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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1018 Madison St, Maywood, IL 60153-1986
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-0814604
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Lot
0.14 ac (6,237 SF)
APN
15-15-206-031
UPID
US28-0814604
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
1018 Madison LLC · 5 yrs held
1018 Madison LLC
since 2021
Last sale
$355,000
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 Maywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maywood 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
$19,987
Tax year 2022
Assessed value
$35,500
Assessed 2022
Previous assessed
$35,500
+0.0% YoY
Effective rate
56.30%
On assessed value
Assessed land
$6,237
Assessed improvement
$29,263
Land market value
$62,370
Improvement market value
$292,630
Total market value
$355,000
Applied tax rate
31,133.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1967
Heating
NONE
Lot
0.14 ac (6,237 SF)
APN
15-15-206-031
UPID
US28-0814604
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
1967
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
1018 Madison LLC
Entity
Mailing address
PO BOX 5286, RIVER FOREST, IL 60305-5286
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
$355,000
1018 Madison LLC
Chicago Title Land Trust Company
Deed
$266,250 · Forest Park National Bank & Trust C
Sep 25, 2017
—
Trust 8002375456
Hunter,mark
Quit Claim Deed
related
$255,000 · Community Inv
Sep 25, 2017
$281,000
Mark Hunter
Trust 1781
Grant Deed
—
—
—
Trust 1781
—
Deed Of Trust
related
$170,111 · First Suburban National Bank
—
—
Melrose Park Bank & Trust
—
Deed Of Trust
related
$75,000 · First Suburban National Bank
—
—
Melrose Park Bk & Tr Ttee
—
Deed Of Trust
related
$55,000 · First Suburban National Bank
—
—
Trust 1781
—
Deed Of Trust
related
$30,714 · First Suburban National Bank
—
—
Trust 1781
—
Deed Of Trust
related
$113,595 · First Suburban National Bank
—
—
Melrose Park National Bk Ttee
—
Deed Of Trust
related
$234,851 · First Suburban National Bank
—
—
Melrose Park Bank & Trust Ttee
—
Deed Of Trust
related
$85,000 · First Suburban National Bank
—
—
Trust 1781
—
Deed Of Trust
related
$17,000 · First Suburban National 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.
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