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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Retail space
4401 Kedzie Ave Chicago, IL 60632-2814
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2640627
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1953
Total area
10,300 SF
Lot
0.07 ac (3,125 SF)
APN
19-01-309-003
UPID
US28-2640627
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
-
Kiddy Kare Preschool & Kindergarten Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.53M
Owner & transaction history
Little Tykes Holdco LLC · 4 yrs held
Little Tykes Holdco LLC
since 2022
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.3M
+224.6%
Neighborhood: shopping center
$2.5M
+52.0%
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
$3,665,000
ML approach
$3,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,260,000
Change: +225% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,465,000
Change: +52% · Conversion: Moderate
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±10% · vs last sale $3.40M (Jun 3 2022)
Last sale anchor
$3.40M
Jun 3 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
$342 / 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
$12,783
Tax year 2022
Assessed value
$53,626
Assessed 2022
Previous assessed
$53,626
+0.0% YoY
Effective rate
23.84%
On assessed value
Assessed land
$11,132
Assessed improvement
$42,494
Land market value
$44,528
Improvement market value
$169,976
Total market value
$214,504
Applied tax rate
72,127.0000
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
1953
Heating
NONE
Stories
3
Total area
10,300 SF
Lot
0.07 ac (3,125 SF)
APN
19-01-309-003
UPID
US28-2640627
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
COMMERCIAL (GENERAL)
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1953
Heating
NONE
Stories
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Little Tykes Holdco LLC
Entity
Mailing address
180 PHILLIPS HL RD, NEW CITY, NY 10956-4132
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$3,400,000
Little Tykes Holdco LLC
1723 West LLC
Special Warranty Deed
$2,427,000 · Old National Bank
Mar 8, 2013
—
4401 Kedzie LLC
—
Deed Of Trust
related
$1,003,910 · Privatebank & Trust
Jan 19, 2010
—
4401 Kedzie LLC
—
Deed Of Trust
related
$1,095,000 · Privatebank & Trust
Jul 29, 2008
$700,000
4401 Kedzie LLC
Sci Il Services INC
Grant Deed
$900,000 · Privatebank
—
—
4401 Kedzie LLC
—
Loan Modification
related
$1,003,910 · Privatebank & Trust
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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