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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Garden apartment buildings
15631 Lexington Ave, Harvey, IL 60426-4368
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US28-3864117
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1922
Total area
6,883 SF
Lot
0.15 ac (6,450 SF)
APN
29-17-310-013
UPID
US28-3864117
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
$493k
Blend (final)
Blend
$820k
Owner & transaction history
Jesus Jimenez · 18 yrs held
Jesus Jimenez
since 2008
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+162.9%
Office building
$920,000
+135.7%
Auto repair, garage
$835,000
+113.8%
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 Harvey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harvey 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
RETAIL STORES
$1,025,000
Change: +163% · Conversion: Difficult
OFFICE BUILDING
$920,000
Change: +136% · Conversion: Moderate
AUTO REPAIR, GARAGE
$835,000
Change: +114% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$540,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$119 / 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
$26,768
Tax year 2022
Assessed value
$32,914
Assessed 2022
Previous assessed
$32,914
+0.0% YoY
Effective rate
81.33%
On assessed value
Assessed land
$3,870
Assessed improvement
$29,044
Land market value
$38,700
Improvement market value
$290,440
Total market value
$329,140
Applied tax rate
37,047.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1922
Heating
NONE
Cooling
YES
Stories
3
Bathrooms
3
Total area
6,883 SF
Lot
0.15 ac (6,450 SF)
APN
29-17-310-013
UPID
US28-3864117
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
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$835,000
INDUSTRIAL (GENERAL)
Est. value
$540,000
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1922
Heating
NONE
Cooling
Yes
Stories
3
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Jesus Jimenez
Individual
Mailing address
15411 LOOMIS AVE, HARVEY, IL 60426-3706
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2008
$47,000
Jesus Jimenez
Hsbc Bank USA NA 2005-1
Grant Deed
—
Oct 18, 2007
—
Hsbc Bk USA
Kallen Rlty Serv INC
Grant Deed
related
—
May 5, 2003
$145,000
Gerald Young
South Holland Trust & Sav Ttee
Grant Deed
$101,500 · Interbay Funding LLC
—
—
Sela Brown
—
Deed Of Trust
related
$50,000 · Us Bank NA Nd
—
—
Gerald Young
—
Deed Of Trust
related
$177,600 · Delta Funding
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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