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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Residential income homes
5346 Montrose Ave 3 Chicago, IL 60641-1399
Individually Owned
1-yr Hold
Property ID
US28-0727763
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,789 SF
Lot
0.1 ac (4,375 SF)
APN
13-16-129-023
UPID
US28-0727763
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
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$701k
Blend (final)
Blend
$675k
Owner & transaction history
Andre Myrovskyy · 1 yrs held
Andre Myrovskyy
since 2024
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$905,000
+14.3%
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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$795,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Oct 4 2024)
Last sale anchor
$675k
Oct 4 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
$178 / 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
$9,435
Tax year 2022
Assessed value
$52,000
Assessed 2022
Previous assessed
$52,000
+0.0% YoY
Effective rate
18.14%
On assessed value
Assessed land
$12,250
Assessed improvement
$39,750
Land market value
$122,500
Improvement market value
$397,500
Total market value
$520,000
Applied tax rate
71,033.0000
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
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
3
Units
3
Bathrooms
3
Total area
3,789 SF
Lot
0.1 ac (4,375 SF)
APN
13-16-129-023
UPID
US28-0727763
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
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$695,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1912
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
Andre Myrovskyy
Individual
Mailing address
5616 N KENMORE AVE APT 5A, CHICAGO, IL 60660-4609
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
$675,000
Andre Myrovskyy
Chicago Title Land Trust Company
Deed
$641,250 · C & R Mortgage
May 21, 2024
—
Chicago Title Land Trust
Robert J Banks
Quit Claim Deed
related
—
Mar 16, 2005
—
Robert Banks
Trust 27031
Grant Deed
related
—
Aug 8, 2002
—
Popular North America Banco
Banks,robert J & Mary J
Grant Deed
related
—
Apr 19, 2000
—
Mary J Banks
Banks,robert J & Mary J
Quit Claim Deed
related
$146,300 · Old Towne Mortgage INC
Oct 15, 1998
—
Robert J Banks
Banks,robert J
Quit Claim Deed
related
$129,997 · Setfirst Alliance Mortgage
—
—
Mary J Banks
—
Deed Of Trust
related
$170,000 · Equity Mortgage Corp
—
—
Mary J Banks
—
Deed Of Trust
related
$173,005 · Quicken Lns
—
—
Robert Banks
—
Deed Of Trust
related
$190,000 · Mortgage Lenders Network USA
—
—
Robert Banks
—
Deed Of Trust
related
$203,000 · Mortgage Lenders Network USA
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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