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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Apartment buildings
1440 Getzelman Dr 50, Elgin, IL 60123-2055
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2562748
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
7,848 SF
Lot
0.55 ac (23,750 SF)
APN
06-10-178-013
UPID
US28-2562748
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
$940k
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.16M
Owner & transaction history
Wanyi Investment Group LLC · 2 yrs held
Wanyi Investment Group LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+17.8%
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 Elgin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elgin 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
$975,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$940,000
Current use
COMMERCIAL (GENERAL)
$1,110,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.22M (Dec 29 2023)
Last sale anchor
$1.22M
Dec 29 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
$148 / 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
$25,953
Tax year 2022
Assessed value
$299,307
Assessed 2022
Previous assessed
$299,307
+0.0% YoY
Effective rate
8.67%
On assessed value
Assessed land
$45,273
Assessed improvement
$254,034
Land market value
$135,819
Improvement market value
$762,102
Total market value
$897,921
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
Year built
1971
Heating
NONE
Stories
2
Total area
7,848 SF
Lot
0.55 ac (23,750 SF)
APN
06-10-178-013
UPID
US28-2562748
Jurisdiction
KANE
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
$940,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1971
Heating
NONE
Stories
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Wanyi Investment Group LLC
Entity
Mailing address
7 EXMOOR LN, LINCOLNSHIRE, IL 60069-4016
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
Wanyi Investment Group LLC
—
Deed
related
$1,125,000 · First State Bank
Dec 29, 2023
$1,220,000
Wanyi Investment Group LLC
Cheryl L Meyers
Warranty Deed
—
Feb 27, 2023
—
Cheryl L Meyers
Cheryl L Meyers
Intrafamily Transfer
related
—
Jun 20, 2018
—
Cheryl L Meyers
—
Deed
related
$156,000 · Heritage Bk/schaumburg
Jun 14, 2018
—
Cheryl L Meyers
—
Deed
related
$450,000 · Heritage Bk/schaumburg
—
—
Cheryl L Meyers
—
Deed Of Trust
related
$635,000 · Bank Financial Fsb
—
—
Cheryl L Meyers
—
Deed Of Trust
related
$450,000 · Heritage Bk/schaumburg
—
—
Cheryl L Meyers
—
Deed Of Trust
related
$156,000 · Heritage Bk/schaumburg
—
—
Cheryl Meyers
—
Deed Of Trust
related
$500,000 · Abn Amro Mortgage Group INC
—
—
Cheryl L Meyers
—
Deed Of Trust
related
$599,585 · Bank Financial 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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