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Property profile & analytics
OFF-MARKET
Industrial properties
721 Custer Ave, Evanston, IL 60202-2624
Trust Owned
27-yr Hold
~
Est. High Equity
Property ID
US28-1321177
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1905
Lot
0.16 ac (6,930 SF)
APN
11-19-406-002
UPID
US28-1321177
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
-
ERDCO Engineering Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chicago Title Land Trust Co Tt · 27 yrs held
Chicago Title Land Trust Co Tt
since 1999
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 Evanston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evanston 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
—
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
$60,589
Tax year 2022
Assessed value
$257,499
Assessed 2022
Previous assessed
$222,500
+15.7% YoY
Effective rate
23.53%
On assessed value
Assessed land
$21,656
Assessed improvement
$235,843
Land market value
$86,624
Improvement market value
$943,372
Total market value
$1,029,996
Applied tax rate
17,007.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1905
Heating
NONE
Lot
0.16 ac (6,930 SF)
APN
11-19-406-002
UPID
US28-1321177
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
1905
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Chicago Title Land Trust Co Tt
Trust
Mailing address
PO BOX 6318, EVANSTON, IL 60204-6318
Ownership since
1999
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
May 3, 1999
—
Chicago Title Land Trust Co Tt
Erdco Engineering Corp
Quit Claim Deed
related
—
—
—
Chicago Title Land Tr Co Ttee
—
Deed Of Trust
related
$420,000 · Harris Trust & Savings Bank
—
—
Trust 1107124
—
Deed Of Trust
related
$100,000 · Us Bank NA
—
—
Chicago Title Land Tr Co Ttee
—
Deed Of Trust
related
$433,000 · Harris Trust & Savings Bank
—
—
Chicago Title Land Tr Co Ttee
—
Deed Of Trust
related
$473,000 · Harris Trust & Savings Bank
—
—
Chicago Title Land Trust Co Tt
—
Deed Of Trust
related
$600,000 · Northbrook Bank & Trust Co
—
—
Trust 1107124
—
Deed Of Trust
related
$580,000 · Us Bank NA
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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