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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Community centers
3510 118th St Chicago, IL 60617
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-5768464
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Total area
153,500 SF
Lot
14.28 ac (622,037 SF)
APN
26-20-122-002
UPID
US28-5768464
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
Raina Avenue O LLC · 4 yrs held
Raina Avenue O LLC
since 2021
Last sale
$450,000
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 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
$510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $450k (Jul 29 2021)
Last sale anchor
$450k
Jul 29 2021
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
$5 / 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
$537,947
Tax year 2022
Assessed value
$2,607,644
Assessed 2022
Previous assessed
$2,362,486
+10.4% YoY
Effective rate
20.63%
On assessed value
Assessed land
$544,091
Assessed improvement
$2,063,553
Land market value
$2,176,364
Improvement market value
$8,254,212
Total market value
$10,430,576
Applied tax rate
70,002.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
153,500 SF
Lot
14.28 ac (622,037 SF)
APN
26-20-122-002
UPID
US28-5768464
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
1985
Heating
NONE
Stories
1
Lot
14.28 ac
Current owner
From public records · entity-resolved
Raina Avenue O LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4333 S PULASKI RD, CHICAGO, IL 60632-4008
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2024
—
East Side Plaza Management LLC
—
Deed
related
$9,500,000 · Old Plank Trail Community Bank NA
Oct 21, 2021
—
East Side Plaza Management LLC
—
Deed
related
$9,500,000 · Old Plank Trail Community Bank NA
Jul 29, 2021
$450,000
Raina Avenue O LLC
East Side Plaza Management LLC
Special Warranty Deed
—
Jul 8, 2014
—
East Side Plaza Management LLC
—
Grant Deed
related
$8,000,000 · Old Plank Trl Cmnty Bk NA
Aug 25, 2004
$1,440,000
East Side Plaza Mgmt LLC
Great-west Life & Annuity Ins
Grant Deed
—
Aug 25, 2004
—
Great-west Life
Sheriff Of Cook County
Trustees Deed
related
—
—
—
Aunt Marthas Youth Svcs Ctr I
—
Deed Of Trust
related
$500,000 · Iff Emps FCU
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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