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Property profile & analytics
OFF-MARKET
Parking lots & garages
1113 20th Ave, Melrose Park, IL 60160-3268
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-3034125
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1909
Lot
0.08 ac (3,300 SF)
APN
15-03-329-003
UPID
US28-3034125
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
German Reynoso Esparza · 2 yrs held
German Reynoso Esparza
since 2023
Last sale
$380,000
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 Melrose Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose 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
$676
Tax year 2022
Assessed value
$2,192
Assessed 2022
Previous assessed
$2,192
+0.0% YoY
Effective rate
30.84%
On assessed value
Assessed land
$2,145
Assessed improvement
$47
Land market value
$21,450
Improvement market value
$470
Total market value
$21,920
Applied tax rate
31,017.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1909
Heating
FORCED AIR
Rooms
10
Bathrooms
2
Lot
0.08 ac (3,300 SF)
APN
15-03-329-003
UPID
US28-3034125
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
1909
Heating
FORCED AIR
Rooms
10
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
German Reynoso Esparza
Individual
Mailing address
1113 N 20TH AVE, MELROSE PARK, IL 60160-3268
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Oct 13, 2023
$380,000
German Reynoso Esparza
Miguel Cordero JR
Warranty Deed
$367,317 · Towne Mortgage Co
Feb 16, 2010
$115,000
Miguel Cordero JR.
Federal Natl Mtg Assn Fnma
Grant Deed
$111,746 · Prospect Mortgage INC
Jul 21, 2009
—
Federal Natl Mtg Assn Fnma
Judicial Sales Corp
Trustees Deed
related
—
May 9, 2001
$172,500
Juan M Olivarez
Martincich,patricia
Grant Deed
$169,800 · Chicago Bancorp INC
—
—
Juan M Olivarez
—
Deed Of Trust
related
$205,000 · Guaranteed Financial Mortgage
—
—
Juan M Olivarez
—
Deed Of Trust
related
$90,000 · Washington Mutual Fsb
—
—
Cordero Miguel JR.
—
Deed Of Trust
related
$70,000 · Pnc Bk/oh
—
—
J Olivarez
—
Deed Of Trust
related
$174,829 · Aegis Mortgage Corp
—
—
Jauan M Olivarez
—
Deed Of Trust
related
$183,000 · Washington Mutual 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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