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    Property profile & analytics

    13843 School St Riverdale, IL 60827-1914

    • Residential income homes
    • 2,600 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2643496
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 13843 School St

    Year built
    1892
    Construction
    FRAME
    Lot size
    0.14 lot acres
    Property size
    2,600 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    29-04-103-043
    APU
    2904103043

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $243,000
      Market price range: $213k - $374k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Cook
    State
    Illinois
    Longitude
    -87.629
    Latitude
    41.643
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $8,440
    $2,320
    $6,432
    $8,752
    -
    $23,200
    $64,320
    $87,520

    Comparable in this City

    • Value Estimation
      $355,000
      3,354 SF

      12359 Racine Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,354 SF
      12359 Racine Ave, Calumet Park, IL 60827-5815
      View Details
    • Value Estimation
      $360,000
      2,371 SF

      13701 School St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,371 SF
      13701 School St, Riverdale, IL 60827-1618
      View Details
    • Value Estimation
      $345,000
      2,376 SF

      12621 Marshfield Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,376 SF
      12621 Marshfield Ave, Calumet Park, IL 60827-5941
      View Details
    • Value Estimation
      $320,000
      1,824 SF

      212 136th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,824 SF
      212 136th Pl, Chicago, IL 60827-1815
      View Details
    • Value Estimation
      $390,000
      3,360 SF

      9 137th Pl, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,360 SF
      9 137th Pl, Riverdale, IL 60827-2005
      View Details
    • Value Estimation
      $360,000
      2,645 SF

      417 138th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,645 SF
      417 138th St, Riverdale, IL 60827
      View Details

    Similar Nearby for Sale

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      35,700 SF

      Calumet Park Multifamily Investment Opportunity

      52-unit multifamily portfolio in Calumet Park, Illinois.
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      Calumet Park Multifamily Investment Opportunity

      Eight-unit multifamily building in Calumet Park with recent renovations.
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    • $2,100,000
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      32-Unit Multifamily Investment Opportunity

      Two-building, 32-unit multifamily property in Calumet Park, Illinois.
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    • $5,950,000

      Prime Chicago Multifamily Investment

      60-Unit Apartment Building, High ROI
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      Calumet Park Multifamily Investment Opportunity

      12-unit multifamily building in Calumet Park, Chicago South Suburbs.
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    • $210,000
      0.13 Acres

      Spacious Chicago Multi-Family Property

      Two-unit property with recent updates, ideal for families or investors.
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    Similar Nearby for Lease

    • $27 SF/Yr
      8,000 SF

      Calumet Park Retail Space Available

      8,000 SF retail space for rent in Calumet Park.
      11900 S Marshfield Ave, Calumet Park, IL 60827
      View Details
    • $3,900 /Mo

      Land for Equipment or Trailer Storage

      Newly developed land available for equipment or trailer storage.
      956 E 138Th St, Chicago, IL 60827
      View Details
    • $20 SF/Yr
      1,180 SF

      Retail Space Near I-57

      Retail space in a densely populated business and shopping district.
      1413 W 127Th St, Calumet Park, IL 60827
      View Details
    • $10 SF/Yr
      86,310 SF

      Raceway Park Retail Center - Calumet Park

      High-visibility retail space, Cook County, IL.
      13001 Ashland Ave, Calumet Park, IL 60827
      View Details
    • Contact for pricing
      105,370 SF

      Rail-Served Land Site for Lease

      6-acre rail-served site for lease, build-to-suit opportunity.
      440 East 138Th St, Chicago, IL 60827
      View Details
    • $10 SF/Yr
      31,540 SF

      Raceway Park Shopping Center Opportunity

      Calumet Park Retail Space Available
      13053-13081 Ashland Ave, Calumet Park, IL 60827
      View Details
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    13843 School St
    Riverdale, IL 60827-1914
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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