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Property profile & analytics
OFF-MARKET
Estimated value
$36,125,000
Garden apartment buildings
125 Dundee Rd, Palatine, IL 60074-2644
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5752565
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1975
Lot
9.31 ac (405,544 SF)
APN
02-10-202-002
UPID
US28-5752565
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
-
The Gates of Deer Grove Apartment Homes Apartment Building Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.13M
Owner & transaction history
The Gates Il Owner LLC · 3 yrs held
The Gates Il Owner LLC
since 2022
Last sale
$35.2M
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 Palatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatine 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
$37,980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$36.13M
Range $32.51M – $39.74M · ±10% · vs last sale $35.20M (Aug 4 2022)
Last sale anchor
$35.20M
Aug 4 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
—
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
$645,270
Tax year 2022
Assessed value
$2,252,995
Assessed 2022
Previous assessed
$2,064,815
+9.1% YoY
Effective rate
28.64%
On assessed value
Assessed land
$405,374
Assessed improvement
$1,847,621
Land market value
$4,053,740
Improvement market value
$18,476,210
Total market value
$22,529,950
Applied tax rate
29,007.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1975
Heating
NONE
Lot
9.31 ac (405,544 SF)
APN
02-10-202-002
UPID
US28-5752565
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
1975
Heating
NONE
Lot
9.31 ac
Current owner
From public records · entity-resolved
The Gates Il Owner LLC
Entity
Mailing address
112 S FRENCH ST105MP, WILMINGTON, DE 19801-5035
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
The Gates Il Owner LLC
—
Deed
related
$28,061,000 · Pgim Real Estate Agency Financing LLC
Aug 4, 2022
$35,200,000
The Gates Il Owner LLC
Deer Grove Gardens LLC
Special Warranty Deed
$28,160,000 · Pgim Real Estate Agency Financing L
Dec 6, 2017
—
Deer Grove Gardens LLC
Deer Grove Owner LLC
Quit Claim Deed
related
$789,578,000 · Berkadia Com'l Mtg
Dec 16, 2011
$20,200,000
Home Properties Deer Grove LLC
Manchester Oaks Partners LLC
Grant Deed
—
Feb 5, 2007
—
Manchester Oaks Partners LLC
—
Deed Of Trust
related
$250,000,000 · J P Morgan Chase Bank
Sep 11, 2006
$10,333,333
Manchester Oaks Partners LLC
Manchester Oaks LLC
Grant Deed
related
—
Apr 6, 2006
—
Manchester Oaks LLC
—
Trustees Deed
related
$8,850,000 · Harris NA
—
—
Manchester Oaks Partners LLC
—
Deed Of Trust
related
$13,000,000 · Federal National Mortgage Assn
—
—
Home Properties Deer Grove LLC
—
Deed Of Trust
related
$24,625,000 · Berkadia Com'l Mtg
—
—
Mo Company LLC
—
Deed Of Trust
related
$9,225,000 · Archon Financial LP
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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