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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Residential income homes
1625 Taft Ave, Berkeley, IL 60163-1461
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1846547
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,462 SF
Lot
0.17 ac (7,600 SF)
APN
15-07-400-019
UPID
US28-1846547
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
Current use
Occupant on record · Public records
-
P K's Pantry Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$570k
Owner & transaction history
Berkeley Investment Property LLC · 4 yrs held
Berkeley Investment Property LLC
since 2022
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$665,000
+5.2%
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 Berkeley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkeley 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
$660,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$630,000
Current use
RETAIL STORES
$665,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$595,000
Change: -6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$540,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $575k (Jun 21 2022)
Last sale anchor
$575k
Jun 21 2022
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
$128 / 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
$14,749
Tax year 2022
Assessed value
$33,570
Assessed 2022
Previous assessed
$33,570
+0.0% YoY
Effective rate
43.94%
On assessed value
Assessed land
$2,850
Assessed improvement
$30,720
Land market value
$28,500
Improvement market value
$307,200
Total market value
$335,700
Applied tax rate
31,026.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Units
4
Bathrooms
5
Total area
4,462 SF
Lot
0.17 ac (7,600 SF)
APN
15-07-400-019
UPID
US28-1846547
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$630,000
RETAIL STORES
Est. value
$665,000
OFFICE BUILDING
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Berkeley Investment Property LLC
Entity
Mailing address
PO BOX 68005, SCHAUMBURG, IL 60168-0005
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
$575,000
Berkeley Investment Property LLC
Sanya Realty LLC
Warranty Deed
$506,337 · Consumers Cooperative Cu
Mar 30, 2018
—
Sanya Realty LLC
Patel,rahul M
Quit Claim Deed
related
$881,300 · Consumers Cooperative Cu
Mar 2, 2004
$292,500
Rahul M Patel
Fnbw Bank Trustee
Grant Deed
$204,000 · Emigrant Mortgage
Oct 28, 1998
$225,000
First National Bank Wheaton
Near North National Exchange C
Grant Deed
related
$168,000 · First National Bank Wheaton
Oct 21, 1998
—
Near North National Exchange
Luurs,james & Carol
Trustees Deed
$225,000 · Seller
—
—
Fnbw Bank Trustee
—
Deed Of Trust
related
$215,000 · Fnbw Bank
—
—
James Luurs
—
Deed Of Trust
related
$50,000 · Individual
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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