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Property profile & analytics
FOR SALE
Retail space
6647 S Western Ave Chicago, IL 60636
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2257701
For Sale
1 / 2
$1,678,662
6647 S Western Ave, Chicago, IL 60636
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Total area
8,700 SF
Lot
0.47 ac (20,656 SF)
APN
20-19-123-044
UPID
US28-2257701
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.52M
Owner & transaction history
Monica LLC · 4 yrs held
Monica LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.1M
+54.9%
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
$1,445,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
$2,005,000
6.5%
$1,850,000
7%
$1,720,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,345,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,080,000
Change: +55% · Conversion: Moderate
OFFICE BUILDING
$1,170,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.77M (May 26 2022)
Last sale anchor
$1.77M
May 26 2022
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
$174 / 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
$29,498
Tax year 2022
Assessed value
$143,415
Assessed 2022
Previous assessed
$143,415
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$73,587
Assessed improvement
$69,828
Land market value
$294,348
Improvement market value
$279,312
Total market value
$573,660
Applied tax rate
72,001.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1926
Heating
NONE
Stories
1
Total area
8,700 SF
Lot
0.47 ac (20,656 SF)
APN
20-19-123-044
UPID
US28-2257701
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
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1926
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Monica LLC
Entity
Mailing address
4308 CONTESSA CT, LEXINGTON, KY 40515-1428
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$1,765,000
Monica LLC
Western & Marquette LLC
Special Warranty Deed
$1,323,750 · Lakeside Bank
May 18, 2022
—
Western & Marquette LLC
—
Deed
related
$4,480,000 · Belmont Bank & Trust Company
Dec 11, 2019
—
Western & Marquette LLC
—
Deed
related
$100,000 · Marquette Bk
Sep 20, 2019
—
Western & Marquette LLC
—
Deed
related
$452,743 · Marquette Bk
May 8, 2013
—
Western & Marquette LLC
—
Deed Of Trust
related
$2,130,000 · Marquette Bank
Dec 13, 2011
—
Western & Marquette LLC
—
Trustees Deed
related
$625,000 · Marquette Bank
Oct 7, 2011
—
Western & Marquette LLC
—
Trustees Deed
related
$1,524,847 · Marquette Bank
Dec 7, 2010
—
Western & Marquette LLC
—
Grant Deed
related
$1,775,000 · Marquette Bank
Oct 27, 2010
—
Western & Marquette LLC
—
Trustees Deed
related
$1,416,780 · Marquette Bank
Jun 10, 2010
—
Western & Marquette LLC
Mag I Ventures LLC
Quit Claim Deed
related
—
May 12, 2010
—
Mag I Ventures LLC
—
Deed Of Trust
related
$20,000,000 · Marquette Bank
Feb 23, 2006
$900,000
Magi Ventures LLC
Earl Scheib Realty Corp
Deed Of Trust
related
$2,130,000 · Marquette Bank
—
—
Western & Marquette LLC
—
Deed Of Trust
related
$450,000 · Marquette Bk
—
—
Western & Marquette LLC
—
Deed Of Trust
related
—
—
—
Western & Marquette LLC
—
Deed Of Trust
related
$400,000 · Marquette Bank
—
—
Western & Marquette LLC
—
Deed Of Trust
related
$625,000 · Marquette Bank
—
—
Western & Marquette LLC
—
Deed Of Trust
related
$1,465,000 · Marquette Bank
—
—
Western & Marquette LLC
—
Deed Of Trust
related
$650,000 · Marquette Bank
—
—
Western & Marquette LLC
—
Deed Of Trust
related
$100,000 · Marquette Bk
—
—
Western & Marquette LLC
—
Deed Of Trust
related
$452,743 · Marquette Bk
—
—
Western & Marquette LLC
—
Deed Of Trust
related
—
—
—
Western & Marquette LLC
—
Deed Of Trust
related
$4,512,845 · Marquette Bk
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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