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Property profile & analytics
OFF-MARKET
Estimated value
$3,305,000
Industrial properties
6701 Frst Preserve Ave, Chicago, IL 60634-1470
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1683831
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Total area
61,900 SF
Lot
5.58 ac (243,065 SF)
APN
13-18-409-045
UPID
US28-1683831
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.10M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$3.31M
Owner & transaction history
The Elis Cheesecake Company · 2 yrs held
The Elis Cheesecake Company
since 2024
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 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%
$4,440,000
6.5%
$4,100,000
7%
$3,805,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,770,000
Current use
Blend value · Realmo final
$3.31M
Range $2.97M – $3.64M · ±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
$53 / 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
$172,831
Tax year 2022
Assessed value
$840,282
Assessed 2022
Previous assessed
$840,282
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$425,713
Assessed improvement
$414,569
Land market value
$1,702,852
Improvement market value
$1,658,276
Total market value
$3,361,128
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Total area
61,900 SF
Lot
5.58 ac (243,065 SF)
APN
13-18-409-045
UPID
US28-1683831
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.8M
INDUSTRIAL (GENERAL) Current
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
1996
Heating
NONE
Stories
1
Lot
5.58 ac
Current owner
From public records · entity-resolved
The Elis Cheesecake Company
Entity
Mailing address
6701 W FRST PRESERVE AVE, CHICAGO, IL 60634-1470
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
—
The Elis Cheesecake Company
—
Deed
related
$5,500,000 · Somercor 504 INC
Sep 11, 2023
—
The Elis Cheesecake Company
—
Deed
related
$5,355,000 · Libertyville Bank & Trust Co
Oct 19, 2020
—
Elis Cheesecake Co
—
Deed
related
$25,850,000 · Huntington Nat'l Bk
May 22, 2018
—
Elis Cheesecake Co LLC
—
Deed
related
$1,100,000 · Huntington Nat'l Bk
Aug 5, 2014
—
Elis Cheesecake Co
—
Loan Modification
related
$9,255,000 · Cole Taylor Bk
Jun 4, 2013
—
Elis Cheesecake Co
—
Loan Modification
related
$10,239,900 · Cole Taylor Bank
Feb 10, 2012
—
Elis Cheesecake Co
—
Loan Modification
related
$12,025,000 · Cole Taylor Bank
Oct 13, 2011
—
Elis Cheesecake Co
—
Deed Of Trust
related
$8,300,000 · Cole Taylor Bk
Aug 25, 2009
—
Elis Cheesecake Co
—
Deed Of Trust
related
$9,672,259 · Park National Bank
Sep 18, 2008
—
Elis Cheesecake Co
—
Trustees Deed
related
$57,260 · Park National Bank
May 2, 2008
—
Elis Cheesecake Co
—
Grant Deed
related
$6,200,000 · Park National Bank
Jun 4, 2004
—
Elis Cheesecake Co
—
Deed Of Trust
related
$8,645,734 · Lasalle National Bank
Jul 7, 1999
—
Elis Cheesecake Co
—
Deed Of Trust
related
$6,455,000 · American Nat'l Bk & Tr Chicago
—
—
Elis Cheesecake Co
—
Deed Of Trust
related
$10,025,000 · Cole Taylor Bank
—
—
Elis Cheesecake Co
—
Loan Modification
related
$4,750,000 · Cole Taylor Bank
—
—
Elis Cheesecake Co
—
Loan Modification
related
$9,423,092 · Mb Fin'l Bk
—
—
Elis Cheesecake Co
—
Deed Of Trust
related
$2,250,000 · American Nat'l Bk & Tr Chicago
—
—
Elis Cheesecake Co LLC
—
Deed Of Trust
related
$1,100,000 · Huntington Nat'l Bk
—
—
Elis Cheesecake Co
—
Loan Modification
related
$25,850,000 · Huntington Nat'l Bk
—
—
Elis Cheesecake Co
—
Deed Of Trust
related
$277,000 · Us Bank NA
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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