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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Residential income homes
3440 Main St Skokie, IL 60076-2453
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-0980528
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,736 SF
Lot
0.07 ac (3,125 SF)
APN
10-23-221-036
UPID
US28-0980528
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
$645k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$399k
Blend (final)
Blend
$595k
Owner & transaction history
Felix Negotium LLC · 1 yrs held
Felix Negotium LLC
since 2024
Last sale
$585,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$600,000
+27.0%
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 Skokie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Skokie 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
$610,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$410,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $585k (Oct 3 2023)
Last sale anchor
$585k
Oct 3 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
$217 / 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
$5,548
Tax year 2022
Assessed value
$18,438
Assessed 2022
Previous assessed
$18,438
+0.0% YoY
Effective rate
30.09%
On assessed value
Assessed land
$4,218
Assessed improvement
$14,220
Land market value
$42,180
Improvement market value
$142,200
Total market value
$184,380
Applied tax rate
24,027.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
4
Total area
2,736 SF
Lot
0.07 ac (3,125 SF)
APN
10-23-221-036
UPID
US28-0980528
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$475,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
RETAIL STORES
Est. value
$410,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Felix Negotium LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1816 BROMLEY CT, SCHAUMBURG, IL 60194-2202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
—
Felix Negotium LLC
Nahum David Nazaire
Quit Claim Deed
related
—
Oct 3, 2023
$585,000
Nahum David Nazaire
Rrrcs Corporation
Special Warranty Deed
$574,404 · Compass Mortgage INC
Jan 30, 2014
—
Rrrcs Corp
Thomas,andrew P
Warranty Deed
related
—
Dec 30, 2013
$258,000
Shibu M David
Jp Morgan Chase Bk NA
Grant Deed
—
Jan 8, 2013
—
Jpmorgan Chase Bank NA
Judicial Sales Corp
Grant Deed
related
—
Aug 30, 2004
$531,000
Magid Dawood
Mirza,kabrial
Warranty Deed
$424,800 · Washington Mutual Fsb
Sep 27, 2002
$360,000
Kabrial Mirza
Lasalle Bank NA Trustee
Grant Deed
—
—
—
Kabrial Mairza
—
Deed Of Trust
related
$250,000 · Lasalle National 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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