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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Industrial properties
5825 Tripp Ave, Chicago, IL 60646-6013
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5255764
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1965
Total area
68,700 SF
Lot
1.07 ac (46,609 SF)
APN
13-03-405-045
UPID
US28-5255764
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
-
Hi-Mart Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.49M
Owner & transaction history
Tripp Place Chicago LLC · 1 yrs held
Tripp Place Chicago LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±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
$22 / 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
$69,646
Tax year 2022
Assessed value
$337,412
Assessed 2022
Previous assessed
$337,412
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$81,282
Assessed improvement
$256,130
Land market value
$325,128
Improvement market value
$1,024,520
Total market value
$1,349,648
Applied tax rate
71,136.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
68,700 SF
Lot
1.07 ac (46,609 SF)
APN
13-03-405-045
UPID
US28-5255764
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
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Tripp Place Chicago LLC
Entity
Mailing address
7007 N AUSTIN AVE, NILES, IL 60714-4601
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
—
Tripp Place Chicago LLC
—
Deed
related
$1,576,000 · Somercor 504 INC
Jan 17, 2025
$3,850,000
Tripp Place Chicago LLC
Chicago Food Property LLC Series Tr
Warranty Deed
related
$1,925,000 · Byline Bank
Jan 13, 2021
—
Chicago Food Prop LLC Series T
—
Deed
related
$3,000,000 · Bank Of Hope
Jan 8, 2015
—
Chicago Food Property LLC Seri
Trust 7295
Grant Deed
related
—
May 25, 2011
—
Trust 7295
—
Deed Of Trust
related
$2,000,000 · Centerbank
Apr 8, 2009
—
Trust 7295
—
Deed Of Trust
related
$3,000,000 · Inland Bank & Trust
Mar 6, 2009
—
Trust 7295
Trust 7224
Quit Claim Deed
related
—
Apr 4, 2008
$2,200,000
Trust 7224
Trust 2410
Grant Deed
related
—
—
—
Trust 7295
—
Deed Of Trust
related
$2,930,000 · Centerbank
—
—
Chicago Food Prop LLC Series T
—
Deed Of Trust
related
$3,000,000 · Bank Of Hope
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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