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Property profile & analytics
FOR SALE
Industrial properties
4428 N Elston Ave, Chicago, IL 60630
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1412069
For Sale
1 / 4
$775,000
4428 N Elston Ave, Chicago, IL 60630
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1915
Total area
5,700 SF
Lot
0.14 ac (6,250 SF)
APN
13-15-236-035
UPID
US28-1412069
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
-
Super Auto Auto Repair Shop
-
ParkChicago #460107 Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$695k
Owner & transaction history
Alegria Properties LLC · 2 yrs held
Alegria Properties LLC
since 2023
Last sale
$725,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+126.5%
Office building
$770,000
+55.0%
Retail stores
$695,000
+39.9%
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
$670,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$495,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,120,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$685,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $725k (Oct 6 2023)
Last sale anchor
$725k
Oct 6 2023
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
$122 / 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
$28,591
Tax year 2022
Assessed value
$129,680
Assessed 2022
Previous assessed
$129,680
+0.0% YoY
Effective rate
22.05%
On assessed value
Assessed land
$16,406
Assessed improvement
$113,274
Land market value
$65,624
Improvement market value
$453,096
Total market value
$518,720
Applied tax rate
71,183.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1915
Heating
NONE
Stories
1
Total area
5,700 SF
Lot
0.14 ac (6,250 SF)
APN
13-15-236-035
UPID
US28-1412069
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
INDUSTRIAL (GENERAL) Current
Est. value
$495,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$685,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1915
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Alegria Properties LLC
Entity
Mailing address
3900 W CHASE AVE, LINCOLNWOOD, IL 60712-1004
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$725,000
Alegria Properties LLC
4428 Elston LLC
Warranty Deed
$420,500 · Ocmbc INC
Mar 8, 2018
$440,000
4428 Elston LLC
Raia Charles J & K K Trust
Grant Deed
$660,000 · Wintrust Bk
May 11, 2009
—
Raia Charles J Tr
Trust 4432
Grant Deed
related
—
Apr 20, 2009
—
Raia Charles J & K A Trust
Raia Charles J
Quit Claim Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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