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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Retail space
613 Adams St Chicago, IL 60661
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-1382185
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1904
Total area
6,200 SF
Lot
0.11 ac (4,796 SF)
APN
17-16-111-017
UPID
US28-1382185
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
$1.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
Gardiner Investments LLC · 2 yrs held
Gardiner Investments LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+64.3%
Apartment house (5+ units)
$1.1M
+18.2%
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%
$1,430,000
6.5%
$1,320,000
7%
$1,225,000
Alternative Use
Use
Estimation
RETAIL STORES
$900,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,480,000
Change: +64% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,065,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$745,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$157 / 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
$69,829
Tax year 2022
Assessed value
$338,343
Assessed 2022
Previous assessed
$338,343
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$71,940
Assessed improvement
$266,403
Land market value
$287,760
Improvement market value
$1,065,612
Total market value
$1,353,372
Applied tax rate
77,109.0000
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
1904
Heating
NONE
Stories
3
Total area
6,200 SF
Lot
0.11 ac (4,796 SF)
APN
17-16-111-017
UPID
US28-1382185
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
$900,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$745,000
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
1904
Heating
NONE
Stories
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Gardiner Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
611 W ADAMS ST, CHICAGO, IL 60661-3799
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
—
Gardiner Investments LLC
—
Deed
related
$1,105,800 · Verve A Cu
Aug 31, 2023
—
Gardiner Investments LLC
Chicago Title Land Trust Company
Deed
—
Aug 14, 2020
—
Gardiner Investments LLC
—
Deed
related
$1,105,800 · Verve
Jan 14, 2019
—
Gardiner Investments LLC
—
Grant Deed
related
$1,818,338 · South Ctrl Bk NA
Nov 29, 2016
—
Trust 1106336
—
Trustees Deed
related
$100,000 · South Ctrl Bk NA
Jan 14, 1999
$1,005,000
Chicago Title Land Trt Co Ttee
Susan Realty Co
Grant Deed
$1,004,000 · Citibank Fsb
—
—
Trust 1106336
—
Deed Of Trust
related
$1,300,000 · First Bank
—
—
Trust 1106336
—
Deed Of Trust
related
$1,105,800 · South Central Bank NA
—
—
Gardiner Investments LLC
—
Deed Of Trust
related
$1,105,800 · Verve
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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