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Property profile & analytics
OFF-MARKET
Retail residential properties
1049 Madison St Oak Park, IL 60302-4432
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US28-0922665
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1923
Lot
0.14 ac (6,125 SF)
APN
16-18-102-001
UPID
US28-0922665
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
-
Dernier Cri Salon Hair Salon Nail Salon
-
Sacred Scarab Nail Boutique Nail Salon
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
1051 W Madison St LLC · 15 yrs held
1051 W Madison St LLC
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 Oak Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Park 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
$56,791
Tax year 2022
Assessed value
$147,893
Assessed 2022
Previous assessed
$147,893
+0.0% YoY
Effective rate
38.40%
On assessed value
Assessed land
$15,312
Assessed improvement
$132,581
Land market value
$153,120
Improvement market value
$1,325,810
Total market value
$1,478,930
Applied tax rate
27,001.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1923
Heating
NONE
Lot
0.14 ac (6,125 SF)
APN
16-18-102-001
UPID
US28-0922665
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
1923
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
1051 W Madison St LLC
Entity
Mailing address
307 DUNDEE RD, BARRINGTON, IL 60010-9395
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2023
—
1051 W Madison St LLC
—
Deed
related
$1,173,656 · Wintrust Bank NA
Jun 10, 2016
—
1051 W Madison St LLC
—
Deed
related
$825,264 · Wintrust Bk
Jun 2, 2016
—
1051 W Madison St LLC
—
Deed
related
$600,000 · Wintrust Bank
Jun 27, 2011
$660,000
1051 W Madison St LLC
Pb Il Oreo LLC
Grant Deed
—
Dec 30, 2010
—
Pb Il Oreo LLC
Intercounty Judicial Sales Cor
Trustees Deed
related
—
Dec 16, 2005
$885,000
Rpa Holdings LLC
Reckamp,patricia A
Warranty Deed
related
$665,000 · Private Bank & Trust Co
—
—
Rpa Holdings LLC
—
Deed Of Trust
related
$653,141 · Privatebank & Trust
—
—
Rpa Holdings LLC
—
Deed Of Trust
related
$656,148 · Private Bank & Trust Co
—
—
1051 W Madison St LLC
—
Deed Of Trust
related
$600,000 · Wintrust Bk
—
—
1051 W Madison St LLC
—
Deed Of Trust
related
$900,000 · North Shore Cmnty Bk
—
—
David P Reckamp
—
Deed Of Trust
related
$375,000 · Associated Bank
—
—
1051 W Madison St LLC
—
Loan Modification
related
$825,264 · Wintrust Bk
—
—
David P Reckamp
—
Deed Of Trust
related
$110,000 · Associated Bank
—
—
Reckamp Avenue Bank
—
Deed Of Trust
related
$110,000 · Associated Bank
—
—
Rpa Holdings LLC
—
Deed Of Trust
related
$30,000 · Village Of Oak Park
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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