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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Residential income homes
1422 Noyes St 1, Evanston, IL 60201-2640
Entity Owned
2-yr Hold
Property ID
US28-5230353
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,851 SF
Lot
0.2 ac (8,720 SF)
APN
10-12-417-006
UPID
US28-5230353
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
$925k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$925k
Owner & transaction history
Mansion House Properties Chicago Ll · 2 yrs held
Mansion House Properties Chicago Ll
since 2024
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+80.5%
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 Evanston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evanston 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
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$680,000
Current use
COMMERCIAL (GENERAL)
$1,225,000
Change: +80% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (Jan 26 2024)
Last sale anchor
$925k
Jan 26 2024
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
$324 / 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
$15,331
Tax year 2022
Assessed value
$66,000
Assessed 2022
Previous assessed
$66,000
+0.0% YoY
Effective rate
23.23%
On assessed value
Assessed land
$21,800
Assessed improvement
$44,200
Land market value
$218,000
Improvement market value
$442,000
Total market value
$660,000
Applied tax rate
17,001.0000
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
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
3
Total area
2,851 SF
Lot
0.2 ac (8,720 SF)
APN
10-12-417-006
UPID
US28-5230353
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
$680,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Mansion House Properties Chicago Ll
Entity
Mailing address
911 SIMPSON ST, EVANSTON, IL 60201-3117
Ownership since
2024
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
Jan 26, 2024
$925,000
Mansion House Properties Chicago Ll
1422 LLC
Warranty Deed
$1,156,950 · Barnet Rei Finance 2 LLC
Nov 27, 2018
—
1422 LLC
Hernandez,abraham
Quit Claim Deed
related
—
Nov 23, 2011
—
Abraham Hernandez
Hernandez,carolina
Quit Claim Deed
related
—
Aug 8, 2007
$623,000
Abraham Hernandez
Madlena A Puljas
Warranty Deed
$498,400 · Capital Financial Bancorp INC
May 15, 2001
—
Madlena A Puljas
Puljas,hodimir & Gloria
Quit Claim Deed
related
$300,000 · Washington Mutual Fsb
—
—
Hodimir Puljas
—
Deed Of Trust
related
$236,000 · Banc One Mortgage Corp
—
—
Madlena A Dugandzic
—
Deed Of Trust
related
$309,000 · Gn Mortgage Corp
—
—
Hodimir Puljas
—
Deed Of Trust
related
$28,000 · Bank One Illinois NA
—
—
Madlena Puljas
—
Deed Of Trust
related
$300,700 · Cmc Financial LLC
—
—
Madlena Dugandzic
—
Deed Of Trust
related
$302,000 · Gn Mortgage Corp
—
—
Hodimir Puljas
—
Deed Of Trust
related
$45,000 · Bank One NA
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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