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Property profile & analytics
OFF-MARKET
Estimated value
$4,280,000
Retail residential properties
6979 Sheridan Rd, Chicago, IL 60626-3527
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1580402
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1927
Total area
3,600 SF
Lot
0.4 ac (17,580 SF)
APN
11-32-200-001
UPID
US28-1580402
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
$4.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$4.28M
Owner & transaction history
1145 Lunt I LLC · 2 yrs held
1145 Lunt I LLC
since 2024
Last sale
$4.3M
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
$4,280,000
ML approach
$4,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.28M
Range $3.85M – $4.71M · ±10% · vs last sale $4.28M (Mar 20 2024)
Last sale anchor
$4.28M
Mar 20 2024
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
$1,189 / 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
$68,697
Tax year 2022
Assessed value
$333,995
Assessed 2022
Previous assessed
$333,995
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$29,446
Assessed improvement
$304,549
Land market value
$294,460
Improvement market value
$3,045,490
Total market value
$3,339,950
Applied tax rate
75,001.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1927
Heating
NONE
Stories
3
Total area
3,600 SF
Lot
0.4 ac (17,580 SF)
APN
11-32-200-001
UPID
US28-1580402
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
1927
Heating
NONE
Stories
3
Lot
0.4 ac
Current owner
From public records · entity-resolved
1145 Lunt I LLC
Entity
Mailing address
1145 W LUNT AVE #61, CHICAGO, IL 60626-3595
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
$4,278,000
1145 Lunt I LLC
6981 N Sheridan INC
Warranty Deed
$700,000 · Jpmorgan Chase Bank NA
Jul 26, 2021
—
6981 N Sheridan INC
—
Deed
related
$700,000 · Jpmorgan Chase Bank NA
Aug 11, 2020
—
6981 N Sheridan INC
—
Deed
related
$3,960,000 · Jpmorgan Chase Bank NA
Mar 9, 2017
—
6981 N Sheridan INC
—
Trustees Deed
related
$3,480,000 · First Midwest Bk
Aug 4, 2016
—
6981 N Sheridan INC
—
Deed
related
$2,925,000 · Jpmorgan Chase Bank NA
May 28, 2009
—
6981 N Sheridan INC
—
Grant Deed
related
$1,370,000 · First Midwest Bank
Apr 25, 2005
—
6981 N Sheridan INC
—
Grant Deed
related
$1,200,000 · First Midwest Bank
Nov 9, 2004
—
6981 N Sheridan INC
Trust 002974
Grant Deed
related
—
Nov 7, 2000
$1,986,000
North Star Trust Co Trustee
Lasalle Bank NA Trustee
Grant Deed
$2,350,000 · Citibank Fsb
—
—
6981 N Sheridan INC
—
Deed Of Trust
related
$2,000,000 · J P Morgan Chase Bank
—
—
6981 N Sheridan INC
—
Deed Of Trust
related
$3,960,000 · Jp Morgan Chase Bk
—
—
6981 N Sheridan INC
—
Deed Of Trust
related
$2,925,000 · Jp Morgan Chase Bk
—
—
6981 N Sheridan INC
—
Deed Of Trust
related
$1,687,500 · Citibank Fsb
—
—
6981 N Sheridan INC
—
Deed Of Trust
related
$2,000,000 · J P Morgan Chase Bank
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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