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Property profile & analytics
OFF-MARKET
Estimated value
$13,295,000
Office buildings
920 Franklin St, Chicago, IL 60610-5090
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-4231800
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1924
Total area
133,600 SF
Lot
0.21 ac (9,300 SF)
APN
17-04-429-013
UPID
US28-4231800
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
-
Jet Title Services LLC Title Company
-
Music Theatre Workshop Theater & Performing Art Venue
-
Edulender Il Inc Financial Advisor
-
EE Group Marketing & Advertising Event Planning
-
Amazing Breakthroughs Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.59M
Blend (final)
Blend
$13.30M
Owner & transaction history
311 W Walton INC · 4 yrs held
311 W Walton INC
since 2022
Last sale
$14.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$19.4M
+8.1%
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
$15,515,000
ML approach
$10,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,995,000
Current use
RETAIL STORES
$19,445,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,005,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$13.30M
Range $11.97M – $14.62M · ±10% · vs last sale $14.40M (Jun 28 2022)
Last sale anchor
$14.40M
Jun 28 2022
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
$100 / 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
$357,612
Tax year 2022
Assessed value
$1,738,662
Assessed 2022
Previous assessed
$1,738,662
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$255,750
Assessed improvement
$1,482,912
Land market value
$1,023,000
Improvement market value
$5,931,648
Total market value
$6,954,648
Applied tax rate
74,002.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1924
Heating
NONE
Stories
8
Total area
133,600 SF
Lot
0.21 ac (9,300 SF)
APN
17-04-429-013
UPID
US28-4231800
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
OFFICE BUILDING Current
Est. value
$18.0M
RETAIL STORES
Est. value
$19.4M
AUTO REPAIR, GARAGE
Est. value
$16.0M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1924
Heating
NONE
Stories
8
Lot
0.21 ac
Current owner
From public records · entity-resolved
311 W Walton INC
Entity
Mailing address
311 W WALTON ST, CHICAGO, IL 60610-3016
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
$14,400,000
311 W Walton INC
Salf 920 LLC
Special Warranty Deed
—
Aug 3, 2021
—
Salf 920 LLC
—
Deed
related
$3,000,000 · Schaumburg Bank & Trust Co NA
Aug 31, 2020
—
Salf 920 LLC
—
Deed
related
$3,475,000 · Schaumburg Bk&tr
Mar 8, 2019
—
Salf 920 LLC
—
Deed
related
$2,877,980 · Schaumburg Bk&tr Co NA
Apr 13, 2015
—
Salf 920 LLC
—
Trustees Deed
related
$2,000,000 · Schaumburg Bk&tr Co NA
Mar 20, 2014
$4,600,000
Salf 920 LLC
900 Partners LLC
Grant Deed
$3,475,000 · Schaumburg Bk&tr Co NA
Jul 9, 2012
$6,510,000
900 Partners LLC
Lumber Co LP
Trustees Deed
$5,950,000 · Cole Taylor Bank
Jul 9, 2012
—
Lumber Co LP
Trust 10-21657-09
Grant Deed
related
—
Jun 8, 2011
—
Trust 10-21657-09
—
Deed Of Trust
related
$7,132,365 · Mb Financial Bank NA
May 5, 2008
—
Trust 10-21657-09
—
Grant Deed
related
$7,300,000 · Mb Financial Bank NA
—
—
Salf 920 LLC
—
Loan Modification
related
$2,877,980 · Schaumburg Bk&tr Co NA
—
—
Salf 920 LLC
—
Loan Modification
related
$3,475,000 · Schaumburg Bk&tr Co NA
—
—
Salf 920 LLC
—
Loan Modification
related
$3,475,000 · Schaumburg Bk&tr
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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