Property profile

1640 Mark Ave Elgin, IL 60123

OFF-MARKET
Apartment buildings
Property ID
US28-5312585
7,104 SF Built 1964
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1964
Total area 7,104 SF
APN 06-10-103-007
UPID US28-5312585

Cap rate & NOI

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

Location

1640 Mark Ave Elgin, IL 60123-1987
Elgin metro Census 851910 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$830k
CAP Approach CAP
by Request
Comparable Approach Comparable
$845k
Blend (final) Blend
$830k

Owner & transaction history

since 2024
Last sale
$830,000
7 recorded transactions
2024
$830,000
2020
Price N/A
2017
$517,000
2008
Price N/A
2008
$585,000
2000
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.0M +17.8%

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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