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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Apartment buildings
15255 160th St Orland Hills, IL 60487
Entity Owned
14-yr Hold
Free & Clear
Property ID
US28-3069710
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1989
Total area
6,648 SF
Lot
0.42 ac (18,151 SF)
APN
27-22-212-005
UPID
US28-3069710
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$913k
Blend (final)
Blend
$720k
Owner & transaction history
Westhaven Properties LLC · 14 yrs held
Westhaven Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$990,000
+10.5%
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 Orland Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orland Hills 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$895,000
Current use
RETAIL STORES
$990,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$805,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10%
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
$108 / 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
$12,504
Tax year 2022
Assessed value
$40,666
Assessed 2022
Previous assessed
$40,666
+0.0% YoY
Effective rate
30.75%
On assessed value
Assessed land
$12,705
Assessed improvement
$27,961
Land market value
$127,050
Improvement market value
$279,610
Total market value
$406,660
Applied tax rate
28,020.0000
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
Year built
1989
Heating
NONE
Cooling
YES
Stories
3
Bathrooms
9
Total area
6,648 SF
Lot
0.42 ac (18,151 SF)
APN
27-22-212-005
UPID
US28-3069710
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
$895,000
RETAIL STORES
Est. value
$990,000
OFFICE BUILDING
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1989
Heating
NONE
Cooling
Yes
Stories
3
Bathrooms
9
Lot
0.42 ac
Current owner
From public records · entity-resolved
Westhaven Properties LLC
Entity
Free & Clear · 14 yrs held
Mailing address
16005 APPLEWOOD LN, ORLAND HILLS, IL 60487-7479
Ownership since
2012
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
Jun 24, 2019
—
Westhaven Properties LLC
—
Loan Modification
related
$6,500,000 · Weglarz Jacob L 1985 Tr (pt)
Feb 19, 2019
—
Westhaven Properties LLC
—
Loan Modification
related
$6,500,000 · Weglarz Jacob L 1985 Tr (pt)
Jan 12, 2017
—
Westhaven Properties LLC
—
Loan Modification
related
$6,500,000 · Weglarz Jacob L 1985 Tr (pt)
Feb 27, 2013
—
Westhaven Properties LLC
—
Deed Of Trust
related
$3,250,000 · Weglarz Jacob L 1985 Trust
Jan 30, 2012
—
Westhaven Properties LLC
Westhaven Properties Ptshp
Quit Claim Deed
related
—
Sep 2, 2010
—
Westhaven Properties Ptshp
—
Grant Deed
related
$3,250,000 · Weglarz Jacob L 1985 Trust
Feb 23, 2010
—
Westhaven Properties Ptshp
Trust 493
Grant Deed
related
—
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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