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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Retail space
706 8th E 47th St, Chicago, IL 60653
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0174587
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1911
Total area
6,800 SF
Lot
0.18 ac (7,650 SF)
APN
20-03-427-032
UPID
US28-0174587
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
-
Haven Dental Studio Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$1.08M
Owner & transaction history
Haven Residential Homes LLC · 2 yrs held
Haven Residential Homes LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+64.3%
Apartment house (5+ units)
$1.2M
+22.8%
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
$1,115,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
$1,570,000
6.5%
$1,445,000
7%
$1,345,000
Alternative Use
Use
Estimation
RETAIL STORES
$990,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,625,000
Change: +64% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,215,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$815,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.05M (Sep 28 2023)
Last sale anchor
$1.05M
Sep 28 2023
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
$159 / 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
$42,002
Tax year 2022
Assessed value
$177,510
Assessed 2022
Previous assessed
$118,750
+49.5% YoY
Effective rate
23.66%
On assessed value
Assessed land
$17,212
Assessed improvement
$160,298
Land market value
$68,848
Improvement market value
$641,192
Total market value
$710,040
Applied tax rate
70,122.0000
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
1911
Heating
NONE
Stories
2
Total area
6,800 SF
Lot
0.18 ac (7,650 SF)
APN
20-03-427-032
UPID
US28-0174587
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
$990,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$815,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1911
Heating
NONE
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Haven Residential Homes LLC
Entity
Mailing address
1390 WEIR DR, SAINT PAUL, MN 55125
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
Sep 28, 2023
$1,048,000
Haven Residential Homes LLC
Sbs LLC
Warranty Deed
$2,983,076 · Platinum Bank
Oct 29, 2019
—
Sbs LLC
—
Deed
related
$1,315,000 · Patch Of Land Lndg
Oct 2, 2018
—
Sbs LLC
—
Deed
related
$1,100,000 · Patch Of Land Lndg
Aug 30, 2018
—
Sbs LLC
Smith,william
Quit Claim Deed
related
—
Apr 10, 2017
—
William Smith
Sbs LLC
Quit Claim Deed
related
—
May 24, 2004
$400,000
Sbs LLC
Cole Taylor Bank Trustee
Grant Deed
$360,000 · Shorebank
—
—
Sbs LLC
—
Deed Of Trust
related
$1,315,000 · Patch Of Land Lndg
—
—
Sbs LLC
—
Deed Of Trust
related
$1,100,000 · Patch Of Land Lndg
—
—
Sbs LLC
—
Deed Of Trust
related
$1,394,000 · Shorebank
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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