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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Retail space
6424 Western Ave Chicago, IL 60645-5422
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2570196
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1933
Total area
6,600 SF
Lot
0.12 ac (5,400 SF)
APN
10-36-431-020
UPID
US28-2570196
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
-
Badri Devan Banquet Wedding Service
-
Mount Carmel Prayer Fellowship Church Mosque
-
Penny Profit Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$880k
Owner & transaction history
Muhammed A Baig · 22 yrs held
Muhammed A Baig
since 2003
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+16.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,005,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,165,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$133 / 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
$29,221
Tax year 2022
Assessed value
$121,826
Assessed 2022
Previous assessed
$121,826
+0.0% YoY
Effective rate
23.99%
On assessed value
Assessed land
$22,612
Assessed improvement
$99,214
Land market value
$90,448
Improvement market value
$396,856
Total market value
$487,304
Applied tax rate
75,014.0000
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
1933
Heating
NONE
Stories
2
Total area
6,600 SF
Lot
0.12 ac (5,400 SF)
APN
10-36-431-020
UPID
US28-2570196
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
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$890,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1933
Heating
NONE
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Muhammed A Baig
Individual
Mailing address
8938 KOLMAR AVE, SKOKIE, IL 60076-1836
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Jun 11, 2012
—
Baig,muhammad A
—
Trustees Deed
related
$660,000 · Millennium Bk
Aug 6, 2010
—
Muhammad A Baig
—
Trustees Deed
related
$200,000 · United Central Bank
Oct 24, 2007
—
Muhammad A Baig
—
Trustees Deed
related
$500,000 · Mutual Bank
Oct 7, 2003
—
Muhammed A Baig
Rogers Park West Ridge Histori
Grant Deed
$451,500 · Mutual Bank
—
—
Muhammad A Baig
—
Loan Modification
related
—
—
—
Muhammed A Baig
—
Deed Of Trust
related
—
—
—
Pk W Ridge Historical Rogers
—
Deed Of Trust
related
$174,776 · Devon Bank
—
—
Muhammed A Baig
—
Loan Modification
related
—
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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