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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Retail residential properties
4209 Milwaukee Ave Chicago, IL 60641-1887
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0705920
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1925
Total area
6,600 SF
Lot
0.29 ac (12,500 SF)
APN
13-16-413-005
UPID
US28-0705920
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
-
AlleyCat Motor Company Auto Repair Shop Motorcycle Shop
-
Cosmic Technology Inc (Bike/Boat/Book/etc) Store
-
Shred Nations Recycling Center Waste Management Facility
-
Record Nations Storage Facility
-
Sir Speedy Print, Signs, Marketing (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.74M
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$2.02M
Owner & transaction history
Milwaukee 4209 Associates LLC · 4 yrs held
Milwaukee 4209 Associates LLC
since 2022
Last sale
$1.6M
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
$2,015,000
ML approach
$1,735,000
CAP Approach
CAP Return
Estimation
6%
$1,855,000
6.5%
$1,715,000
7%
$1,590,000
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10% · vs last sale $1.58M (Jun 21 2022)
Last sale anchor
$1.58M
Jun 21 2022
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
$305 / 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
$32,395
Tax year 2022
Assessed value
$157,500
Assessed 2022
Previous assessed
$190,799
-17.5% YoY
Effective rate
20.57%
On assessed value
Assessed land
$22,500
Assessed improvement
$135,000
Land market value
$225,000
Improvement market value
$1,350,000
Total market value
$1,575,000
Applied tax rate
71,043.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1925
Heating
NONE
Stories
2
Total area
6,600 SF
Lot
0.29 ac (12,500 SF)
APN
13-16-413-005
UPID
US28-0705920
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
1925
Heating
NONE
Stories
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Milwaukee 4209 Associates LLC
Entity
Mailing address
3856 OAKTON ST, SKOKIE, IL 60076-3454
Ownership since
2022
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 11, 2023
—
Milwaukee 4209 Associates LLC
—
Deed
related
$1,060,000 · Jpmorgan Chase Bank NA
Jun 21, 2022
$1,575,000
Milwaukee 4209 Associates LLC
Emmanuil Yalda
Warranty Deed
$1,181,250 · 1st Equity Bank
Apr 23, 2019
—
Emmanuil H Yalda
—
Deed
related
$200,000 · Wells Fargo Bank NA
Dec 22, 2016
$1,240,000
Emmanuil Yalda
4209-17 Milwaukee Ave LLC
Warranty Deed
$803,000 · Wells Fargo Bk
Oct 31, 2013
$815,000
4209-17 Milwaukee Ave LLC
Trust 11-5944
Grant Deed
$611,250 · Heartland Bank
Mar 3, 2004
—
Albany Bank & Trust Co NA Ttee
Lasalle Bank NA Trustee
Grant Deed
related
—
Aug 14, 1998
—
Susan C Surova
Verunac,james & Blanche
Quit Claim Deed
related
—
—
—
Emmanuil Yalda
—
Deed Of Trust
related
$200,000 · Wells Fargo Bk
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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