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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Residential income homes
10619 Mayfield Ave Chicago Ridge, IL 60415-1906
Individually Owned
4-yr Hold
Property ID
US28-5316288
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,836 SF
Lot
0.23 ac (10,050 SF)
APN
24-17-219-032
UPID
US28-5316288
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
-
JDog Junk Hauling and Removal Oak Lawn Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$510k
Owner & transaction history
Robert Royce Reichardt · 4 yrs held
Robert Royce Reichardt
since 2022
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$620,000
+57.8%
Retail stores
$425,000
+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
$575,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$395,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$425,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$380,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$345,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $500k (Jun 23 2022)
Last sale anchor
$500k
Jun 23 2022
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
$180 / 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
$12,001
Tax year 2022
Assessed value
$30,630
Assessed 2022
Previous assessed
$30,630
+0.0% YoY
Effective rate
39.18%
On assessed value
Assessed land
$5,276
Assessed improvement
$25,354
Land market value
$52,760
Improvement market value
$253,540
Total market value
$306,300
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Units
3
Bathrooms
4
Total area
2,836 SF
Lot
0.23 ac (10,050 SF)
APN
24-17-219-032
UPID
US28-5316288
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
$395,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$620,000
RETAIL STORES
Est. value
$425,000
OFFICE BUILDING
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$345,000
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
3
Bathrooms
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
Robert Royce Reichardt
Individual
Mailing address
10619 MAYFIELD AVE, CHICAGO RIDGE, IL 60415-1906
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
$500,000
Robert Royce Reichardt
Kevin B Fitzgerald
Warranty Deed
$517,896 · The Federal Savings Bank
May 30, 2019
$375,000
Kevin B Fitzgerald
Chicago Title & Trust Co
Grant Deed
$281,250 · Cme Lndg Group LLC
Jun 6, 2001
—
Lasalle National Bank
Graul,karen
Grant Deed
related
—
Jun 14, 2000
$234,000
Karen E Graul
Trester,francis X & Cheryl A
Grant Deed
$187,200 · World Savings Bank
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$239,000 · Loomis Federal Savings & Loan
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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