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Property profile & analytics
OFF-MARKET
Estimated value
$16,485,000
Industrial properties
6115 Monroe Ct 27, Morton Grove, IL 60053-3200
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-1182638
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Lot
6.54 ac (284,882 SF)
APN
10-20-301-031
UPID
US28-1182638
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
-
svitcs Consultant
-
The Painted Penguin Corporate Office
-
Bartlett Shower Doors Hardware & Home Improvement Production Facility
-
Svotcs Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.49M
Owner & transaction history
Bntr 6 123 6227 Monroe Court LLC · 4 yrs held
Bntr 6 123 6227 Monroe Court LLC
since 2021
Last sale
$17.2M
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 Morton Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton Grove 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
$15,160,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.49M
Range $14.84M – $18.13M · ±10% · vs last sale $17.15M (Nov 16 2021)
Last sale anchor
$17.15M
Nov 16 2021
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
—
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
$433,401
Tax year 2022
Assessed value
$1,574,812
Assessed 2022
Previous assessed
$1,280,881
+22.9% YoY
Effective rate
27.52%
On assessed value
Assessed land
$605,790
Assessed improvement
$969,022
Land market value
$2,423,160
Improvement market value
$3,876,088
Total market value
$6,299,248
Applied tax rate
24,017.0000
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
1973
Heating
NONE
Lot
6.54 ac (284,882 SF)
APN
10-20-301-031
UPID
US28-1182638
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
1973
Heating
NONE
Lot
6.54 ac
Current owner
From public records · entity-resolved
Bntr 6 123 6227 Monroe Court LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8755 W HIGGINS RD STE #700, CHICAGO, IL 60631-2746
Ownership since
2021
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
May 12, 2025
—
Bntr 6123 6227 Monroe Court LLC
—
Deed
related
$62,000,000 · Vip Gp Ltd
Dec 29, 2022
—
Bntr 6123 6227 Monroe Court LLC
—
Deed
related
$11,684,821 · Citibank NA
Nov 16, 2021
$17,150,000
Bntr 6 123 6227 Monroe Court LLC
Monroe Court Venture LLC
Special Warranty Deed
—
Feb 28, 2019
—
Monroe Court Venture LLC
—
Grant Deed
related
$8,125,000 · Old Second Nat'l Bk
Oct 12, 2016
$6,084,500
Monroe Court Venture LLC
6227 Monroe Court LLC
Grant Deed
related
$6,243,349 · First Midwest Bk
Oct 19, 2015
$2,900,000
6227 Monroe Court LLC
Trust 806
Grant Deed
$4,259,797 · Private Individual
—
—
Trust 806
—
Loan Modification
related
$3,462,001 · First Midwest Bk
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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