New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Commercial real estate
34 Washington St, Hinsdale, IL 60521-4109
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2307724
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1898
Total area
7,430 SF
Lot
0.09 ac (3,920 SF)
Zoning code
A
APN
09-12-121-012
UPID
US28-2307724
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$3.75M
Owner & transaction history
Mbk 36 LLC · 3 yrs held
Mbk 36 LLC
since 2023
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
A · Hinsdale, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+35.8%
Restaurant
$2.3M
+19.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hinsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hinsdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,880,000
ML approach
$3,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,630,000
Change: +36% · Conversion: Difficult
RESTAURANT
$2,310,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±10% · vs last sale $3.65M (Mar 29 2023)
Last sale anchor
$3.65M
Mar 29 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$504 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,690
Tax year 2023
Assessed value
$601,410
Assessed 2023
Previous assessed
$556,860
+8.0% YoY
Effective rate
5.60%
On assessed value
Assessed land
$73,820
Assessed improvement
$527,590
Land market value
$221,460
Improvement market value
$1,582,770
Total market value
$1,804,230
Applied tax rate
9,572.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1898
Heating
NONE
Stories
2
Total area
7,430 SF
Lot
0.09 ac (3,920 SF)
Zoning code
A
APN
09-12-121-012
UPID
US28-2307724
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
A · Hinsdale, IL
Zoning A · permitted uses
A · Hinsdale, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hinsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1898
Heating
NONE
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Mbk 36 LLC
Entity
Mailing address
6825 N LINCOLN AVE, LINCOLNWOOD, IL 60712-2623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
—
Mbk 36 LLC
—
Deed
related
$1,000,000 · Hinsdale Bank & Trust Co
Mar 29, 2023
$3,650,000
Mbk 36 LLC
Chicago Title Land Trust Company
Deed
—
Dec 14, 2022
—
Chicago Title Land Trust Company
—
Deed
related
$1,575,000 · Hinsdale Bank & Trust Co
Sep 19, 2017
—
Chicago Title Land Trust 7367
—
Deed
related
$848,564 · Hinsdale Bk&tr
—
—
Bank One NA
—
Deed Of Trust
related
$750,000 · Hinsdale Bank & Trust Co
—
—
Chicago Title Land Trust 7367
—
Loan Modification
related
$848,564 · Hinsdale Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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