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Property profile & analytics
OFF-MARKET
Residential income homes
228 Main St Lemont, IL 60439-3672
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US28-2020792
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1856
Construction
FRAME
Total area
2,024 SF
Lot
0.07 ac (2,860 SF)
APN
22-20-312-013
UPID
US28-2020792
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
-
Signature Illinois Real Estate Group Real Estate Agency
-
Stock Supply Company Building Supply Industrial Manufacturer
-
Christopher Knollin, Good Realty Co Real Estate Agency
-
Spira Farms Food Processing Plant
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
Prudent Investments LLC · 6 yrs held
Prudent Investments LLC
since 2020
Last sale
$334,500
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 Lemont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lemont 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
$6,242
Tax year 2022
Assessed value
$25,711
Assessed 2022
Previous assessed
$25,711
+0.0% YoY
Effective rate
24.28%
On assessed value
Assessed land
$1,573
Assessed improvement
$24,138
Land market value
$15,730
Improvement market value
$241,380
Total market value
$257,110
Applied tax rate
19,028.0000
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
1856
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
2
Bathrooms
5
Total area
2,024 SF
Lot
0.07 ac (2,860 SF)
APN
22-20-312-013
UPID
US28-2020792
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
1856
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Bathrooms
5
Lot
0.07 ac
Current owner
From public records · entity-resolved
Prudent Investments LLC
Entity
Mailing address
1233 NAPERVILLE DR, ROMEOVILLE, IL 60446-1041
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Apr 24, 2020
—
Prudent Investments LLC
John Fairclough
Warranty Deed
related
—
Sep 2, 2010
—
John R Fairclough
—
Trustees Deed
related
$272,038 · Republic Bank Chicago
Jul 1, 2010
—
John R Fairclough
—
Trustees Deed
related
$272,038 · Republic Bank Chicago
Mar 30, 2000
$334,500
John Fairclough
American Nat'l Bk&tr Chgo Ttee
Grant Deed
$267,600 · National Bank Commerce Tr & Sa
—
—
John R Fairclough
—
Deed Of Trust
related
$261,387 · Republic Bank Chicago
—
—
John R Fairclough
—
Deed Of Trust
related
$50,000 · National Bank Commerce Tr & Sa
—
—
John R Fairclough
—
Deed Of Trust
related
$272,038 · Republic Bank Chicago
—
—
John R Fairclough
—
Deed Of Trust
related
$347,408 · Republic Bank Chicago
—
—
John R Fairclough
—
Deed Of Trust
related
$562,500 · Security Bank Dupage
—
—
John R Fairclough
—
Deed Of Trust
related
$300,000 · National Bank Commerce Tr & Sa
—
—
John R Fairclough
—
Deed Of Trust
related
$272,038 · National Bank Commerce Tr & Sa
—
—
John R Fairclough
—
Deed Of Trust
related
$479,962 · National Bank Commerce Tr & Sa
—
—
John R Fairclough
—
Deed Of Trust
related
$387,680 · Republic Bank Chicago
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.
Try Rey
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