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Property profile & analytics
OFF-MARKET
Residential income homes
1601 Memorial Dr, Calumet City, IL 60409-3131
Trust Owned
2-yr Hold
Property ID
US28-5581688
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,948 SF
Lot
0.11 ac (4,892 SF)
APN
29-12-419-039
UPID
US28-5581688
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
Parkway Bank And Trust Company · 2 yrs held
Parkway Bank And Trust Company
since 2024
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 Calumet City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Calumet City 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
$9,119
Tax year 2022
Assessed value
$18,864
Assessed 2022
Previous assessed
$18,864
+0.0% YoY
Effective rate
48.34%
On assessed value
Assessed land
$2,323
Assessed improvement
$16,541
Land market value
$23,230
Improvement market value
$165,410
Total market value
$188,640
Applied tax rate
37,026.0000
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
4
Total area
2,948 SF
Lot
0.11 ac (4,892 SF)
APN
29-12-419-039
UPID
US28-5581688
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Parkway Bank And Trust Company
Trust
Mailing address
4800 N HARLEM AVE, HARWOOD HEIGHTS, IL 60706-3506
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Parkway Bank And Trust Company
Steven Rhodes
Warranty Deed
—
Aug 8, 2022
$277,500
Steven Rhodes
Neighborhood Property LLC
Warranty Deed
$277,500 · Mortgage Research Center LLC
Sep 26, 2019
$70,000
Neighborhood Property LLC
Us Bank Trust NA
Special Warranty Deed
$112,789 · Tvc Funding I LLC
Sep 26, 2019
—
Lsf9 Master Participation Trust
Wells Fargo Finl Of Il
Quit Claim Deed
related
—
Feb 24, 2017
—
Wells Fargo Finl Of Il
President|graves,marion J
Trustees Deed
related
—
—
—
Marion J Graves
—
Deed Of Trust
related
$118,000 · Serve Corps Mortgage Svcs LLC
—
—
Marion J Graves Trustee
—
Deed Of Trust
related
$10,000 · St Paul Fsb
—
—
Marion J Graves
—
Deed Of Trust
related
$45,600 · St Paul Fsb
—
—
Marion J Graves
—
Deed Of Trust
related
$32,250 · St Paul Fsb
—
—
Marion J Graves
—
Deed Of Trust
related
$178,000 · Charter One Mortgage Corp
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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