New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,565,000
Retail space
608 Roosevelt Rd, Chicago, IL 60607-4912
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1890023
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1949
Total area
24,400 SF
Lot
0.07 ac (3,100 SF)
APN
17-16-331-015
UPID
US28-1890023
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.57M
Owner & transaction history
606 W Roosevelt Chicago LLC · 24 yrs held
606 W Roosevelt Chicago LLC
since 2001
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$146 / 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
$33,362
Tax year 2022
Assessed value
$162,203
Assessed 2022
Previous assessed
$162,203
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$23,250
Assessed improvement
$138,953
Land market value
$93,000
Improvement market value
$555,812
Total market value
$648,812
Applied tax rate
77,035.0000
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
24,400 SF
Lot
0.07 ac (3,100 SF)
APN
17-16-331-015
UPID
US28-1890023
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
1949
Heating
NONE
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
606 W Roosevelt Chicago LLC
Entity
Mailing address
600 W VAN BUREN ST STE #1000, CHICAGO, IL 60607-3767
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2018
—
606 W Roosevelt Chicago LLC
—
Grant Deed
related
$2,000,000 · Wintrust Bk
Aug 2, 2001
—
606 W Roosevelt Chicago LLC
Clinton Corridor LLC
Grant Deed
related
—
Dec 16, 1999
—
Clinton Corridor LLC
Myrdon LLC
Grant Deed
$30,000,000 · First Bank & Trust Co Illinois
Feb 1, 1999
—
Myrdon LLC
Chicago Title Land Trust Ttee
Grant Deed
related
—
—
—
606 W Roosevelt LLC
—
Deed Of Trust
related
$2,100,000 · Belmont Bank & Trust
—
—
606 W Roosevelt Chicago LLC
—
Deed Of Trust
related
$2,100,000 · Mount Prospect National Bank
—
—
606 W Roosevelt Chicago LLC
—
Deed Of Trust
related
$2,200,000 · First National Bank
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.
Try Rey
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