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Property profile & analytics
OFF-MARKET
Retail space
700 31st St, Chicago, IL 60616-3007
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0254295
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1888
Total area
1,500 SF
Lot
0.06 ac (2,664 SF)
APN
17-28-327-045
UPID
US28-0254295
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
-
LD Audio Tech Support Center Rental Equipment Company
-
Pancho Pistolas Authentic Mexican Restaurant Restaurant
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
Luis Garcia · 2 yrs held
Luis Garcia
since 2023
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
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
$23,756
Tax year 2022
Assessed value
$115,500
Assessed 2022
Previous assessed
$115,500
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$13,320
Assessed improvement
$102,180
Land market value
$53,280
Improvement market value
$408,720
Total market value
$462,000
Applied tax rate
76,001.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1888
Heating
NONE
Stories
2
Total area
1,500 SF
Lot
0.06 ac (2,664 SF)
APN
17-28-327-045
UPID
US28-0254295
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
1888
Heating
NONE
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Luis Garcia
Individual
Mailing address
700 W 31ST ST, CHICAGO, IL 60616-3007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2023
—
Luis Garcia
Guadalupe Chavez
Deed
—
Aug 6, 2007
—
Guadalupe Chavez
Chavez,guadalupe & Librado
Quit Claim Deed
related
$300,000 · North Community Bank
Dec 10, 1999
—
Guadalupe Chavez
Chavez,guadalupe
Quit Claim Deed
related
$130,000 · Advance Bank Sb
Jul 8, 1999
—
Guadalupe Chavez
Martinez,victor & Alicia
Grant Deed
related
—
Feb 24, 1998
$160,000
Rodolfo Medina
Cole Taylor Bank Trustee
Quit Claim Deed
related
—
—
—
Victor Martinez
—
Deed Of Trust
related
$13,600 · Cole Taylor Bank
—
—
Librado Chavez
—
Deed Of Trust
related
$268,750 · Archer Bank
—
—
Librado Chavez
—
Deed Of Trust
related
$95,000 · Archer Bank
—
—
Guadalupe Chavez
—
Deed Of Trust
related
$357,642 · North Community 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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