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Property profile & analytics
OFF-MARKET
Residential income homes
2116 Ridgeland Ave, Berwyn, IL 60402-3789
Individually Owned
13-yr Hold
Property ID
US28-0490490
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,914 SF
Lot
0.09 ac (4,026 SF)
APN
16-19-431-015
UPID
US28-0490490
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
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
Stewart Jepson · 13 yrs held
Stewart Jepson
since 2012
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 Berwyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berwyn 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
$9,688
Tax year 2022
Assessed value
$27,593
Assessed 2022
Previous assessed
$27,593
+0.0% YoY
Effective rate
35.11%
On assessed value
Assessed land
$5,233
Assessed improvement
$22,360
Land market value
$52,330
Improvement market value
$223,600
Total market value
$275,930
Applied tax rate
11,001.0000
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
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Units
3
Bathrooms
3
Total area
3,914 SF
Lot
0.09 ac (4,026 SF)
APN
16-19-431-015
UPID
US28-0490490
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
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
3
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Stewart Jepson
Individual
Mailing address
3233 FOXRIDGE CT, WOODRIDGE, IL 60517-3281
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2012
$141,000
Stewart Jepson
Fnbn I LLC
Grant Deed
$105,750 · Sierra Pacific Mortgage
Jan 12, 2012
—
Fnbn I LLC
Judicial Sales Corp
Trustees Deed
related
—
Aug 5, 1999
—
Walter D Schwartz
Schwartz,walter D
Quit Claim Deed
related
$156,000 · Countrywide Home Loans INC
Feb 5, 1998
$162,000
Walter D Schwartz
Svetec Trust
Grant Deed
$156,695 · Countrywide Home Loans INC
—
—
Walter D Schwartz
—
Deed Of Trust
related
$40,200 · Empire Funding
—
—
Walter D Schwartz
—
Deed Of Trust
related
$159,622 · Countrywide Home Loans INC
—
—
Walter D Schwartz
—
Deed Of Trust
related
$205,101 · Countrywide Home Loans INC
—
—
Walter D Schwartz
—
Deed Of Trust
related
$322,500 · Hlb Mortgage
—
—
Walter Schwartz
—
Deed Of Trust
related
$200,000 · Countrywide Home Loans INC
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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