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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Residential income homes
714 Elizabeth St, Chicago, IL 60642-0032
Individually Owned
10-yr Hold
Property ID
US28-2115827
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1888
Construction
FRAME
Total area
2,928 SF
Lot
0.06 ac (2,400 SF)
APN
17-08-105-039
UPID
US28-2115827
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
by Request
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$411k
Blend (final)
Blend
$585k
Owner & transaction history
Brian C Oconnell · 10 yrs held
Brian C Oconnell
since 2016
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$875,000
Current use
RETAIL STORES
$785,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$200 / 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
$14,398
Tax year 2022
Assessed value
$70,000
Assessed 2022
Previous assessed
$70,000
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$14,400
Assessed improvement
$55,600
Land market value
$144,000
Improvement market value
$556,000
Total market value
$700,000
Applied tax rate
77,001.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1888
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
3
Units
3
Bathrooms
3
Total area
2,928 SF
Lot
0.06 ac (2,400 SF)
APN
17-08-105-039
UPID
US28-2115827
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$875,000
RETAIL STORES
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1888
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
3
Units
3
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Brian C Oconnell
Individual
Mailing address
1834 W WELLINGTON AVE, CHICAGO, IL 60657-4033
Ownership since
2016
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
Feb 9, 2016
—
Brian C Oconnell
Oconnell,brian C
Quit Claim Deed
related
—
Dec 22, 2000
—
Brian O'connell
Rosenberg,bennett
Grant Deed
$434,000 · National City Mortgage Service
Jun 25, 1999
—
Rosenberg,trust
Rosenberg Trust
Quit Claim Deed
related
$351,400 · Corley Financial Corp
Sep 24, 1998
—
Bennett Rosenberg
—
Grant Deed
related
$285,000 · Brickyard Bank
Aug 17, 1998
$120,000
Winston,mark
Foreclosure Prevention Assoc
Trustees Deed
—
Aug 17, 1998
—
Forclosure Prevention Assoc
Judicial Sales Corp
Trustees Deed
related
—
—
—
Brian C O'connell
—
Deed Of Trust
related
$455,000 · Pnc Mortgage
—
—
Brian O'connell
—
Deed Of Trust
related
$442,500 · Washington Mutual Fsb
—
—
Brian C O'connell
—
Deed Of Trust
related
$499,300 · National City Mortgage Co
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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