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Property profile & analytics
OFF-MARKET
Parking lots & garages
7906 Greenwood Ave Chicago, IL 60619
Entity Owned
11-yr Hold
Free & Clear
Property ID
US28-5112932
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1944
Lot
0.07 ac (3,125 SF)
APN
20-35-105-023
UPID
US28-5112932
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
New Life Covenant Church-se · 11 yrs held
New Life Covenant Church-se
since 2015
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 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
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
$1,004
Tax year 2022
Assessed value
$3,972
Assessed 2022
Previous assessed
$3,972
+0.0% YoY
Effective rate
25.28%
On assessed value
Assessed land
$3,906
Assessed improvement
$66
Land market value
$39,060
Improvement market value
$660
Total market value
$39,720
Applied tax rate
70,082.0000
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
1944
Heating
NONE
Lot
0.07 ac (3,125 SF)
APN
20-35-105-023
UPID
US28-5112932
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
1944
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
New Life Covenant Church-se
Entity
Free & Clear · 11 yrs held
Mailing address
5517 S MICHIGAN AVE, CHICAGO, IL 60637-1012
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2015
$32,500
New Life Covenant Church-se
Pb & J Xviii LLC
Quit Claim Deed
related
—
Jan 2, 2014
—
Pb & J Xviii LLC
Judicial Sales Corp
Grant Deed
related
—
Jun 25, 2004
$175,000
North,star Tr
Renaissance Ventures LLC
Grant Deed
—
Dec 15, 2003
$230,000
Renaissance Ventures LLC
Lasalle Bank NA Trustee
Grant Deed
$200,000 · Chicago Title Land Trt Co Ttee
Mar 12, 1999
—
American Natl Bk & Tr Chgo Tte
Adams,william L
Quit Claim Deed
related
—
Jun 5, 1998
$104,000
William L Adams
Midwest Real Estate Investment
Grant Deed
$485,000 · South Chicago Bank
Nov 26, 1997
—
William L Adams
South Chicago Bank
Grant Deed
$80,000 · Seller
Oct 9, 1997
—
South Chicago Bank
—
Deed Of Trust
related
—
—
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$125,000 · South Chicago Bank Trustee
—
—
William L Adams
—
Deed Of Trust
related
$50,000 · South Chicago 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.
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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