Property profile

7241 Howard St Chicago, IL 60631

OFF-MARKET
Residential income homes
Property ID
US28-0509599
2,187 SF 0.09 ac lot Built 1957
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1957
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,187 SF
Lot 0.09 ac (3,750 SF)
APN 09-25-406-007
UPID US28-0509599

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7241 Howard St Chicago, IL 60631-4445
Chicago metro Census 90100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
$560k
Comparable Approach Comparable
$583k
Blend (final) Blend
$585k

Owner & transaction history

since 2021
Last sale
$485,000
7 recorded transactions
2021
$485,000
2021
Price N/A
2004
Price N/A
2001
$375,000
2000
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $950,000 +84.5%
Neighborhood: shopping center $525,000 +1.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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