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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Apartment buildings
36 Paulina St, Chicago, IL 60612
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US28-1320708
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Total area
3,000 SF
Lot
0.11 ac (4,758 SF)
APN
17-07-429-017
UPID
US28-1320708
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
$405k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$605k
Owner & transaction history
Mrr 36 N Paulina LLC · 15 yrs held
Mrr 36 N Paulina LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$820,000
+41.8%
Neighborhood: shopping center
$715,000
+23.8%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$580,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +42% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$202 / 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
$31,375
Tax year 2022
Assessed value
$152,023
Assessed 2022
Previous assessed
$152,023
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$4,995
Assessed improvement
$147,028
Land market value
$49,950
Improvement market value
$1,470,280
Total market value
$1,520,230
Applied tax rate
77,114.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
3,000 SF
Lot
0.11 ac (4,758 SF)
APN
17-07-429-017
UPID
US28-1320708
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
$580,000
COMMERCIAL (GENERAL)
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Mrr 36 N Paulina LLC
Entity
Mailing address
55 E JACKSON BLVD STE #500, CHICAGO, IL 60604-4396
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2019
—
Mrr 36 N Paulina LLC
—
Grant Deed
related
$4,300,000 · Miscellaneous Ins Co
Feb 1, 2011
$4,500,000
Mrr 36 N Paulina LLC
Paulina Park LLC
Grant Deed
related
$3,513,000 · Private Lender
Feb 16, 2010
—
Paulina Park LLC
—
Deed Of Trust
related
$2,700,000 · Heritage Community Bank
Aug 28, 2009
—
Paulina Park LLC
—
Deed Of Trust
related
$4,000,000 · Mb Financial Bank NA
Aug 25, 2009
—
Paulina Park LLC
—
Deed Of Trust
related
$2,700,000 · Mb Financial Bank NA
Sep 9, 2008
—
Paulina Park LLC
—
Trustees Deed
related
$1,500,000 · Heritage Community Bank
Sep 13, 2005
—
Paulina Park LLC
—
Trustees Deed
related
$816,000 · Heritage Community Bank
Feb 20, 2003
—
5644 North California LLC
Degani,yuval & Joyal
Quit Claim Deed
related
—
Oct 10, 2001
$265,000
Avi Ron
Terry,patricia A
Grant Deed
—
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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