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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Apartment buildings
1322 Potomac Pl, Bourbonnais, IL 60914-9689
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-3879225
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.43 ac (18,922 SF)
APN
17-09-16-402-030
UPID
US28-3879225
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
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Hawaska LLC Potomac Place · 2 yrs held
Hawaska LLC Potomac Place
since 2023
Last sale
$2.0M
6 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 Bourbonnais submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bourbonnais 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
$2,010,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.98M (Nov 13 2023)
Last sale anchor
$1.98M
Nov 13 2023
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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,825
Tax year 2023
Assessed value
$174,983
Assessed 2023
Previous assessed
$174,983
+0.0% YoY
Effective rate
9.04%
On assessed value
Assessed land
$26,729
Assessed improvement
$148,254
Land market value
$80,187
Improvement market value
$444,762
Total market value
$524,949
Applied tax rate
17,022.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Lot
0.43 ac (18,922 SF)
APN
17-09-16-402-030
UPID
US28-3879225
Jurisdiction
KANKAKEE
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
Lot
0.43 ac
Current owner
From public records · entity-resolved
Hawaska LLC Potomac Place
Entity
Mailing address
PO BOX 1072, FRANKFORT, IL 60423-7072
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2025
—
Hawaska LLC Potomac Place
—
Deed
related
$1,977,500 · Lakeside Bank
Nov 13, 2023
$1,975,000
Hawaska LLC Potomac Place
Potomac Re Holdings Of Hmb LLC
Warranty Deed
$1,580,000 · Lakeside Bank
Feb 10, 2021
$1,381,000
Cobb Rentals LLC
Jeff Grotevant Properties LLC
Warranty Deed
—
Feb 10, 2021
$1,650,000
Potomac Re Holdings Of Hmb LLC
Cobb Rentals LLC
Warranty Deed
$1,237,500 · First National Bank Ottawa
May 27, 2010
—
Jeff Grovevant Properties LLC
Hansen Brothers Investment LLC
Warranty Deed
$1,300,000 · Peoples Bank
Sep 7, 2005
$720,000
Hansen Bros Investments INC
Municipal Trt & Savs Bank
Trustees Deed
related
$384,000 · Peoples Bank
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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