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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Commercial real estate
5896 Rdg Ave, Chicago, IL 60660
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-2031320
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Total area
7,400 SF
Lot
0.4 ac (17,309 SF)
APN
14-05-306-016
UPID
US28-2031320
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
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.43M
Owner & transaction history
Park View Rehab Center Realty · 11 yrs held
Park View Rehab Center Realty
since 2015
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%
$2,080,000
6.5%
$1,920,000
7%
$1,785,000
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$193 / 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
$494,445
Tax year 2022
Assessed value
$2,403,924
Assessed 2022
Previous assessed
$2,403,924
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$151,453
Assessed improvement
$2,252,471
Land market value
$605,812
Improvement market value
$9,009,884
Total market value
$9,615,696
Applied tax rate
73,020.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1974
Heating
NONE
Stories
3
Total area
7,400 SF
Lot
0.4 ac (17,309 SF)
APN
14-05-306-016
UPID
US28-2031320
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
1974
Heating
NONE
Stories
3
Lot
0.4 ac
Current owner
From public records · entity-resolved
Park View Rehab Center Realty
Entity
Mailing address
8153 LAWNDALE AVE, SKOKIE, IL 60076-3321
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Park View Rehab Ctr Realty LLC
—
Deed
related
$6,000,000 · Fifth Third Bk NA
Nov 2, 2020
—
Park View Rehab Ctr Realty LLC
—
Deed
related
$7,641,900 · Walker & Dunlop
May 1, 2015
$2,907,000
Park View Rehab Center Realty
Heritage Healthcare Centre LLC
Grant Deed
$6,000,000 · Mb Fin'l Bk
Mar 24, 2005
$1,408,000
Heritage Healthcare Centre LLC
Trust 55077
Grant Deed
$2,500,000 · Bank Financial Fsb
—
—
Heritage Healthcare Centre LLC
—
Deed Of Trust
related
$3,164,500 · Links Mortgage Corp
—
—
Heritage Healthcare Centre LLC
—
Deed Of Trust
related
$3,145,500 · Beech Street Capital LLC
—
—
Park View Rehab Ctr Realty LLC
—
Deed Of Trust
related
$7,641,900 · Walker & Dunlop
—
—
Park View Rehab Ctr Realty LLC
—
Loan Modification
related
$6,000,000 · Fifth Third Bk NA
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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