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Property profile & analytics
OFF-MARKET
Parking lots & garages
7837 Mulligan Ave Burbank, IL 60459-1113
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US28-2665497
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1949
Lot
0.08 ac (3,690 SF)
APN
19-29-309-009
UPID
US28-2665497
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
Christopher Lucas · 22 yrs held
Christopher Lucas
since 2004
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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$1,234
Tax year 2022
Assessed value
$3,199
Assessed 2022
Previous assessed
$3,199
+0.0% YoY
Effective rate
38.57%
On assessed value
Assessed land
$2,952
Assessed improvement
$247
Land market value
$29,520
Improvement market value
$2,470
Total market value
$31,990
Applied tax rate
36,004.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1949
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
7
Lot
0.08 ac (3,690 SF)
APN
19-29-309-009
UPID
US28-2665497
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
1949
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
7
Lot
0.08 ac
Current owner
From public records · entity-resolved
Christopher Lucas
Individual
Mailing address
7837 MULLIGAN AVE, BURBANK, IL 60459-1113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2004
$215,000
Christopher Lucas
Lezon,george
Grant Deed
$215,000 · Homecomings Financial Network
Oct 29, 2001
—
George Lezon
Lezon,george M
Quit Claim Deed
related
$50,000 · Midamerica Fsb
May 31, 2000
—
George M Lezon
Hud
Grant Deed
$73,600 · Citimortgage INC
Feb 2, 2000
—
Hud
Brazzale,
Trustees Deed
related
—
Oct 20, 1997
—
Debra R Brazzale
Brazzale
Quit Claim Deed
related
$5,000 · Bridgeview Bank Trus
—
—
Debra R Brazzale
—
Deed Of Trust
related
$22,000 · Bridgeview Bank & Trust
—
—
George Lezon
—
Deed Of Trust
related
$25,000 · Mid America Bank Fsb
—
—
George Lezon
—
Deed Of Trust
related
$116,500 · Mid America Bank Fsb
—
—
Christopher Lucas
—
Deed Of Trust
related
$70,000 · Lendingtree Loans
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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