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Property profile & analytics
FOR SALE
Auto shops
6154 111Th St, Chicago Ridge, IL 60415
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1485064
For Sale
1 / 5
$1,333,333
6154 111Th St, Chicago Ridge, IL 60415
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1965
Lot
0.43 ac (18,828 SF)
APN
24-17-308-002
UPID
US28-1485064
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
-
A & R AUTO REPAIR Auto Repair Shop
-
Joe's Auto Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
L2 Equities LLC · 1 yrs held
L2 Equities LLC
since 2024
Last sale
$695,000
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 Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago Ridge 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
$695,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $695k (Oct 9 2024)
Last sale anchor
$695k
Oct 9 2024
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
$19,395
Tax year 2022
Assessed value
$49,502
Assessed 2022
Previous assessed
$49,502
+0.0% YoY
Effective rate
39.18%
On assessed value
Assessed land
$30,595
Assessed improvement
$18,907
Land market value
$122,380
Improvement market value
$75,628
Total market value
$198,008
Applied tax rate
39,032.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1965
Heating
NONE
Stories
1
Lot
0.43 ac (18,828 SF)
APN
24-17-308-002
UPID
US28-1485064
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
0.43 ac
Current owner
From public records · entity-resolved
L2 Equities LLC
Entity
Mailing address
1 OVERLOOK PT STE #105, LINCOLNSHIRE, IL 60069-4303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 28, 2025
—
L2 Equities Chicago Ridge LLC
—
Deed
related
$945,000 · Midland States Bank
Oct 9, 2024
$695,000
L2 Equities LLC
Rjt2 LLC
Special Warranty Deed
$650,000 · Tower Real Estate Fund I LLC
Apr 27, 2022
—
Rjt2 LLC
Richard J Terese
Quit Claim Deed
related
—
Jul 15, 2021
$400,000
Richard J Terese
First Secure Bank And Trust Co
Deed
$375,000 · Giuseppe Lattorre Etal
—
—
First State Bank & Trust Ttee
—
Deed Of Trust
related
$163,667 · First State Bk & Tr Palos Hill
—
—
Trust 3-379
—
Deed Of Trust
related
—
—
—
Chicago Title Land Trust Co
—
Deed Of Trust
related
—
—
—
Trust 3-379
—
Deed Of Trust
related
$53,062 · Family Bank & Trust Co
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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