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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Retail space
5657 Belmont Ave, Chicago, IL 60634-5303
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US28-5800175
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1949
Total area
13,800 SF
Lot
0.18 ac (7,683 SF)
APN
13-29-206-041
UPID
US28-5800175
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
-
Gran Discover Inc Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.45M
Owner & transaction history
Talee T Hassan · 20 yrs held
Talee T Hassan
since 2005
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+103.0%
Apartment house (5+ units)
$2.6M
+59.0%
Office building
$1.9M
+14.4%
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%
$3,190,000
6.5%
$2,945,000
7%
$2,735,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,625,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,300,000
Change: +103% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,585,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$1,860,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,655,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±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
$177 / 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
$91,512
Tax year 2022
Assessed value
$389,983
Assessed 2022
Previous assessed
$389,983
+0.0% YoY
Effective rate
23.47%
On assessed value
Assessed land
$34,573
Assessed improvement
$355,410
Land market value
$138,292
Improvement market value
$1,421,640
Total market value
$1,559,932
Applied tax rate
71,078.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1949
Heating
NONE
Stories
2
Total area
13,800 SF
Lot
0.18 ac (7,683 SF)
APN
13-29-206-041
UPID
US28-5800175
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
RETAIL STORES Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1949
Heating
NONE
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Talee T Hassan
Individual
Mailing address
5625 W WILSON AVE, CHICAGO, IL 60630-3315
Ownership since
2005
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 28, 2005
$879,000
Talee T Hassan
Trust 105479-09
Grant Deed
$660,000 · American Chartered Bank
Sep 26, 2003
—
Aronson Realty Corp
—
Deed Of Trust
related
$3,500,000 · Amcore Bank
Dec 1, 2000
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$3,500,000 · Cole Taylor Bank
—
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$25,000 · Aronson Furniture Co
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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