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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Retail space
3401 Lawrence Ave Chicago, IL 60625-5103
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-1450039
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1931
Total area
14,000 SF
Lot
0.26 ac (11,468 SF)
APN
13-14-203-028
UPID
US28-1450039
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
Current use
Occupant on record · Public records
-
Steven Papageorge Hair Academy Hair Salon
-
School Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.41M
Owner & transaction history
Green 5 Property LLC · 11 yrs held
Green 5 Property LLC
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+94.3%
Apartment house (5+ units)
$3.0M
+74.7%
Office building
$1.9M
+9.5%
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,230,000
6.5%
$2,980,000
7%
$2,765,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,345,000
Change: +94% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,010,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$1,885,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,675,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10%
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
$172 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$96,705
Tax year 2022
Assessed value
$446,011
Assessed 2022
Previous assessed
$446,011
+0.0% YoY
Effective rate
21.68%
On assessed value
Assessed land
$51,606
Assessed improvement
$394,405
Land market value
$206,424
Improvement market value
$1,577,620
Total market value
$1,784,044
Applied tax rate
71,125.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1931
Heating
NONE
Stories
3
Total area
14,000 SF
Lot
0.26 ac (11,468 SF)
APN
13-14-203-028
UPID
US28-1450039
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1931
Heating
NONE
Stories
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Green 5 Property LLC
Entity
Mailing address
PO BOX 597846, CHICAGO, IL 60659-7846
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Green 5 Property LLC
—
Deed
related
$675,000 · Albany Bk&tr
Jan 5, 2015
$2,450,000
Green 5 Property LLC
Trust 11-2026
Grant Deed
$1,500,000 · Albany Bk&tr
—
—
Green 5 Property LLC
—
Loan Modification
related
$675,000 · Albany 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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