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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Residential income homes
1223 Davis St, Arlington Heights, IL 60005-2149
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-1385541
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,453 SF
Lot
0.07 ac (3,125 SF)
APN
03-32-226-004
UPID
US28-1385541
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
$680k
Blend (final)
Blend
$570k
Owner & transaction history
Maria Gerardi · 7 yrs held
Maria Gerardi
since 2019
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 Arlington Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington Heights 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$795,000
Current use
RETAIL STORES
$665,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
$128 / 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
$7,616
Tax year 2022
Assessed value
$28,886
Assessed 2022
Previous assessed
$28,886
+0.0% YoY
Effective rate
26.37%
On assessed value
Assessed land
$3,125
Assessed improvement
$25,761
Land market value
$31,250
Improvement market value
$257,610
Total market value
$288,860
Applied tax rate
38,023.0000
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
3
Units
2
Bathrooms
6
Total area
4,453 SF
Lot
0.07 ac (3,125 SF)
APN
03-32-226-004
UPID
US28-1385541
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
$795,000
RETAIL STORES
Est. value
$665,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
2
Bathrooms
6
Lot
0.07 ac
Current owner
From public records · entity-resolved
Maria Gerardi
Individual
Mailing address
131 CASTLE ROCK LN, BLOOMINGDALE, IL 60108-1275
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2019
—
Maria Gerardi
Gerardi,maria
Quit Claim Deed
related
—
Aug 17, 2017
$592,000
Maria Gerardi
Dougherty,michael S
Warranty Deed
—
Jun 15, 2006
—
Michael S Dougherty
Friday,mary E
Quit Claim Deed
related
—
May 8, 2003
$479,000
Michael S Dougherty
Magnifico,frank
Grant Deed
$383,200 · Washington Mutual Fsb
Feb 22, 2000
$385,000
Frank Magnifico
Parkway Bank & Trust Co Ttee
Grant Deed
—
May 20, 1999
—
Parkway Bank & Trust Co Ttee
—
Grant Deed
related
$201,225 · Parkway Bank & Trust Co
Aug 28, 1998
—
Winnifred M Scheck Trustee
Registrar Of Titles
Trustees Deed
related
—
—
—
Michael S Dougherty
—
Deed Of Trust
related
$396,000 · Key Mortgage Service INC
—
—
Frank Magnifico
—
Deed Of Trust
related
$320,000 · Great Northern Financial Corp
—
—
Frank Magnifico
—
Deed Of Trust
related
$320,000 · Great Northern Financial Corp
—
—
Michael S Dougherty
—
Deed Of Trust
related
$402,500 · 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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