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Property profile & analytics
OFF-MARKET
Estimated value
$1,855,000
Retail space
4325 Ravenswood Ave, Chicago, IL 60613-1111
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-2290681
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1941
Total area
46,000 SF
Lot
0.37 ac (16,300 SF)
APN
14-18-403-003
UPID
US28-2290681
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
-
Artifact Events Hotel & Motel Resort
-
Missio Dei Chicago - Lincoln Square Church
-
The Other Art Fair Art Gallery
-
Chicago Artisan Market in Ravenswood (Artifact Events Bldg.) Food Market Farmer's Market
-
Architectural Artifacts, Inc. Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.86M
Owner & transaction history
Nevermore Ventures LLC · 8 yrs held
Nevermore Ventures 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
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±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
$40 / 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
$101,205
Tax year 2022
Assessed value
$475,942
Assessed 2022
Previous assessed
$475,942
+0.0% YoY
Effective rate
21.26%
On assessed value
Assessed land
$203,750
Assessed improvement
$272,192
Land market value
$815,000
Improvement market value
$1,088,768
Total market value
$1,903,768
Applied tax rate
73,078.0000
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
1941
Heating
NONE
Stories
2
Total area
46,000 SF
Lot
0.37 ac (16,300 SF)
APN
14-18-403-003
UPID
US28-2290681
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
1941
Heating
NONE
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Nevermore Ventures LLC
Entity
Mailing address
119 W HUBBARD ST, CHICAGO, IL 60654-7579
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2018
—
Nevermore Ventures LLC
—
Grant Deed
related
$15,000,000 · Heartland Bk
Mar 23, 2018
—
Nevermore Ventures LLC
Mab Capital Management LLC
Quit Claim Deed
related
—
Sep 28, 2015
$7,550,000
Mab Capital Management LLC
After The Fact LLC
Grant Deed
related
$5,500,000 · Wintrust Bk
Sep 6, 2012
—
After The Fact LLC
Grannen,stuart E
Quit Claim Deed
related
$2,175,000 · Mb Financial Bank NA
May 17, 2012
—
Architectural Atf
—
Deed Of Trust
related
$2,745,000 · Fifth Third Bank
May 12, 2006
—
After The Fact LLC
Grannen,stuart E
Quit Claim Deed
related
—
May 11, 2006
—
Fact After
Grannen,stuart E
Quit Claim Deed
related
—
Nov 24, 2003
—
Stuart E Grannen
—
Deed Of Trust
related
$2,500,000 · Amcore Bank
Sep 5, 2002
—
Stuart E Grannen
Lasalle Bank NA Trustee
Grant Deed
related
—
Dec 11, 2001
—
Lasalle National Bank Trustee
—
Deed Of Trust
related
$2,750,000 · United Community Bank Of Lisle
—
—
Architectural Artifacts INC
—
Deed Of Trust
related
$708,000 · Fifth Third Bank
—
—
After The Fact LLC
—
Deed Of Trust
related
$750,000 · Fifth Third Bank
—
—
Architectural Artifacts INC
—
Deed Of Trust
related
$750,000 · Fifth Third Bank
—
—
Fact LLC
—
Deed Of Trust
related
$120,000 · Fifth Third Bank
—
—
Stuart E Grannen
—
Deed Of Trust
related
$500,000 · United Community Bank Of Lisle
—
—
Stuart E Grannen
—
Deed Of Trust
related
$250,000 · Amcore Bank
—
—
Ouroboros LLC
—
Deed Of Trust
related
$2,760,000 · Amcore Bank
—
—
Stuart E Grannen
—
Deed Of Trust
related
$480,000 · Metropolitan Bank & Trust Co
—
—
Afther Fact LLC
—
Deed Of Trust
related
$200,000 · Mb Financial Bank NA
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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