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    Property profile & analytics

    218 Lathrop Ave, Unit 1 Forest Park, IL 60130-1277

    • Residential income homes
    • 2,292 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 30, 2023
    Location Intelligence
    Property ID
    US28-2409476
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 218 Lathrop Ave

    Year built
    1918
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    2,292 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    15-12-422-008
    APU
    1512422008

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8142
    Latitude
    41.8823
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,778
    $2,866
    $24,416
    $27,282
    -
    $28,660
    $244,160
    $272,820

    Comparable in this City

    • Value Estimation by Request
      2,004 SF

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      2,108 SF

      844 Dunlop Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,108 SF
      844 Dunlop Ave, Forest Park, IL 60130-2059
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    • Value Estimation by Request
      2,730 SF

      1426 Elgin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,730 SF
      1426 Elgin Ave, Forest Park, IL 60130-2665
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      2,322 SF

      901 Elgin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,322 SF
      901 Elgin Ave, Forest Park, IL 60130-2893
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    • Value Estimation by Request
      3,070 SF

      627 Elgin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,070 SF
      627 Elgin Ave, Forest Park, IL 60130-3214
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    • Value Estimation by Request
      3,144 SF

      947 Elgin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,144 SF
      947 Elgin Ave, Forest Park, IL 60130-2328
      View Details

    Similar Nearby for Sale

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    • New
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      Forest Park Multi-Unit Brick Building

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    • Contact for pricing
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    Similar Nearby for Lease

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      3,049 SF

      Renovated Retail/Office Space Available

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    • Contact for pricing
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      High-profile retail center, spaces available.
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    • $52 SF/Yr

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      Storefront in central Forest Park with high traffic exposure.
      408 Thomas Ave, Forest Park, IL 60130
      View Details
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    218 Lathrop Ave, Unit 1
    Forest Park, IL 60130-1277
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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