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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Retail space
9618 Commercial Ave Chicago, IL 60617-5021
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-0573294
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1924
Total area
9,000 SF
Lot
0.8 ac (35,028 SF)
APN
26-07-120-043
UPID
US28-0573294
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
-
Vrdolyak Law Group LLC Law Firm
-
Reynolds William E Law Firm
-
Modern Business Consultants Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$910k
Blend (final)
Blend
$1.08M
Owner & transaction history
Epv LLC · 10 yrs held
Epv LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+101.8%
Auto repair, garage
$1.1M
+79.5%
Apartment house (5+ units)
$795,000
+32.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,210,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,080,000
Change: +80% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$795,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$695,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$119 / 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
$46,410
Tax year 2022
Assessed value
$224,966
Assessed 2022
Previous assessed
$209,512
+7.4% YoY
Effective rate
20.63%
On assessed value
Assessed land
$48,163
Assessed improvement
$176,803
Land market value
$192,652
Improvement market value
$707,212
Total market value
$899,864
Applied tax rate
70,002.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1924
Heating
NONE
Stories
2
Total area
9,000 SF
Lot
0.8 ac (35,028 SF)
APN
26-07-120-043
UPID
US28-0573294
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
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$795,000
INDUSTRIAL (GENERAL)
Est. value
$695,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Epv LLC
Entity
Mailing address
9618 S COMMERCIAL AVE, CHICAGO, IL 60617-5021
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2026
—
Epv LLC
—
Deed
related
$1,600,000 · Capital Bk NA
Nov 14, 2025
—
Epv LLC
—
Deed
related
$500,000 · Capital Bank NA
Apr 20, 2022
—
Epv LLC
—
Deed
related
$100,000 · West Town Bank & Trust
Jan 27, 2022
—
Epv LLC
—
Deed
related
$2,152,000 · Lendingclub Bank NA
Sep 21, 2021
—
Epv LLC
—
Deed
related
$400,000 · West Town Bank & Trust
Feb 14, 2017
—
Epv LLC
—
Deed
related
$100,000 · West Town Bk&tr
May 5, 2016
—
Epv LLC
—
Deed
related
$400,000 · West Town Bk&tr
Apr 26, 2016
—
Epv LLC
Vrdolyak,edward R & Denise M
Quit Claim Deed
related
—
Nov 3, 2008
—
Edward R Vrdolyak
—
Trustees Deed
related
$737,309 · First Suburban National Bank
—
—
Edward R Vrdolyak
—
Deed Of Trust
related
—
—
—
Edward R Vrdolyak
—
Deed Of Trust
related
$800,000 · Park National Bank
—
—
Epv LLC
—
Deed Of Trust
related
$400,000 · West Town Bk&tr
—
—
Epv LLC
—
Deed Of Trust
related
$100,000 · West Town Bk&tr
—
—
Edward R Vrdolyak
—
Deed Of Trust
related
$93,000 · Pullman Bank & Trust Co
—
—
Edward R Vrdolyak
—
Deed Of Trust
related
—
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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