Property profile

16 Illinois St Lemont, IL 60439

OFF-MARKET
Residential income homes
Property ID
US28-2422825
2,832 SF 0.13 ac lot Built 1879
Individually Owned Free & Clear
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Property summary

AI-generated overview

A two-flat multi-family property in historic Lemont with a limestone exterior on a 0.13-acre lot. The building consists of two stacked, matching units; the first-floor unit includes an eat-in kitchen, living room, formal dining room, three bedrooms, one full bathroom, and an in-unit washer and dryer. The second-floor unit is configured similarly, with a designated area for a washer and dryer. The property includes a two-car garage and street parking. Upgrades and components include newer windows, a roof that has been replaced, and a boiler that was replaced in 2023. The property is configured for multi-unit occupancy suitable for owner-occupant and rental arrangements.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1879
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,832 SF
Lot 0.13 ac (5,808 SF)
APN 22-20-313-007
UPID US28-2422825

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16 Illinois St Lemont, IL 60439-3608
Lemont metro Census 824005 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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