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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Residential income homes
10512 Central Ave, Chicago Ridge, IL 60415-2004
Individually Owned
1-yr Hold
Absentee Owner
Property ID
US28-0030713
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,570 SF
Lot
0.14 ac (6,300 SF)
APN
24-17-207-011
UPID
US28-0030713
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
$625k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$538k
Blend (final)
Blend
$625k
Owner & transaction history
Abiezer Alcantara · 1 yrs held
Abiezer Alcantara
since 2024
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$785,000
+57.8%
Retail stores
$530,000
+7.3%
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
Method
Estimation
Statistic approach
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$715,000
7%
$660,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$495,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$475,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$435,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Sep 26 2024)
Last sale anchor
$625k
Sep 26 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$175 / 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
$11,697
Tax year 2022
Assessed value
$33,275
Assessed 2022
Previous assessed
$33,275
+0.0% YoY
Effective rate
35.15%
On assessed value
Assessed land
$5,040
Assessed improvement
$28,235
Land market value
$50,400
Improvement market value
$282,350
Total market value
$332,750
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Units
4
Bathrooms
4
Total area
3,570 SF
Lot
0.14 ac (6,300 SF)
APN
24-17-207-011
UPID
US28-0030713
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$495,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
RETAIL STORES
Est. value
$530,000
OFFICE BUILDING
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$435,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Abiezer Alcantara
Individual
Mailing address
7349 W ARCHER AVE, SUMMIT ARGO, IL 60501-1217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
$625,000
Abiezer Alcantara
Jeffrey Fflcan
Warranty Deed
$593,750 · Guaranteed Rate INC
Jan 17, 2023
—
Felcan Property Management LLC Cent
Felcan Property Management LLC
Intrafamily Transfer
related
—
Oct 25, 2022
—
Felcan Property Management LLC
Jeffrey Felcan
Intrafamily Transfer
related
—
Aug 3, 2022
—
Jeffrey Felcan
Felcan Propety Management LLC
Intrafamily Transfer
related
—
Nov 1, 2021
$14,000
Felcan Property Management LLC
Jeffrey Felcen
Quit Claim Deed
related
—
Aug 31, 2021
$490,000
Jeffrey A Felcan
Victor Zilinskas
Warranty Deed
$392,000 · Guaranteed Rate INC
Nov 30, 2017
$400,000
Victor Zilinskas
Chicago Title Land Trust Co
Deed
$385,000 · Eagle Home Mortgage LLC
Jan 13, 2005
$500,000
Trust M-11206
Koczwara,stefania
Warranty Deed
—
Jan 4, 1999
$283,500
Stefania Koczwara
Butz,mark J & Amy L
Grant Deed
$226,800 · Fidelity Fsb
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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