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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Residential income homes
717 California Ave, Chicago, IL 60612-3325
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-0280060
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1892
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,308 SF
Lot
0.07 ac (3,000 SF)
APN
16-13-404-020
UPID
US28-0280060
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
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$510k
Owner & transaction history
Chicago Hope Properites LLC · 1 yrs held
Chicago Hope Properites LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$790,000
+23.8%
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
by Request
ML approach
$310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$640,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$154 / 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
$8,255
Tax year 2022
Assessed value
$40,000
Assessed 2022
Previous assessed
$40,000
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$6,300
Assessed improvement
$33,700
Land market value
$63,000
Improvement market value
$337,000
Total market value
$400,000
Applied tax rate
77,104.0000
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
1892
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Units
3
Bathrooms
2
Total area
3,308 SF
Lot
0.07 ac (3,000 SF)
APN
16-13-404-020
UPID
US28-0280060
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
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS) Current
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
1892
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
3
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Chicago Hope Properites LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2189 W BOWLER ST, CHICAGO, IL 60612-4201
Mailing matches property
Yes
Owner-occupied
Yes
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
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2024
—
Chicago Hope Properites LLC
Hope Holdings LLC Cha
Quit Claim Deed
related
—
Nov 30, 2018
—
Hope Holdings LLC-cha
Hope Holdings LLC
Quit Claim Deed
related
—
May 29, 2015
—
Hope Holdings LLC
Righteous Oaks LLC
Quit Claim Deed
related
—
Nov 22, 2013
—
Hope Holdings LLC
Righteous Oaks LLC
Quit Claim Deed
related
—
Dec 5, 2012
$6,000
Righteous Oaks LLC
Soto,kelli
Warranty Deed
—
Sep 30, 2009
$9,500
Kelli S Geurink
Cwabs INC 2006-17
Grant Deed
—
Oct 6, 2008
—
Cwabs INC Series 2006-17
Kallen Realty Services INC
Trustees Deed
related
—
Aug 22, 2006
$425,000
Victorija Fedorenko
Marcelo Marcelino
Warranty Deed
$340,000 · Tamayo Financial Services INC
Feb 22, 2006
—
Marcelo Marcelino
Cavalheiro,ricardo C
Quit Claim Deed
related
—
Dec 30, 2005
$210,000
Ricardo Cavalheiro
Deutsche Bk Natl Trust Co
Grant Deed
$178,500 · Long Beach Mortgage Co
Jun 15, 2005
—
Argent Securities INC Asset Ba
Sheriff Of Cook County
Trustees Deed
related
—
Apr 23, 2004
—
Daniel Furlan
Carmona,samuel L
Quit Claim Deed
related
—
Apr 22, 2004
$305,000
Samuel Carmona
Batista,ricardo F
Grant Deed
$289,750 · Argent Mortgage Co LLC
Oct 24, 2003
—
Ricardo F Batista
Franca,marcelo F
Quit Claim Deed
related
—
Aug 19, 2003
—
Marcelo Franca
Discount Realty Services Ltd
Grant Deed
$142,500 · Chicago Capital Mortgage LLC
Jul 10, 2003
—
Discount Realty Services Ltd
Mae,fannie
Grant Deed
related
—
Nov 22, 2002
—
Federal National Mortgage Assn
Hucik
Trustees Deed
related
—
Aug 2, 2001
$267,000
Zdenek Hucik
Kaminski,pawel
Grant Deed
$247,950 · America's Wholesale Lender
Feb 22, 2001
$75,000
Pawel Kaminski
2703 West Polk Corp
Grant Deed
—
Feb 16, 2001
$30,000
3703 West Polk Corp
Bankers Trust California Ttee
Grant Deed
—
Jan 12, 2001
—
Provident Savings Bank
Edkridge,dwayne
Trustees Deed
related
—
Aug 26, 1999
$125,000
Dwayne Eskridge
Mcgary,lafayette
Grant Deed
$106,250 · Ncs Mortgage Services LLC
Jan 30, 1998
$50,000
Lafayette Mcgary
Midwest Partnership
Grant Deed
$82,000 · Nab Bank
—
—
Hope Holdings LLC
—
Deed Of Trust
related
$753,000 · Community Inv
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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