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    Property profile & analytics

    1124 Rice Ave Bellwood, IL 60104-3119

    • Residential income homes
    • 1,776 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 17, 2021
    Location Intelligence
    Property ID
    US28-5514111
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1124 Rice Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    1,776 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    15-16-126-022
    APU
    1516126022

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bellwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.8746
    Latitude
    41.8717
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,724
    $2,305
    $16,249
    $18,554
    -
    $23,050
    $162,490
    $185,540

    Comparable in this City

    • Value Estimation by Request
      1,776 SF

      3601 Jackson St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,776 SF
      3601 Jackson St, Bellwood, IL 60104-2359
      View Details
    • Value Estimation by Request
      3,572 SF

      3502 Jackson St, Unit 1E

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,572 SF
      3502 Jackson St, Bellwood, IL 60104-2452
      View Details
    • Value Estimation by Request
      1,776 SF

      3513 Jackson St, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,776 SF
      3513 Jackson St, Bellwood, IL 60104-2429
      View Details
    • Value Estimation by Request
      1,872 SF

      1020 Linden Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,872 SF
      1020 Linden Ave, Bellwood, IL 60104-1981
      View Details
    • Value Estimation by Request
      1,920 SF

      1100 Linden Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,920 SF
      1100 Linden Ave, Bellwood, IL 60104-1985
      View Details
    • Value Estimation by Request
      2,858 SF

      3401 Monroe St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,858 SF
      3401 Monroe St, Bellwood, IL 60104-2100
      View Details

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    • New
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      Well-Maintained Two-Unit with Finished Basement

      Updated two-unit property with finished basement and fenced yard.
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    Similar Nearby for Lease

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      38,000 SF

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    • Contact for pricing
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      Renovated warehouse featuring heavy outside storage and proximity to highways.
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    1124 Rice Ave
    Bellwood, IL 60104-3119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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