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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Residential income homes
16910 Oak Park Ave, Tinley Park, IL 60477-2782
Entity Owned
3-yr Hold
Property ID
US28-5518589
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,411 SF
Lot
0.25 ac (10,980 SF)
APN
28-30-111-021
UPID
US28-5518589
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
-
JAL Midwest, Inc. Big Box & Wholesale Store
-
A-Team Speed Shop Inc Auto Parts Store
-
Bradley's Barber Shop Barber Shop
-
Tinley Park Glass & Mirror Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$414k
Blend (final)
Blend
$515k
Owner & transaction history
Agmaplus Restoration LLC · 3 yrs held
Agmaplus Restoration LLC
since 2023
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$750,000
+62.5%
Retail stores
$510,000
+10.5%
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 Tinley Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tinley 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
Method
Estimation
Statistic approach
$565,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$460,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$415,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $510k (Apr 27 2023)
Last sale anchor
$510k
Apr 27 2023
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
$151 / 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
$12,271
Tax year 2022
Assessed value
$28,807
Assessed 2022
Previous assessed
$28,807
+0.0% YoY
Effective rate
42.60%
On assessed value
Assessed land
$4,392
Assessed improvement
$24,415
Land market value
$43,920
Improvement market value
$244,150
Total market value
$288,070
Applied tax rate
13,155.0000
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
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
4
Total area
3,411 SF
Lot
0.25 ac (10,980 SF)
APN
28-30-111-021
UPID
US28-5518589
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
$460,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$750,000
RETAIL STORES
Est. value
$510,000
OFFICE BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$415,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Agmaplus Restoration LLC
Entity
Mailing address
16910 OAK PARK AVE, TINLEY PARK, IL 60477-2782
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
$510,000
Agmaplus Restoration LLC
A T S Group LLC
Deed
$255,000 · Old National Bank
Dec 5, 2022
$275,000
A T S Group LLC
Jal Property Management INC
Warranty Deed
$250,000 · Byline Bank
Sep 2, 2022
$150,000
Sp More INC
Tinley Park Asset Management LLC
Warranty Deed
—
Sep 7, 2021
$88,000
Tinley Park Asset Management LLC
First Midwest Bank
Deed
—
Sep 4, 2013
$146,000
Jal Property Management INC
Trust 19463
Grant Deed
$112,000 · Pnc Bank
Jan 8, 2007
—
Trust 19463
Kowlessar,ramchan & Patricia
Grant Deed
related
—
Aug 12, 1998
$195,000
Ranchan Kowlessar
Pettas,john
Grant Deed
$189,000 · Palos Bank & Trust
—
—
Ramchan Kowlessar
—
Deed Of Trust
related
$207,000 · Interstate Bank
—
—
Ramchan Kowlessar
—
Deed Of Trust
related
$35,000 · Interstate Bank
—
—
Jal Property Management INC
—
Loan Modification
related
$294,326 · Fifth Third Bk NA
—
—
Trust 19463
—
Deed Of Trust
related
$100,000 · Inbank
—
—
Trust 19463
—
Deed Of Trust
related
$150,000 · Inbank
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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