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Property profile & analytics
FOR SALE
Residential income homes
1622 40th Ave Stone Park, IL 60165-1112
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-5122620
For Sale
$319,900
1622 40th Ave, Stone Park, IL 60165-1112
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1944
Construction
FRAME
Total area
1,712 SF
Lot
0.09 ac (3,750 SF)
APN
15-04-116-075
UPID
US28-5122620
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
First Stone 40th Mk Property · 9 yrs held
First Stone 40th Mk Property
since 2016
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 Stone Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Park 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
$10,126
Tax year 2022
Assessed value
$20,563
Assessed 2022
Previous assessed
$20,563
+0.0% YoY
Effective rate
49.24%
On assessed value
Assessed land
$2,906
Assessed improvement
$17,657
Land market value
$29,060
Improvement market value
$176,570
Total market value
$205,630
Applied tax rate
31,019.0000
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
For Sale
Year built
1944
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
2
Bathrooms
2
Total area
1,712 SF
Lot
0.09 ac (3,750 SF)
APN
15-04-116-075
UPID
US28-5122620
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
1944
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
First Stone 40th Mk Property
Entity
Mailing address
1047 N OAK PARK AVE, OAK PARK, IL 60302-1325
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2016
—
First Stone 40th Mk Property
Kostopoulos,mary
Quit Claim Deed
related
—
Feb 7, 2013
$51,000
Shahriyar Sufi
Galarza,juan C & Maria C
Warranty Deed
—
Sep 24, 2008
$95,000
Juan C Galarza
Emc Mortgage
Corporation Deed
$80,750 · American Mortgage Network INC
Feb 8, 2008
—
Emc Mortgage
Circuit Court Of Cook County
Trustees Deed
related
—
Oct 12, 2004
$195,000
Jose Carrera
Perez,jose F & Elvia
Warranty Deed
$156,000 · Countrywide Home Loans INC
Mar 15, 2001
—
Jose R Perez
Perez,jose R & Eva
Quit Claim Deed
related
$104,545 · Fleet National Bank
—
—
Jose R Perez
—
Deed Of Trust
related
$103,800 · Principal Residential Mtg
—
—
Jose Carrera
—
Deed Of Trust
related
$76,479 · Countrywide Home Loans INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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