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Property profile & analytics
OFF-MARKET
Estimated value
$4,030,000
Apartment buildings
1037 Howell Pl, Aurora, IL 60505-5775
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US28-2800421
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
74,998 SF
Lot
1.62 ac (70,567 SF)
APN
15-35-101-016
UPID
US28-2800421
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
-
Lake View Residences Apartment Complex
-
RAL & Associates Law Firm
-
Bright3D custom 3D prints (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.03M
Owner & transaction history
Howell Place Apartments L 1037 · 14 yrs held
Howell Place Apartments L 1037
since 2011
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$54 / 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
$53,743
Tax year 2022
Assessed value
$707,349
Assessed 2022
Previous assessed
$444,885
+59.0% YoY
Effective rate
7.60%
On assessed value
Assessed land
$159,637
Assessed improvement
$547,712
Land market value
$478,911
Improvement market value
$1,643,136
Total market value
$2,122,047
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
11
Total area
74,998 SF
Lot
1.62 ac (70,567 SF)
APN
15-35-101-016
UPID
US28-2800421
Jurisdiction
KANE
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
11
Lot
1.62 ac
Current owner
From public records · entity-resolved
Howell Place Apartments L 1037
Individual
Mailing address
1037 HOWELL PL, AURORA, IL 60505-5775
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2019
—
1037 Howell Place Apts LLC
—
Grant Deed
related
$7,988,000 · Berkadia Com'l Mtg
Nov 16, 2011
$5,200,000
Howell Place Apartments L 1037
Levin,robert
Warranty Deed
$4,160,000 · Pnc Bank
Dec 27, 2004
—
Harry Perl
—
Trustees Deed
related
$1,500,000 · Puritan Finance Corp
May 18, 2001
$3,564,000
Robert A Levin
Lasalle Bank NA Trustee
Grant Deed
$3,450,000 · Amalgamated Bank Chicago
—
—
Harry Perl
—
Deed Of Trust
related
$8,100,000 · Privatebank & Trust
—
—
Robert Levin
—
Deed Of Trust
related
$100,000 · Jerome S Levin
—
—
Robert Levin
—
Deed Of Trust
related
$7,050,000 · Private Bank & Trust Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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