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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Garden apartment buildings
1401 Homestead Rd La Grange Park, IL 60526
Entity Owned
6-yr Hold
Free & Clear
Property ID
US28-1814384
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Lot
0.17 ac (7,448 SF)
APN
15-28-413-020
UPID
US28-1814384
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
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
1443 Homestead Road LLC · 6 yrs held
1443 Homestead Road LLC
since 2020
Last sale
$535,000
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 La Grange Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Grange 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
Method
Estimation
Statistic approach
$630,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $535k (Jul 21 2020)
Last sale anchor
$535k
Jul 21 2020
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
$12,805
Tax year 2022
Assessed value
$42,085
Assessed 2022
Previous assessed
$42,085
+0.0% YoY
Effective rate
30.43%
On assessed value
Assessed land
$5,958
Assessed improvement
$36,127
Land market value
$59,580
Improvement market value
$361,270
Total market value
$420,850
Applied tax rate
31,219.0000
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
1966
Heating
NONE
Lot
0.17 ac (7,448 SF)
APN
15-28-413-020
UPID
US28-1814384
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
1966
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
1443 Homestead Road LLC
Entity
Free & Clear · 6 yrs held
Mailing address
5737 S KENSINGTON AVE, COUNTRYSIDE, IL 60525-3524
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2020
—
1443 Homestead Road LLC
Homestead Management LLC
Quit Claim Deed
related
—
Dec 12, 2017
—
Homestead Management LLC
—
Deed
related
$238,852 · First Midwest Bank
Sep 17, 2012
$535,000
Andrius Gedvilas
Homestead Lagrange Park LLC
Grant Deed
$300,000 · First Midwest Bank
Feb 22, 2011
—
Homestead Lagrange Park LLC
Oxford Bk & Trust
Quit Claim Deed
related
—
Nov 17, 2006
—
Trust 1-3110
Trust 3564
Quit Claim Deed
related
$640,000 · Oxford Bank & Trust
Jan 8, 1998
$378,000
Western Springs Nat'l Bk Ttee
Pinnacle Bank Trustee
Grant Deed
related
$312,000 · Liberty Federal Bank
—
—
Homestead Management LLC
—
Deed Of Trust
related
$716,556 · First Midwest Bk
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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