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Property profile & analytics
FOR SALE
Industrial properties
3500 N Kostner Ave, Chicago, IL 60641
Entity Owned
5-yr Hold
Free & Clear
Property ID
US28-0744638
For Sale
1 / 5
$1,789,000
3500 N Kostner Ave, Chicago, IL 60641
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1951
Total area
37,700 SF
Lot
0.53 ac (23,025 SF)
APN
13-22-306-012
UPID
US28-0744638
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
-
Gil Sewing Corp. Textile Manufacturer
-
High Performance Uniforms (Bike/Boat/Book/etc) Store
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
M Brothers Properties LLC · 5 yrs held
M Brothers Properties LLC
since 2020
Last sale
$271,500
6 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 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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$60,543
Tax year 2022
Assessed value
$293,308
Assessed 2022
Previous assessed
$293,308
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$60,440
Assessed improvement
$232,868
Land market value
$241,760
Improvement market value
$931,472
Total market value
$1,173,232
Applied tax rate
71,131.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1951
Heating
NONE
Stories
2
Total area
37,700 SF
Lot
0.53 ac (23,025 SF)
APN
13-22-306-012
UPID
US28-0744638
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
Building & site characteristics
From public records
Year built
1951
Heating
NONE
Stories
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
M Brothers Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3512 N KOSTNER AVE, CHICAGO, IL 60641-3807
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2020
$271,500
M Brothers Properties LLC
Trust Number 99-8337
Grant Deed
—
Sep 1, 2000
—
Bridgeview Bank & Trust Ttee
Cole Taylor Bank Trustee
Grant Deed
related
—
Sep 14, 1999
$412,000
Cole Taylor Bank Trustee
Cole Taylor Bank Trustee
Grant Deed
related
$329,600 · Cole Taylor Bank
—
—
Cole Taylor Bank Ttee
—
Deed Of Trust
related
$368,202 · Individual
—
—
Trust 99-8337
—
Deed Of Trust
related
$1,350,000 · Union National Bank
—
—
Trust 99-8337
—
Deed Of Trust
related
$300,000 · Union 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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