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Property profile & analytics
OFF-MARKET
Retail space
692 Milwaukee Ave, Chicago, IL 60642
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US28-0056433
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2004
Total area
1,600 SF
Lot
0.05 ac (2,210 SF)
APN
17-08-219-013
UPID
US28-0056433
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
688 Milwaukee Adventures LLC · 19 yrs held
688 Milwaukee Adventures LLC
since 2006
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$13,819
Tax year 2022
Assessed value
$64,526
Assessed 2022
Previous assessed
$62,944
+2.5% YoY
Effective rate
21.42%
On assessed value
Assessed land
$16,575
Assessed improvement
$47,951
Land market value
$66,300
Improvement market value
$191,804
Total market value
$258,104
Applied tax rate
77,062.0000
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
2004
Heating
NONE
Stories
1
Total area
1,600 SF
Lot
0.05 ac (2,210 SF)
APN
17-08-219-013
UPID
US28-0056433
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
2004
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
688 Milwaukee Adventures LLC
Entity
Mailing address
1765 N ELSTON AVE STE #226, CHICAGO, IL 60642-1501
Ownership since
2006
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
Apr 2, 2025
—
688 Milwaukee Adventures LLC
—
Deed
related
$6,975,000 · Hoyne Savings Bank
Nov 1, 2024
—
688 Milwaukee Adventures LLC
—
Deed
related
$3,475,000 · Hoyne Savings Bank
Apr 14, 2023
—
688 Millwaukee Adventures LLC
—
Deed
related
$2,732,000 · American Commercial Bank & Trust NA
Aug 13, 2020
—
688 Milwaukee Adventures LLC
—
Deed
related
$2,914,027 · Byline Bk
Aug 28, 2006
$340,000
688 Milwaukee Adventures LLC
Trust 1634
Grant Deed
$3,656,700 · Community Bk/oak Pk Riv Forest
—
—
688 Milwaukee Adventures LLC
—
Loan Modification
related
$2,914,027 · Byline 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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