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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Residential income homes
1503 Wilder St, Evanston, IL 60202-1198
Individually Owned
2-yr Hold
Property ID
US28-0797535
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1894
Construction
FRAME
Total area
1,550 SF
Lot
0.09 ac (3,750 SF)
APN
10-24-203-029
UPID
US28-0797535
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$450k
Blend (final)
Blend
$550k
Owner & transaction history
Benjamin Sloane · 2 yrs held
Benjamin Sloane
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$665,000
+85.9%
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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$360,000
Current use
COMMERCIAL (GENERAL)
$665,000
Change: +86% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$340,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jan 5 2024)
Last sale anchor
$550k
Jan 5 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
$355 / 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
$8,729
Tax year 2022
Assessed value
$41,000
Assessed 2022
Previous assessed
$41,000
+0.0% YoY
Effective rate
21.29%
On assessed value
Assessed land
$8,250
Assessed improvement
$32,750
Land market value
$82,500
Improvement market value
$327,500
Total market value
$410,000
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
1894
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
3
Total area
1,550 SF
Lot
0.09 ac (3,750 SF)
APN
10-24-203-029
UPID
US28-0797535
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
$360,000
COMMERCIAL (GENERAL)
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$340,000
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
1894
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Benjamin Sloane
Individual
Mailing address
1503 WILDER ST, EVANSTON, IL 60202-1198
Mailing matches property
Yes
Owner-occupied
Yes
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 5, 2024
$550,000
Benjamin Sloane
Ian J Koenig
Warranty Deed
$440,000 · Waterman Bank
Jul 5, 2016
$340,000
Ian J Koenig
Pujara,kunal
Warranty Deed
$333,841 · Guaranteed Rate
Jun 11, 2013
$255,000
Kunal Pujara
Real Equities INC
Warranty Deed
$160,000 · Guaranteed Rate INC
Aug 20, 2012
$141,000
Real Equities INC
Judicial Sales Corp
Grant Deed
related
—
Nov 4, 1998
—
Thomas S Frederick
Frederick,margaret
Quit Claim Deed
related
—
—
—
Thomas S Frederick
—
Deed Of Trust
related
$325,000 · Home Finance Corp
—
—
Thomas S Frederick
—
Deed Of Trust
related
$136,000 · Home Finance Corp
—
—
Thomas S Frederick
—
Deed Of Trust
related
$340,000 · First American Bank
—
—
Thomas S Frederick
—
Deed Of Trust
related
$55,000 · First Bank & Trust Evanston
—
—
Ian J Koenig
—
Deed Of Trust
related
$333,841 · Guaranteed Rate
—
—
Thomas S Frederick
—
Deed Of Trust
related
$125,000 · First Bank & Trust
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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