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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Retail space
4010 24th Wn Ave Chicago, IL 60639
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-0933943
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1910
Total area
4,900 SF
Lot
0.14 ac (6,250 SF)
APN
13-34-430-033
UPID
US28-0933943
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
$1.08M
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$795k
Owner & transaction history
Favor Of Erc Properties Foundation · 1 yrs held
Favor Of Erc Properties Foundation
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+106.2%
Office building
$660,000
+16.2%
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%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$570,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,170,000
Change: +106% · Conversion: Moderate
OFFICE BUILDING
$660,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$565,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $1.10M (Apr 16 2024)
Last sale anchor
$1.10M
Apr 16 2024
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
$162 / 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
$19,465
Tax year 2022
Assessed value
$94,638
Assessed 2022
Previous assessed
$86,634
+9.2% YoY
Effective rate
20.57%
On assessed value
Assessed land
$28,125
Assessed improvement
$66,513
Land market value
$112,500
Improvement market value
$266,052
Total market value
$378,552
Applied tax rate
71,049.0000
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
1910
Heating
NONE
Stories
2
Total area
4,900 SF
Lot
0.14 ac (6,250 SF)
APN
13-34-430-033
UPID
US28-0933943
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
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$565,000
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
1910
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Favor Of Erc Properties Foundation
Entity
Free & Clear · 1 yrs held
Mailing address
3856 W OAKTON ST, SKOKIE, IL 60076-3454
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
$1,095,000
Favor Of Erc Properties Foundation
North Ave 4010 Associates LLC
Special Warranty Deed
—
Jan 26, 2021
—
North Ave 4010 Associates LLC
—
Deed
related
—
Mar 17, 2020
—
North Ave 4010 Associates LLC
—
Deed
related
—
Aug 5, 2019
$850,000
North Ave 4010 Assocs LLC
Kim Chang K Trust
Grant Deed
$600,000 · First Equity Bk
Oct 2, 2017
—
Kim,chang K Trust
Kim,chang K & Jeong J
Quit Claim Deed
related
—
Apr 1, 1998
—
Helen Metoyer
Continental Community B&t Co T
Grant Deed
related
—
—
—
North Ave 4010 Associates LLC
—
Loan Modification
related
—
—
—
North Ave 4010 Associates LLC
—
Loan Modification
related
—
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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