New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Retail residential properties
7023 Clark St 31, Chicago, IL 60626-5262
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2319355
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1919
Total area
7,300 SF
Lot
0.22 ac (9,630 SF)
APN
11-31-212-002
UPID
US28-2319355
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
-
ATM Atm Cars
-
Supermercado Amigo Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
7023 31 N Clark LLC · 4 yrs held
7023 31 N Clark LLC
since 2022
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
$179 / 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
$27,211
Tax year 2022
Assessed value
$122,736
Assessed 2022
Previous assessed
$122,736
+0.0% YoY
Effective rate
22.17%
On assessed value
Assessed land
$16,130
Assessed improvement
$106,606
Land market value
$161,300
Improvement market value
$1,066,060
Total market value
$1,227,360
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1919
Heating
NONE
Stories
2
Total area
7,300 SF
Lot
0.22 ac (9,630 SF)
APN
11-31-212-002
UPID
US28-2319355
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
1919
Heating
NONE
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
7023 31 N Clark LLC
Entity
Mailing address
9263 NAGLE AVE, MORTON GROVE, IL 60053-1429
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
—
7023 31 N Clark LLC
Armando Perez
Deed
—
Dec 16, 2020
—
Armando Perez
Estela Perez
Affidavit Of Death
related
—
Jun 20, 2016
—
Armando Perez
—
Deed
related
$800,000 · Itasca Bk&tr
Jan 5, 2009
—
Armando Perez
—
Trustees Deed
related
$10,000 · First Commercial Bank
Feb 16, 1999
$725,000
Armando Perez
Devon Bank Ttee
Grant Deed
$512,000 · First Commercial Bank
—
—
Armando Perez
—
Deed Of Trust
related
$700,000 · Itasca Bk&tr
—
—
Armando Perez
—
Deed Of Trust
related
$690,000 · First Commercial Bank
—
—
Armando Perez
—
Loan Modification
related
$800,000 · Itasca Bk&tr
—
—
Armando Perez
—
Deed Of Trust
related
$100,000 · First Commercial Bank
—
—
Armando Perez
—
Deed Of Trust
related
$635,000 · First Commercial 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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