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Property profile & analytics
OFF-MARKET
Estimated value
$13,190,000
Retail space
6323 Avondale Ave Chicago, IL 60631-1962
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1730940
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1955
Total area
78,700 SF
Lot
3.62 ac (157,687 SF)
APN
12-01-206-022
UPID
US28-1730940
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
-
Avondale Office Center Professional Services
-
Gamboa Locksmith Service Locksmith
-
Julie A. Ruzycki, Psy.D. Physician Medical Clinic
-
Marshall & Ruzycki Physician Medical Clinic
-
The Center for Applied Psychology And Forensic Studies Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.75M
Comparable Approach
Comparable
$13.23M
Blend (final)
Blend
$13.19M
Owner & transaction history
Highland Avondale Prop LLC · 6 yrs held
Highland Avondale Prop LLC
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.8M
+109.8%
Apartment house (5+ units)
$18.6M
+107.1%
Office building
$10.6M
+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%
$18,145,000
6.5%
$16,750,000
7%
$15,555,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,970,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,815,000
Change: +110% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$18,575,000
Change: +107% · Conversion: Difficult
OFFICE BUILDING
$10,600,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,425,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$13.19M
Range $11.87M – $14.51M · ±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
$168 / 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
$581,919
Tax year 2022
Assessed value
$2,829,211
Assessed 2022
Previous assessed
$2,843,283
-0.5% YoY
Effective rate
20.57%
On assessed value
Assessed land
$473,004
Assessed improvement
$2,356,207
Land market value
$1,892,016
Improvement market value
$9,424,828
Total market value
$11,316,844
Applied tax rate
71,001.0000
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
1955
Heating
NONE
Stories
2
Total area
78,700 SF
Lot
3.62 ac (157,687 SF)
APN
12-01-206-022
UPID
US28-1730940
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
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.6M
OFFICE BUILDING
Est. value
$10.6M
AUTO REPAIR, GARAGE
Est. value
$9.4M
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
1955
Heating
NONE
Stories
2
Lot
3.62 ac
Current owner
From public records · entity-resolved
Highland Avondale Prop LLC
Entity
Mailing address
6323 N AVONDALE AVE STE #107, CHICAGO, IL 60631-1958
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2019
—
Highland Avondale Prop LLC
—
Grant Deed
related
$1,620,000 · Briar Cap R/e Fund LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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