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Property profile & analytics
OFF-MARKET
Residential income homes
18225 Morris Ave, Homewood, IL 60430-2146
Trust Owned
13-yr Hold
Property ID
US28-0487257
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,676 SF
Lot
0.15 ac (6,550 SF)
APN
29-31-316-003
UPID
US28-0487257
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
-
Planera Architects Architect
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
Planera,mary J Trust · 13 yrs held
Planera,mary J Trust
since 2013
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 Homewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Homewood 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
$15,044
Tax year 2022
Assessed value
$28,042
Assessed 2022
Previous assessed
$28,042
+0.0% YoY
Effective rate
53.65%
On assessed value
Assessed land
$2,620
Assessed improvement
$25,422
Land market value
$26,200
Improvement market value
$254,220
Total market value
$280,420
Applied tax rate
37,069.0000
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
3
Bathrooms
4
Total area
2,676 SF
Lot
0.15 ac (6,550 SF)
APN
29-31-316-003
UPID
US28-0487257
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
3
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Planera,mary J Trust
Trust
Mailing address
11338 WEXFORD DR, MOKENA, IL 60448-1466
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2013
$150,000
Planera,mary J Trust
Old Second Natl Bk
Grant Deed
$120,000 · Pnc Bank
Jun 21, 2012
—
Old Second Natl Bk
Sheriff Of Cook County
Trustees Deed
related
—
Mar 13, 2001
$480,000
18225 Moris Avenue LLC
Glenn,patrick L & Cheryl
Grant Deed
$400,000 · Kankakee Fsb
Mar 31, 2000
$175,000
Patrick L Glenn
American Nat'l Bk & Tr Chicago
Grant Deed
—
Mar 13, 2000
—
American Nat'l Bk & Tr Chicago
Intercounty Judicial Sales Co
Grant Deed
related
—
—
—
18225 Morris Avenue LLC
—
Deed Of Trust
related
$420,000 · Old Second National Bank
—
—
18225 Morris Ave LLC
—
Deed Of Trust
related
$390,000 · Nlsb Bank
—
—
18225 Morris Ave LLC
—
Deed Of Trust
related
$100,000 · Nlsb Bank
—
—
18225 Morris Avenue LLC
—
Deed Of Trust
related
$250,000 · Fifth Third Bank
—
—
Patrick L Glenn
—
Deed Of Trust
related
$300,000 · Kankakee Fsb
—
—
18225 Morris Ave LLC
—
Deed Of Trust
related
$100,000 · Nlsb Bank
—
—
18225 Morris Avenue LLC
—
Deed Of Trust
related
$125,000 · Bank One NA
—
—
18225 Morris Avenue LLC
—
Deed Of Trust
related
$50,000 · Kankakee Fsb
—
—
Patrick L Glenn
—
Deed Of Trust
related
$150,000 · Kankakee Fsb
—
—
Patrick L Glenn
—
Deed Of Trust
related
$81,750 · Kankakee Fsb
—
—
Patrick L Glenn
—
Deed Of Trust
related
$150,000 · Kankakee Fsb
—
—
18225 Morris Avenue LLC
—
Deed Of Trust
related
$4,154,000 · Allegiance Community Bank
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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