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Property profile & analytics
OFF-MARKET
Industrial properties
7501 Waukegan Rd, Niles, IL 60714-3731
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1837104
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Lot
0.22 ac (9,666 SF)
APN
10-30-305-021
UPID
US28-1837104
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
-
Modern Creations Construction Company General Contractor
-
Aqua's Perfect Home Services HVAC Service General Contractor
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
Minvi Properties LLC · 2 yrs held
Minvi Properties LLC
since 2024
Last sale
$410,000
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 Niles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niles 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
$13,145
Tax year 2022
Assessed value
$60,356
Assessed 2022
Previous assessed
$87,646
-31.1% YoY
Effective rate
21.78%
On assessed value
Assessed land
$32,018
Assessed improvement
$28,338
Land market value
$128,072
Improvement market value
$113,352
Total market value
$241,424
Applied tax rate
24,011.0000
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
1972
Heating
NONE
Lot
0.22 ac (9,666 SF)
APN
10-30-305-021
UPID
US28-1837104
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
1972
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
Minvi Properties LLC
Entity
Mailing address
7501 N WAUKEGAN RD, NILES, IL 60714-3731
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
$410,000
Minvi Properties LLC
Nicalyssa Investment LLC
Warranty Deed
—
May 11, 2020
$339,000
Nicalyssa Investment LLC
Trust Number 3116
Grant Deed
$403,100 · Merchants Bk/in
Apr 25, 2018
—
Chicago Title Land Trust Co
—
Deed
related
$200,000 · Millennium Bank
May 26, 2016
—
Brilliant Homes INC
—
Trustees Deed
related
$350,000 · Peloton Mortgage Fund LP
Jul 10, 2015
—
Trust 24-3116-00
—
Trustees Deed
related
$225,000 · Private Individual
Jul 9, 2015
—
Brilliant Homes INC
—
Trustees Deed
related
$225,000 · Private Individual
—
—
Trust 24-3116-00
—
Deed Of Trust
related
$120,000 · Pullman Bank & Trust Co
—
—
Trust 24-3116-00
—
Loan Modification
related
$105,325 · Us Bank NA
—
—
Lasalle National Bank Ttee
—
Deed Of Trust
related
$50,000 · Grand National Bank
—
—
Trust 24-3116-00
—
Deed Of Trust
related
$506,000 · Park National Bank
—
—
Lasalle Natl Trust Trustee
—
Deed Of Trust
related
$116,369 · Wells Fargo Bank Wisconsin NA
—
—
Trust Number 24-3116-00
—
Deed Of Trust
related
$400,000 · Millennium Bk
—
—
Trust 24-3116-00
—
Deed Of Trust
related
$20,000 · Park National Bank
—
—
Trust 24-3116-00
—
Deed Of Trust
related
$105,325 · Park National Bank
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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