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Property profile & analytics
OFF-MARKET
Banks
3601 Halsted St, Chicago, IL 60613-4315
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US28-1676302
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1995
Total area
1,100 SF
Lot
0.22 ac (9,750 SF)
APN
14-21-107-009
UPID
US28-1676302
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
-
BMO Bank N.A Branches Bank Loan Service
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
Tak K Ng · 25 yrs held
Tak K Ng
since 2001
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
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
$53,303
Tax year 2022
Assessed value
$240,678
Assessed 2022
Previous assessed
$240,678
+0.0% YoY
Effective rate
22.15%
On assessed value
Assessed land
$146,250
Assessed improvement
$94,428
Land market value
$585,000
Improvement market value
$377,712
Total market value
$962,712
Applied tax rate
73,107.0000
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
1995
Heating
NONE
Stories
1
Total area
1,100 SF
Lot
0.22 ac (9,750 SF)
APN
14-21-107-009
UPID
US28-1676302
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
1995
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Tak K Ng
Individual
Mailing address
PO BOX 755, CHICAGO, IL 60690-0755
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
—
Trust 24-3546-000
—
Trustees Deed
related
$400,000 · Parkway Bk
Apr 20, 2004
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$1,115,000 · North Community Bank
Apr 19, 2001
$505,000
Tak K Ng
Lakeside Bank Trustee
Grant Deed
$350,000 · International Bank Of Chicago
—
—
Trust 24-3546-00
—
Deed Of Trust
related
$500,000 · Parkway Bk
—
—
Trust 24-3546-00
—
Deed Of Trust
related
$50,000 · Parkway Bk
—
—
Lakeside Bank Trustee
—
Deed Of Trust
related
$342,700 · Ge Capital Small Business Finl
—
—
Trust 24-3546-00
—
Deed Of Trust
related
$75,000 · North Community Bank
—
—
Trust 24-3546-00
—
Deed Of Trust
related
$41,867 · North Community Bank
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$360,000 · North Community Bank
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$55,000 · North Community 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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