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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
3853 Southport Ave, Chicago, IL 60613-2823
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US28-0128574
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1912
Total area
3,461 SF
Lot
0.07 ac (3,000 SF)
APN
14-20-108-003
UPID
US28-0128574
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
-
Einstein Esthetics Hair Salon Nail Salon
-
Fuga Beauty Supply Store (Bike/Boat/Book/etc) Store Cosmetic Store
-
Veterinarian Garden Care Veterinary Clinic
-
Fuga Salon & Spa Hair Salon
-
Northside Pain Therapy Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$530k
Owner & transaction history
Millennitech INC · 21 yrs held
Millennitech INC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$825,000
+64.3%
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
$355,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
RETAIL STORES
$505,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: +64% · Conversion: Moderate
OFFICE BUILDING
$465,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$415,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$153 / 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
$34,359
Tax year 2022
Assessed value
$162,500
Assessed 2022
Previous assessed
$162,500
+0.0% YoY
Effective rate
21.14%
On assessed value
Assessed land
$48,750
Assessed improvement
$113,750
Land market value
$195,000
Improvement market value
$455,000
Total market value
$650,000
Applied tax rate
73,115.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1912
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
2
Total area
3,461 SF
Lot
0.07 ac (3,000 SF)
APN
14-20-108-003
UPID
US28-0128574
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
RETAIL STORES Current
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
OFFICE BUILDING
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$415,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1912
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Millennitech INC
Entity
Mailing address
1404 S PLYMOUTH CT, CHICAGO, IL 60605-2729
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2018
—
Millennitech INC
—
Deed
related
$920,000 · Wheaton Bk&tr
Jan 19, 2005
$920,000
Millennitech INC
Magar,susan J
Warranty Deed
$736,000 · Mb Fin'l Bk
Nov 14, 2000
$579,500
Susan J Magar
Kinney,susan F
Grant Deed
$327,500 · Chicago Community Bank
—
—
Susan Magar
—
Deed Of Trust
related
$243,000 · Somercor 504 INC
—
—
Millennitech INC
—
Deed Of Trust
related
$628,857 · Mb Financial Bank NA
—
—
Susan Magar
—
Deed Of Trust
related
$5,104 · Chicago Community Bank
—
—
Susan F Kinney
—
Deed Of Trust
related
$243,500 · Lasalle Bank Fsb
—
—
Millennitech INC
—
Deed Of Trust
related
$1,220,978 · Mb Financial Bank NA
—
—
Millenitech INC
—
Deed Of Trust
related
$548,182 · Mb Financial Bank NA
—
—
Millennitech INC
—
Loan Modification
related
$1,183,642 · Mb Fin'l Bk
—
—
Millennitech INC
—
Deed Of Trust
related
$920,000 · Wheaton Bk&tr
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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