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Property profile & analytics
OFF-MARKET
Community centers
1903 Mannheim Rd 29, Melrose Park, IL 60160-1012
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-2179973
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Lot
11.63 ac (506,603 SF)
APN
12-33-301-024
UPID
US28-2179973
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
-
ATM Atm
-
DMV Government Office
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
A10 Cap Reo Melrose Crossing LLC · 1 yrs held
A10 Cap Reo Melrose Crossing LLC
since 2025
6 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 Melrose Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose 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
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
$903,634
Tax year 2022
Assessed value
$2,691,561
Assessed 2022
Previous assessed
$2,688,384
+0.1% YoY
Effective rate
33.57%
On assessed value
Assessed land
$1,772,764
Assessed improvement
$918,797
Land market value
$7,091,056
Improvement market value
$3,675,188
Total market value
$10,766,244
Applied tax rate
20,036.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Lot
11.63 ac (506,603 SF)
APN
12-33-301-024
UPID
US28-2179973
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
1985
Heating
NONE
Stories
1
Lot
11.63 ac
Current owner
From public records · entity-resolved
A10 Cap Reo Melrose Crossing LLC
Entity
Mailing address
18 E 48TH ST RM #702, NEW YORK, NY 10017-1050
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2025
—
A10 Cap Reo Melrose Crossing LLC
Melrose Crossing Owner LLC
Deed
related
—
Dec 31, 2019
$11,000,000
Melrose Crossing Owner LLC
V & V LLC
Trustees Deed
$10,800,000 · A10 Cap
Nov 9, 2004
$7,333,333
V & V LLC
Ingraffia-gambino Invs LLC
Grant Deed
—
Sep 28, 2004
—
Ingraffia-gambino Invs LLC
Ingraffia A F Trust
Quit Claim Deed
related
$11,155,000 · Lasalle National Bank
—
—
Trust 133308
—
Deed Of Trust
related
$8,250,000 · Citibank Fsb
—
—
Ingraffia Gambino Invs LLC
—
Deed Of Trust
related
$5,055,000 · Lasalle National 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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