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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Residential income homes
4621 Monticello Ave Chicago, IL 60625-6448
Entity Owned
15-yr Hold
Property ID
US28-5476589
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,986 SF
Lot
0.1 ac (4,187 SF)
APN
13-14-113-011
UPID
US28-5476589
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
by Request
Comparable Approach
Comparable
$793k
Blend (final)
Blend
$730k
Owner & transaction history
School Street Management LLC · 15 yrs held
School Street Management LLC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+11.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,190,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$146 / 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
$11,600
Tax year 2022
Assessed value
$56,198
Assessed 2022
Previous assessed
$56,198
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$11,723
Assessed improvement
$44,475
Land market value
$117,230
Improvement market value
$444,750
Total market value
$561,980
Applied tax rate
71,134.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
3
Units
3
Bathrooms
3
Total area
4,986 SF
Lot
0.1 ac (4,187 SF)
APN
13-14-113-011
UPID
US28-5476589
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
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
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
3
Bathrooms
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
School Street Management LLC
Entity
Mailing address
383 HILLSIDE AVE, GLEN ELLYN, IL 60137-4533
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2010
$286,000
School Street Management LLC
Fieldstone Mtg Inv 2006-2
Grant Deed
—
Sep 22, 2010
—
Monticello Avenue Mgmt LLC
School Street Management LLC
Warranty Deed
related
—
May 7, 2010
—
Fieldstone Mtg Inv Trust 2006-2
Judicial Sales Corp
Trustees Deed
related
—
Aug 1, 2006
$630,000
Juan Torres
Perez,irma
Grant Deed
$504,000 · Fieldstone Mortgage Co
Mar 9, 2006
—
Irma Perez
Perez,irma
Quit Claim Deed
related
—
Jul 27, 2005
$575,000
Irma Perez
Manuel S Chiqui
Warranty Deed
$115,000 · First Horizon Home Loan Corp
Jun 20, 2003
—
Manuel S Chiqui
Chiqui,manuel S
Quit Claim Deed
related
—
Oct 5, 2000
$330,000
Manuel S Chiqui
Chase Bank Of Texas
Grant Deed
$264,000 · Chase Manhattan Mortgage Corp
Jun 21, 2000
—
Chase Bank Of Texas NA Trustee
Wells Fargo Home Mortgage INC
Quit Claim Deed
related
—
Jul 19, 1999
—
Norwest Mortgage INC
Intercounty Judicial Sales Co
Grant Deed
related
—
—
—
Manuel S Chiqui
—
Deed Of Trust
related
$317,050 · Tamayo Financial Services
—
—
Manuel S Chioui
—
Deed Of Trust
related
$344,000 · New Century Mortgage
—
—
Manuel Chiqui
—
Deed Of Trust
related
$384,000 · Gn Mortgage Corp
—
—
Manuel S Chiqui
—
Deed Of Trust
related
$370,000 · New Century Mortgage
—
—
Manuel S Chiqui
—
Deed Of Trust
related
$62,000 · Harris Trust & Savings Bank
—
—
Monticello Avenue Mgmt LLC
—
Deed Of Trust
related
$268,760 · Goone Laura E 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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