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Property profile & analytics
FOR SALE
Banks
5239 N Western Ave, Chicago, IL 60625
Entity Owned
Absentee Owner
Free & Clear
Property ID
US28-5003603
For Sale
1 / 6
$695,000
5239 N Western Ave, Chicago, IL 60625
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1974
Total area
1,800 SF
Lot
0.29 ac (12,689 SF)
APN
14-07-112-040
UPID
US28-5003603
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
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$745k
Owner & transaction history
Rubaxe LLC
Rubaxe LLC
since 2025
Last sale
$640,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$785,000
+44.8%
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
$785,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$540,000
Current use
COMMERCIAL (GENERAL)
$785,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $640k (Dec 30 2025)
Last sale anchor
$640k
Dec 30 2025
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
$414 / 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
$47,305
Tax year 2022
Assessed value
$229,991
Assessed 2022
Previous assessed
$229,991
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$142,751
Assessed improvement
$87,240
Land market value
$571,004
Improvement market value
$348,960
Total market value
$919,964
Applied tax rate
73,022.0000
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
1974
Heating
NONE
Stories
1
Total area
1,800 SF
Lot
0.29 ac (12,689 SF)
APN
14-07-112-040
UPID
US28-5003603
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
FINANCIAL BUILDING Current
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$785,000
FINANCIAL BUILDING Current
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
1974
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Rubaxe LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2354 W FARRAGUT AVE #306, CHICAGO, IL 60625-1824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
31 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
—
Mara Leah Greenwald
—
Deed
related
$715,000 · Summit Funding INC
Dec 30, 2025
$640,000
Rubaxe LLC
5235 41 N Western LLC
Special Warranty Deed
—
Dec 29, 2025
—
The Gayle Rinaldi Frey Trust
—
Deed
related
$400,000 · Greenstate Cu
Dec 9, 2025
—
Daniel Edenfield
—
Deed
related
$720,000 · Neighborhood Loans
Nov 17, 2025
—
Trust Nunber 9002348237
—
Deed
related
$665,000 · Originpoint LLC
Oct 27, 2025
—
Patricia Zomaya Trust
Patricia Zomaya
Deed
related
—
Jul 29, 2025
$895,000
Nathaniel Glenn Smith
5235 41 N Western LLC
Special Warranty Deed
$581,750 · New American Funding
Apr 29, 2025
—
Talina Phillips
—
Deed
related
$545,060 · Greenstate Cu
Apr 9, 2025
$925,000
Sarah Elizabeth Cordell
5235 41 N Western LLC
Special Warranty Deed
$625,000 · Bay Equity LLC
Apr 7, 2025
$820,000
Thomas Babu
5235 41 N Western LLC
Special Warranty Deed
—
Apr 2, 2025
$795,000
Marcelo Lopez Borges De Oliveira
5235 41 N Western LLC
Special Warranty Deed
$596,250 · Nfm Consultants INC
Mar 21, 2025
$834,000
Chicago Title Land Trust Company
5235 41 N Western LLC
Special Warranty Deed
$667,069 · Originpoint LLC
Mar 19, 2025
$805,000
Mary Cannon Gearing
5235 41 N Western LLC
Special Warranty Deed
—
Mar 19, 2025
$800,500
Joy Maxwell
5235 41 N Western LLC
Special Warranty Deed
$632,400 · Citibank NA
Mar 12, 2025
$690,000
Akshit Gupta
5235 41 N Western LLC
Special Warranty Deed
$552,000 · A & N Mortgage Services INC
Dec 20, 2024
$712,500
Mount Trinka
5235 41 N Western LLC
Special Warranty Deed
—
Dec 17, 2024
$760,000
Daniel Edenfield
5235 41 N Western LLC
Special Warranty Deed
$722,000 · Neighborhood Loans
Dec 10, 2024
$799,000
Mara Leah Greenwald
5235 41 N Western LLC
Special Warranty Deed
$719,100 · Summit Funding INC
Nov 5, 2024
$700,000
Rachel Lee
5235 41 N Western LLC
Special Warranty Deed
$299,900 · Greenstate Cu
Oct 17, 2024
—
Fernando Velazquez Vazquez
Fernando Velazquez Vazquez
Intrafamily Transfer
related
—
Oct 7, 2024
$782,500
Andrew Phillips
5235 41 N Western LLC
Special Warranty Deed
$547,750 · Greenstate Cu
Oct 2, 2024
$610,000
Sofia Ai Spooner
5235 41 N Western LLC
Special Warranty Deed
$409,900 · Greenstate Cu
Sep 30, 2024
$770,000
Patricia Zomaya
5235 41 N Western LLC
Special Warranty Deed
—
Sep 4, 2024
$860,000
Gayle Rinaldi Frey
5235 41 N Western LLC
Special Warranty Deed
$474,000 · Greenstate Cu
Aug 30, 2024
$630,000
Matthew Fahey Connor
5235 41 N Western LLC
Special Warranty Deed
$472,500 · Northpointe Bank
Aug 29, 2024
$739,500
Fernando Velazquez Vazquez
5235 41 N Western LLC
Special Warranty Deed
$702,525 · The Huntington National Bank
May 16, 2022
$1,700,000
5235 41 N Western LLC
5235 N Western LLC
Warranty Deed
$7,196,700 · As 312 LLC
Apr 12, 2022
$1,025,000
5235 N Western LLC
Byline Bank
Special Warranty Deed
$717,500 · First National Bank Of Brookfield
Jun 17, 2016
—
Byline Bk
Trust 1834
Grant Deed
related
—
May 16, 2002
$95,000
Metropolitan Bank & Trust Co
Gk Investment Group INC
Grant Deed
related
—
Sep 9, 1998
$150,000
James Mehlman
Wulfstat,leonard & Florence
Grant Deed
—
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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