New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,425,000
Industrial properties
6201 Park Ave, Morton Grove, IL 60053-2636
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0882255
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Lot
2.48 ac (108,029 SF)
APN
10-20-300-034
UPID
US28-0882255
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
-
Revive 360 Renovations Construction Company General Contractor
-
Ace Tree Removal Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.43M
Owner & transaction history
Mg Park Plaza INC · 2 yrs held
Mg Park Plaza INC
since 2024
Last sale
$5.4M
6 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
$5,425,000
ML approach
$5,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.43M
Range $4.88M – $5.97M · ±10% · vs last sale $5.43M (Mar 27 2024)
Last sale anchor
$5.43M
Mar 27 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
$224,497
Tax year 2022
Assessed value
$815,736
Assessed 2022
Previous assessed
$815,736
+0.0% YoY
Effective rate
27.52%
On assessed value
Assessed land
$229,480
Assessed improvement
$586,256
Land market value
$917,920
Improvement market value
$2,345,024
Total market value
$3,262,944
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
1991
Heating
NONE
Lot
2.48 ac (108,029 SF)
APN
10-20-300-034
UPID
US28-0882255
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
1991
Heating
NONE
Lot
2.48 ac
Current owner
From public records · entity-resolved
Mg Park Plaza INC
Entity
Mailing address
6203 PARK AVE, MORTON GROVE, IL 60053-2636
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
$5,425,000
Mg Park Plaza INC
Up Park Plaza LLC
Special Warranty Deed
$8,720,000 · Wintrust Bank NA
May 3, 2022
$4,672,500
Up Park Plaza LLC
Lehigh Industrial LLC
Special Warranty Deed
$22,896,250 · Wells Fargo Bank NA
Dec 30, 2020
$18,400,000
Lehigh Industrial LLC
Jpmcc 2007-ldp10-morton Grove
Grant Deed
$14,692,443 · Ch Sdf Lender LLC
Apr 18, 2018
—
Jpmcc 2007-ldp10-morton Grove
Crp Holdings C LP
Deed In Lieu Of Foreclosure
related
—
Apr 18, 2006
$3,906,000
Holdings C
Trust 108319-07
Grant Deed
related
—
—
—
American Natl Bk&tr Co Chg Tte
—
Deed Of Trust
related
$2,630,000 · Country Life Insurance 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6201 Park Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
