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Property profile & analytics
OFF-MARKET
Residential income homes
1540 59th St Chicago, IL 60636-1745
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US28-4233909
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1893
Construction
FRAME
Total area
2,112 SF
Lot
0.08 ac (3,350 SF)
APN
20-17-124-031
UPID
US28-4233909
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Marvin Cosby · 15 yrs held
Marvin Cosby
since 2010
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$1,645
Tax year 2022
Assessed value
$7,999
Assessed 2022
Previous assessed
$7,999
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$2,177
Assessed improvement
$5,822
Land market value
$21,770
Improvement market value
$58,220
Total market value
$79,990
Applied tax rate
72,163.0000
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
1893
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
2
Bathrooms
3
Total area
2,112 SF
Lot
0.08 ac (3,350 SF)
APN
20-17-124-031
UPID
US28-4233909
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
1893
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Marvin Cosby
Individual
Mailing address
5851 S ASHLAND AVE, CHICAGO, IL 60636-1736
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2010
$20,000
Marvin Cosby
Federal Home Loan Mtg Corp
Grant Deed
—
Oct 12, 2010
—
Marvin Cosby
Cosby,marvin & Lynette
Quit Claim Deed
related
—
Jul 27, 2010
—
Federal Home Loan Mtg Corp
Intercounty Judicial Sales Cor
Trustees Deed
related
—
Oct 26, 2006
$250,000
Beatrice E Velez
Palma,francisco
Warranty Deed
—
Apr 27, 2005
—
Francisco Palma
Palma,francisco
Quit Claim Deed
related
—
Mar 17, 2005
$210,000
Francisco Palma
K I R Property Investments INC
Warranty Deed
$168,000 · Argent Mortgage Company LLC
Aug 13, 2003
—
K I R Property Investments INC
—
Trustees Deed
related
$112,000 · Plaza Bank NA
Jun 12, 2003
$48,000
K I R Property Investments INC
Wells Fargo Bank Mn NA Ttee
Grant Deed
—
Dec 4, 2002
—
Wells Fargo Bank Minnesota
Moore
Trustees Deed
related
—
—
—
Beatrice E Velez
—
Deed Of Trust
related
$200,000 · First Franklin
—
—
Bettie L Moore
—
Deed Of Trust
related
$84,700 · Ameriquest Mortgage Corp
—
—
Milton Moore
—
Deed Of Trust
related
$72,900 · Contimortgage Corp
—
—
Beatrice E Velez
—
Deed Of Trust
related
$50,000 · First Franklin
—
—
Milton Moore
—
Deed Of Trust
related
$2,573 · Galaxie Lumber & Construction
—
—
Milton Moore
—
Deed Of Trust
related
$41,250 · New Century Mortgage
—
—
Milton Moore
—
Deed Of Trust
related
$70,200 · Harbor Financial Group
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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