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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Residential income homes
820 Newport Ave Chicago, IL 60657-2311
Trust Owned
24-yr Hold
Property ID
US28-1244795
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1895
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,939 SF
Lot
0.07 ac (2,925 SF)
APN
14-20-410-046
UPID
US28-1244795
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
$1.01M
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$960k
Owner & transaction history
Chicago Title Land Trust Ttee · 24 yrs held
Chicago Title Land Trust Ttee
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$940,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,515,000
Current use
RETAIL STORES
$1,290,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10%
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
$244 / 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
$24,801
Tax year 2022
Assessed value
$124,000
Assessed 2022
Previous assessed
$124,000
+0.0% YoY
Effective rate
20.00%
On assessed value
Assessed land
$43,875
Assessed improvement
$80,125
Land market value
$438,750
Improvement market value
$801,250
Total market value
$1,240,000
Applied tax rate
73,105.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1895
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
3
Units
3
Bathrooms
3
Total area
3,939 SF
Lot
0.07 ac (2,925 SF)
APN
14-20-410-046
UPID
US28-1244795
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1895
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
3
Bathrooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Chicago Title Land Trust Ttee
Trust
Mailing address
820 W NEWPORT AVE #3, CHICAGO, IL 60657-2311
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2002
—
Chicago Title Land Trust Ttee
Guterman,seth J
Quit Claim Deed
related
—
Oct 1, 1997
$470,000
Seth J Guterman
Imber,douglas S & Lisa I
Grant Deed
$423,000 · Mid Town Bk & Tr Co Chicago
—
—
Seth J Guterman
—
Deed Of Trust
related
$423,000 · Mid Town Bank & Trust Chicago
—
—
Seth J Guterman
—
Deed Of Trust
related
$320,000 · Mid Town Bank & Trust Chicago
—
—
Seth J Guterman
—
Deed Of Trust
related
$390,900 · Bank Of America
—
—
Trust 1110859
—
Loan Modification
related
$250,000 · Mb Fin'l Bk
—
—
Chicago Title Land Trt Co Ttee
—
Deed Of Trust
related
$318,000 · Chicago Financial Services INC
—
—
Chicago Title Land Trt Co Ttee
—
Deed Of Trust
related
$353,000 · Chicago Financial Services INC
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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