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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail space
7425 Irving Park Rd, Chicago, IL 60634-2139
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2643310
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1958
Total area
2,200 SF
Lot
0.09 ac (3,741 SF)
APN
12-24-203-001
UPID
US28-2643310
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
-
Meadows Plastic Surgery Physician Medical Clinic
-
Bohdan Fedirko MD Physician
-
MD Medical Aesthetics & Wellness Medical Clinic
-
Dr. Maria Derylo Physician
-
MD FAMILY MEDICAL PRACTICE Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$386k
Blend (final)
Blend
$570k
Owner & transaction history
Cardiovascular Service Assc Ltd INC · 2 yrs held
Cardiovascular Service Assc Ltd INC
since 2024
Last sale
$570,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$525,000
+103.0%
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
$570,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +103% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $570k (Feb 15 2024)
Last sale anchor
$570k
Feb 15 2024
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
$259 / 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
$18,866
Tax year 2022
Assessed value
$91,722
Assessed 2022
Previous assessed
$91,722
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$16,834
Assessed improvement
$74,888
Land market value
$67,336
Improvement market value
$299,552
Total market value
$366,888
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1958
Heating
NONE
Stories
1
Total area
2,200 SF
Lot
0.09 ac (3,741 SF)
APN
12-24-203-001
UPID
US28-2643310
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
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
1958
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Cardiovascular Service Assc Ltd INC
Entity
Mailing address
4560 SWSW HWY APT 3B, OAK LAWN, IL 60453-1869
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
—
Cardiovascular Service Assc Ltd INC
Irving Park Office LLC
Quit Claim Deed
related
$510,000 · Bank Of America NA
Jul 28, 2011
$570,000
Irving Park Office LLC
Fcof Indigo Il LLC
Grant Deed
$745,000 · Ridgestone Bank
Aug 20, 2010
—
Fcof Indigo Il LLC
Trust 126585
Grant Deed
related
—
Sep 25, 2000
—
Lasalle Bank NA Trustee
Upton,arthur I & Pearl
Grant Deed
related
—
—
—
Irving Park Office LLC
—
Deed Of Trust
related
$315,000 · Ridgestone Bank
—
—
Yaya Too LLC
—
Deed Of Trust
related
$656,000 · American Nat'l Bk & Tr Chicago
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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