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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail space
6962 Clark St, Chicago, IL 60626-3221
Individually Owned
6-yr Hold
Free & Clear
Property ID
US28-1497323
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1923
Total area
3,400 SF
Lot
0.2 ac (8,700 SF)
APN
11-31-216-015
UPID
US28-1497323
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
$345k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$370k
Blend (final)
Blend
$570k
Owner & transaction history
Chicago Housing Services Ltd · 6 yrs held
Chicago Housing Services Ltd
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$815,000
+64.3%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$670,000
Alternative Use
Use
Estimation
RETAIL STORES
$495,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +64% · Conversion: Moderate
OFFICE BUILDING
$460,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$405,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$24,312
Tax year 2022
Assessed value
$109,659
Assessed 2022
Previous assessed
$109,659
+0.0% YoY
Effective rate
22.17%
On assessed value
Assessed land
$36,431
Assessed improvement
$73,228
Land market value
$145,724
Improvement market value
$292,912
Total market value
$438,636
Applied tax rate
75,010.0000
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
1923
Heating
NONE
Stories
2
Total area
3,400 SF
Lot
0.2 ac (8,700 SF)
APN
11-31-216-015
UPID
US28-1497323
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
$495,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
OFFICE BUILDING
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$405,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1923
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Chicago Housing Services Ltd
Individual
Free & Clear · 6 yrs held
Mailing address
432 DELAWARE CIR, BOLINGBROOK, IL 60440-1471
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2019
$375,000
Chicago Housing Services Ltd
Manchanda,harpaljit S & Chandermeek
Warranty Deed
related
—
Nov 29, 2012
$375,000
Harpaljit S Manchanda
Chicago Housing Services
Dual Purpose Document
$75,000 · Chicago Housing Services
Mar 27, 2001
$170,000
Harpaljit S Marchanda
Nanda,purshutas L & Rose M
Grant Deed
$237,500 · First Commercial Bank
—
—
Harpaljit S Manchanda
—
Deed Of Trust
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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