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Property profile & analytics
OFF-MARKET
Banks
3425 Sunset Ave Waukegan, IL 60087-3219
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-2464090
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1996
Construction
FRAME
Total area
5,380 SF
Lot
0.47 ac (20,473 SF)
APN
08-07-339-004
UPID
US28-2464090
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
-
Flor Luis Washington, Century 21 Affiliated Maki Real Estate Agency
-
Luz Marin, Century 21 Affiliated Maki Real Estate Agency
-
Cathy Karlstrand, Century 21 Affiliated Maki Real Estate Agency
-
Joanna Elrod, Century 21 Affiliated Maki Real Estate Agency
-
Prestige Remodeling, LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chicago Title Land Trust Company · 6 yrs held
Chicago Title Land Trust Company
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Waukegan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukegan 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,206
Tax year 2023
Assessed value
$168,936
Assessed 2023
Previous assessed
$165,773
+1.9% YoY
Effective rate
9.59%
On assessed value
Assessed land
$39,516
Assessed improvement
$129,420
Land market value
$118,560
Improvement market value
$388,299
Total market value
$506,859
Applied tax rate
9,012.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
NONE
Total area
5,380 SF
Lot
0.47 ac (20,473 SF)
APN
08-07-339-004
UPID
US28-2464090
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
Building & site characteristics
From public records
Year built
1996
Construction
FRAME
Heating
NONE
Lot
0.47 ac
Current owner
From public records · entity-resolved
Chicago Title Land Trust Company
Trust
Mailing address
3425 SUNSET AVE, WAUKEGAN, IL 60087-3219
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2020
—
Chicago Title Land Trust Company
—
Deed
related
$10,000 · The Huntington National Bank
Dec 17, 2019
—
Chicago Title Land Trust Company
—
Deed
related
$390,000 · The Huntington National Bank
Dec 11, 2018
—
Elizabeth C Scheffler
—
Deed
related
$427,066 · Fifth Third Bk
Oct 2, 2017
—
Trust 795-3613
—
Deed
related
$427,066 · Fifth Third Bk
Oct 17, 2006
—
Trust 795-3613
—
Trustees Deed
related
$100,000 · Ravenswood Bank
—
—
Fifth Third Bank Chicago Ttee
—
Deed Of Trust
related
$600,498 · Fifth Third Bank Chicago
—
—
Elizabeth C Scheffler
—
Deed Of Trust
related
$555,099 · Fifth Third Bank
—
—
Trust 795-3613
—
Loan Modification
related
$427,066 · Fifth Third Bk
—
—
Fifth Third Bank Chicago
—
Deed Of Trust
related
$100,000 · Fifth Third Bank Chicago
—
—
Elizabeth C Scheffler
—
Loan Modification
related
$649,165 · Fifth Third Bk
—
—
Elizabeth C Scheffler
—
Loan Modification
related
$481,096 · Fifth Third Bk
—
—
Trust 795-3613
—
Deed Of Trust
related
$532,336 · Fifth Third Bank
—
—
Trust 795-3613
—
Loan Modification
related
$520,018 · Fifth Third Bank
—
—
Trust 795-3613
—
Loan Modification
related
—
—
—
Trust 795-3613
—
Deed Of Trust
related
$4,000,000 · Ravenswood Bank
—
—
Elizabeth C Scheffler
—
Deed Of Trust
related
—
—
—
Elizabeth C Scheffler
—
Deed Of Trust
related
$535,936 · Fifth Third Bank
—
—
Elizabeth C Scheffler
—
Loan Modification
related
$427,066 · Fifth Third Bk
—
—
Trust 795-3613
—
Deed Of Trust
related
$300,000 · Ravenswood Bank
—
—
Trust 795-3613
—
Deed Of Trust
related
$99,500 · Ravenswood Bank
—
—
Grand Premier Tr & Inv NA Ttee
—
Deed Of Trust
related
$528,000 · Grand National Bank
—
—
Trust 795-3613
—
Deed Of Trust
related
$206,758 · Ravenswood Bank
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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