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Property profile & analytics
OFF-MARKET
Garden apartment buildings
2247 119th St, Blue Island, IL 60406-1137
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0397261
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1959
Lot
0.07 ac (3,100 SF)
APN
25-30-101-011
UPID
US28-0397261
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
-
Affordable Auto Insurance Service Financial Advisor Insurance Agency
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
Bel Wood Suites LP · 4 yrs held
Bel Wood Suites LP
since 2022
Last sale
$475,000
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 Blue Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blue Island 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
$8,246
Tax year 2022
Assessed value
$16,530
Assessed 2022
Previous assessed
$16,530
+0.0% YoY
Effective rate
49.89%
On assessed value
Assessed land
$2,170
Assessed improvement
$14,360
Land market value
$21,700
Improvement market value
$143,600
Total market value
$165,300
Applied tax rate
14,002.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1959
Heating
NONE
Lot
0.07 ac (3,100 SF)
APN
25-30-101-011
UPID
US28-0397261
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
1959
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Bel Wood Suites LP
Entity
Mailing address
11930 WESTERN AVE STE 2C, BLUE ISLAND, IL 60406-1161
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
—
Bel Wood Suites LP
—
Deed
related
$434,000 · Northbrook Bank & Trust Co NA
Apr 13, 2022
$475,000
Bel Wood Suites LP
Strong Bmp Management LLC
Warranty Deed
—
Feb 23, 2021
—
Gregory A Jach
Gregory A Jach
Intrafamily Transfer
related
—
Apr 19, 2019
$300,500
Strong Bmp Management LLC
Brite Realty LLC
Warranty Deed
$226,875 · The Leaders Bank
Aug 10, 2017
$237,000
Brite Realty LLC
Midland States Bank
Special Warranty Deed
$177,750 · Peoplefirst Bank
Jun 9, 2017
—
Midland States Bk
Jach,gregory A
Deed In Lieu Of Foreclosure
related
—
Feb 16, 2006
$325,000
Gregory A Jach
Phillip Williams
Warranty Deed
$292,500 · First National Bank Of Grant Park
Nov 24, 2000
$275,000
Philip Williams
Great Lakes Trust Co NA
Grant Deed
$818,500 · Seaway National Bank Chicago
—
—
First Nat'l Bk Blue Island Tte
—
Deed Of Trust
related
$168,750 · Bank One NA
—
—
Phillip Williams
—
Deed Of Trust
related
$35,000 · Seaway National Bank Chicago
—
—
Phillip Williams JR.
—
Deed Of Trust
related
$35,000 · Seaway National Bank
—
—
Philli Williams JR.
—
Deed Of Trust
related
$224,000 · Charter One Bank
—
—
Gregory A Jach
—
Deed Of Trust
related
$300,918 · First National Bank Grant Park
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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