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Property profile & analytics
OFF-MARKET
Retail space
7321 Lawrence Ave, Harwood Heights, IL 60706
Trust Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0979368
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Lot
0.06 ac (2,700 SF)
APN
12-13-205-004
UPID
US28-0979368
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lakeside Bank Trustee · 23 yrs held
Lakeside Bank Trustee
since 2002
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 Harwood Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harwood Heights 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
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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
$11,869
Tax year 2022
Assessed value
$50,796
Assessed 2022
Previous assessed
$55,330
-8.2% YoY
Effective rate
23.37%
On assessed value
Assessed land
$12,150
Assessed improvement
$38,646
Land market value
$48,600
Improvement market value
$154,584
Total market value
$203,184
Applied tax rate
26,036.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Lot
0.06 ac (2,700 SF)
APN
12-13-205-004
UPID
US28-0979368
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
1997
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Lakeside Bank Trustee
Trust
Mailing address
4242 N CENTRAL AVE, CHICAGO, IL 60634-1810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
36 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2017
—
Trust 10-2394
—
Grant Deed
related
$2,350,000 · Lakeside Bk
Jul 9, 2010
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Trust 10-2394
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Trustees Deed
related
$400,000 · Lakeside Bank
Jul 31, 2002
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Lakeside Bank Trustee
First American Bank Trustee
Grant Deed
related
$3,500,000 · Lakeside Bank
Sep 24, 1999
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First American Bank Trustee
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Deed Of Trust
related
$4,705,927 · First American Savings Bank
Aug 27, 1998
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First American Bank Trustee
Parkway Bank & Trust Co Ttee
Deed Of Trust
related
$4,300,000 · First American Savings Bank
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Trust 10-2394
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Loan Modification
related
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Trust 10-2394
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Loan Modification
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Trust 10-2394
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Trust 10-2394
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Trust No 10-2394
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Trust No 10-2394
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Trust No 10-2394
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Trust Number10-2394
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Loan Modification
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Trust 10-2394
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Deed Of Trust
related
$400,000 · Lakeside Bank
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Trust 10-2394
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Deed Of Trust
related
$400,000 · Lakeside Bank
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Trust No 10-2394
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Loan Modification
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Trust No 10-2394
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Trust No 10-2394
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Known As Trust No 10-2394
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Loan Modification
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Trust 10-2394
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Deed Of Trust
related
$400,000 · Lakeside Bank
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Trust 10-2394
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Deed Of Trust
related
$400,000 · Lakeside Bank
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Trust 10-2394
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Loan Modification
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Trust Number 10-2394
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Trust No 10-2394
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Trust 10-2394
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Deed Of Trust
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$400,000 · Lakeside Bank
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Trust 10-2394
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Loan Modification
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Chicago Title Land Tr Trust
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Loan Modification
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Trust 10-2394
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Trust 10-2394
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Loan Modification
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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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