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Property profile & analytics
OFF-MARKET
Garden apartment buildings
10350 Ridgeland Ave, Chicago Ridge, IL 60415-1570
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-0241978
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Lot
1.25 ac (54,450 SF)
APN
24-18-216-085
UPID
US28-0241978
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
-
Chicago Ridge Metra Station Lot 1 Parking Lot & Garage
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
Ridgeland Station Apartments LLC · 1 yrs held
Ridgeland Station Apartments LLC
since 2025
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 Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago Ridge 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
$78,662
Tax year 2022
Assessed value
$200,768
Assessed 2022
Previous assessed
$200,768
+0.0% YoY
Effective rate
39.18%
On assessed value
Assessed land
$35,300
Assessed improvement
$165,468
Land market value
$353,000
Improvement market value
$1,654,680
Total market value
$2,007,680
Applied tax rate
39,032.0000
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
1972
Heating
NONE
Lot
1.25 ac (54,450 SF)
APN
24-18-216-085
UPID
US28-0241978
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
1972
Heating
NONE
Lot
1.25 ac
Current owner
From public records · entity-resolved
Ridgeland Station Apartments LLC
Entity
Mailing address
225 E GRAND AVE STE #701, CHICAGO, IL 60611-1274
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
$10,000,000
Ridgeland Station Apartments LLC
Ridgeland Station LP
Special Warranty Deed
related
$8,000,000 · Old National Bank
Sep 30, 2021
—
Ridgeland Station LP
—
Deed
related
$6,900,000 · Walker & Dunlop LLC
Feb 20, 2019
$6,678,000
Ridgeland Station LP
Trust Number 1-3386
Grant Deed
$5,342,000 · Cbre Cap Markets
May 20, 2013
—
Sks Properties Se LLC
—
Loan Modification
related
$5,164,705 · Federal National Mortgage Assn
Jan 27, 2009
$1,199,500
Bridgeview Bk Grp Tr
Trust 1-3108
Grant Deed
related
—
Aug 3, 2006
$3,496,667
Trust 1-3108
Trust 1-3380
Quit Claim Deed
related
—
—
—
Trust 1-3108
—
Deed Of Trust
related
$5,412,000 · Sovereign Bank
—
—
Trust 1-3108
—
Deed Of Trust
related
$540,000 · Ridgeland Court Apartments LP
—
—
Palos Bank & Trust Co Trustee
—
Deed Of Trust
related
$1,650,000 · First National Bank Chicago
—
—
Trust 1-3108
—
Deed Of Trust
related
$4,364,000 · Greatbank Chicago
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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