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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
40 Delaware Pl Chicago, IL 60611-1429
Entity Owned
8-yr Hold
Free & Clear
Property ID
US28-0932029
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Total area
3,600 SF
Lot
0.06 ac (2,534 SF)
APN
17-03-209-016
UPID
US28-0932029
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
-
CoverMe (Bike/Boat/Book/etc) Store Corporate Office
-
INTERMIX Clothing & Fashion Store
-
40 East Delaware Place Apartment Building
-
Lodgistica Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$510k
Owner & transaction history
LP Holdings Hsr I LLC · 8 yrs held
LP Holdings Hsr I LLC
since 2018
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$142 / 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
$114,769
Tax year 2022
Assessed value
$557,994
Assessed 2022
Previous assessed
$557,994
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$4,079
Assessed improvement
$553,915
Land market value
$16,316
Improvement market value
$2,215,660
Total market value
$2,231,976
Applied tax rate
74,002.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
1
Rooms
5
Total area
3,600 SF
Lot
0.06 ac (2,534 SF)
APN
17-03-209-016
UPID
US28-0932029
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
1930
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Lot
0.06 ac
Current owner
From public records · entity-resolved
LP Holdings Hsr I LLC
Entity
Free & Clear · 8 yrs held
Mailing address
908 N HALSTED ST, CHICAGO, IL 60642-4219
Ownership since
2018
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
Feb 21, 2018
—
LP Holdings Hsr I LLC
900 North Rush LLC
Grant Deed
related
—
Feb 18, 2014
—
900 North Rush LLC
Li Portfolio Holdings LLC
Trustees Deed
related
$7,200,000 · Privatebank & Tr
Jun 29, 2010
—
Li Portfolio Holdings LLC
—
Deed Of Trust
related
$20,919,889 · Lbubs 2004-c8 Armitage Avenue
Nov 19, 2004
—
L I Portfolio Holdings LLC
40 E Delaware LLC
Grant Deed
related
—
Oct 15, 2002
—
40 East Delaware LLC
—
Deed Of Trust
related
$1,600,000 · First Bank & Trust Co Illinois
Oct 20, 2000
$850,000
40 E Delaware LLC
Palos Bank & Trust
Grant Deed
—
—
—
Palos Bank & Trust Co Ttee
—
Deed Of Trust
related
$875,000 · Palos Bank & Trust
—
—
L I Portfolio Holdings LLC
—
Deed Of Trust
related
$8,000,000 · Acadia Hawk LLC
—
—
40 E Delaware LLC
—
Deed Of Trust
related
$2,330,000 · Lasalle National Bank
—
—
Minh Dao
—
Deed Of Trust
related
$127,400 · Mortgagedirect
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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