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Property profile & analytics
FOR SALE
Banks
5231 S Pulaski Rd, Chicago, IL 60632
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-5536026
For Sale
1 / 2
$3,169,800
5231 S Pulaski Rd, Chicago, IL 60632
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1957
Total area
4,400 SF
Lot
1.14 ac (49,658 SF)
APN
19-11-300-010
UPID
US28-5536026
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
-
Bank of America ATM (Drive-thru) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$2.66M
Owner & transaction history
Fifth Third Bank National Associati · 2 yrs held
Fifth Third Bank National Associati
since 2024
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+69.7%
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
$2,660,000
ML approach
$2,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,245,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±10% · vs last sale $2.66M (Jun 7 2024)
Last sale anchor
$2.66M
Jun 7 2024
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
$605 / 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
$54,172
Tax year 2022
Assessed value
$263,375
Assessed 2022
Previous assessed
$263,375
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$177,145
Assessed improvement
$86,230
Land market value
$708,580
Improvement market value
$344,920
Total market value
$1,053,500
Applied tax rate
72,001.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1957
Heating
NONE
Stories
1
Total area
4,400 SF
Lot
1.14 ac (49,658 SF)
APN
19-11-300-010
UPID
US28-5536026
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
$2.2M
COMMERCIAL (GENERAL)
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
1957
Heating
NONE
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Fifth Third Bank National Associati
Entity
Mailing address
38 FOUNTAIN SQ PLZ, CINCINNATI, OH 45202-3102
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Fifth Third Bank National Associati
Fainbarg II LP
Lease
related
—
Mar 11, 2011
—
LP Fainbarg II
Fainbarg Family Trust
Quit Claim Deed
related
—
Jul 25, 2008
$2,660,000
Fainbarg Family Trust
Hinckley Consulting LLC
Warranty Deed
—
Jul 20, 2005
—
Hinckley Consulting LLC
—
Trustees Deed
related
$250,000 · Premier Bank
Apr 1, 2003
—
Hinckley Consulting LLC
Eagle LP
Quit Claim Deed
related
—
Apr 1, 2003
$2,087,250
Hinckley Consulting LLC
Lasalle Bank NA Trustee
Grant Deed
$900,000 · American Metro Bank
Aug 16, 1999
—
LP Eagle
American Nat'l Bk&tr Chgo Tte
Grant Deed
related
—
May 26, 1999
—
American Nat'l Bk&tr Chgo Ttee
Eagle LP
Grant Deed
related
—
Aug 28, 1998
$750,000
Eagle Limited Partnership
Hmh Restaurants INC
Grant Deed
$880,000 · American Nat'l Bk & Tr Chicago
—
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$880,000 · American Nat'l Bk & Tr Chicago
—
—
Hinckley Counsulting LLC
—
Deed Of Trust
related
$1,200,000 · Premier Bank
—
—
Fainbarg Trust
—
Deed Of Trust
related
$1,300,000 · Comerica Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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