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Property profile & analytics
FOR SALE
Banks
7192 W Grand Ave, Chicago, IL 60707
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-1084253
For Sale
1 / 2
$349,000
7192 W Grand Ave, Chicago, IL 60707
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2008
Total area
12,600 SF
Lot
0.31 ac (13,401 SF)
APN
13-30-324-024
UPID
US28-1084253
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
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$893k
Blend (final)
Blend
$655k
Owner & transaction history
Jp Morgan Chase Bk NA · 9 yrs held
Jp Morgan Chase Bk NA
since 2017
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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$52 / 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
$48,421
Tax year 2022
Assessed value
$235,416
Assessed 2022
Previous assessed
$235,416
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$60,304
Assessed improvement
$175,112
Land market value
$241,216
Improvement market value
$700,448
Total market value
$941,664
Applied tax rate
71,001.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
2008
Heating
NONE
Stories
2
Total area
12,600 SF
Lot
0.31 ac (13,401 SF)
APN
13-30-324-024
UPID
US28-1084253
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
2008
Heating
NONE
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Jp Morgan Chase Bk NA
Individual
Mailing address
7192 W GRAND AVE, CHICAGO, IL 60707-2808
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2017
$4,465,000
Jp Morgan Chase Bk NA
Meisels Wolf & R Trust
Grant Deed
related
—
Oct 25, 2013
—
Meisels,wolf & R Living Trust
Meisels,wolf & Rachel
Quit Claim Deed
related
—
Jun 13, 2013
$3,423,500
Wolf Meisels
Harlem & Grand LLC
Grant Deed
$1,350,000 · First Security Tr & Sav Bank
Jun 15, 2007
—
Harlem & Grand LLC
Trust 01-3815
Grant Deed
related
—
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$300,000 · Americaunited Bank & Trust Co
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$200,000 · Americaunited Bank & Trust Co
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$200,000 · Americaunited Bank & Trust 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.
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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