Property profile

16532 Cres Ave 2 Tinley Park, IL 60477

OFF-MARKET
Residential income homes
Property ID
US28-1357760
4,293 SF 0.25 ac lot Built 1983
Individually Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,293 SF
Lot 0.25 ac (10,716 SF)
APN 27-24-310-011
UPID US28-1357760

Cap rate & NOI

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

Location

16532 Cres Ave, Unit 2 Tinley Park, IL 60477-1892
Tinley Park metro Census 824123 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$626k
Blend (final) Blend
$600k

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2022
Price N/A
2015
Price N/A
2008
Price N/A
1998
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $940,000 +62.5%
Retail stores $640,000 +10.5%

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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