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Property profile & analytics
OFF-MARKET
Apartment buildings
1613 Dill St Burlington, IA 52601-4010
Individually Owned
~
Est. High Equity
Property ID
US25-0171651
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1890
Construction
FRAME
Total area
3,185 SF
Lot
0.42 ac (18,121 SF)
Zoning code
R2
APN
16-05-384-005
UPID
US25-0171651
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
Cherie L Swan
Cherie L Swan
since 2025
Last sale
$118,000
3 recorded transactions
Zoning & alternative use
R2 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to allow for development of single family detached dwelling areas with larger or irregular shaped lots where construction may be limited to homes of larger dimensions, Certain adaptations may be allowed to accommodate alternative designs for streets and lot layouts
Zone name
Single Family Residential Non Traditional
General category
RESIDENTIAL
Zone area
2,371.47 ac
Source
Realmo
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,702
Tax year 2021
Assessed value
$101,500
Assessed 2023
Previous assessed
$71,000
+43.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$20,600
Assessed improvement
$80,900
Land market value
$20,600
Improvement market value
$80,900
Total market value
$101,500
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
1890
Construction
FRAME
Heating
YES
Cooling
NONE
Stories
2
Rooms
17
Bathrooms
4
Total area
3,185 SF
Lot
0.42 ac (18,121 SF)
Zoning code
R2
APN
16-05-384-005
UPID
US25-0171651
Jurisdiction
DES MOINES
Zoning & alternative use
R2 · Burlington, IAZoning R2 · permitted uses
R2 · Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to allow for development of single family detached dwelling areas with larger or irregular shaped lots where construction may be limited to homes of larger dimensions, Certain adaptations may be allowed to accommodate alternative designs for streets and lot layouts
Zone name
Single Family Residential Non Traditional
General category
RESIDENTIAL
Zone area
2,371.47 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Rooms
17
Bathrooms
4
Lot
0.42 ac
Current owner
From public records · entity-resolved
Cherie L Swan
Individual
Mailing address
3148 200TH ST, FORT MADISON, IA 52627-9787
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
$118,000
Cherie L Swan
Matthew B Mayhugh
Warranty Deed
$112,100 · Wells Fargo Bank NA
Sep 22, 2025
$85,000
Sky Realty LLC
Elite Property Buyers LLC
Warranty Deed
$72,250 · Danville State Savings Bank
Apr 12, 2022
$100,000
Julie Ann Keenan
Ronald W Eccles
Warranty Deed
—
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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