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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Garden apartment buildings
2301 17th Ave, North Riverside, IL 60546-1042
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-0759041
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1959
Total area
6,573 SF
Lot
0.16 ac (7,125 SF)
APN
15-27-208-030
UPID
US28-0759041
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
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$820k
Owner & transaction history
Pivot Cermak LLC · 5 yrs held
Pivot Cermak LLC
since 2021
Last sale
$750,000
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 North Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Riverside 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
Method
Estimation
Statistic approach
$855,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,080,000
Current use
RETAIL STORES
$980,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $750k (Apr 1 2021)
Last sale anchor
$750k
Apr 1 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
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
$17,846
Tax year 2022
Assessed value
$60,832
Assessed 2022
Previous assessed
$60,832
+0.0% YoY
Effective rate
29.34%
On assessed value
Assessed land
$8,550
Assessed improvement
$52,282
Land market value
$85,500
Improvement market value
$522,820
Total market value
$608,320
Applied tax rate
31,044.0000
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
Stories
2
Total area
6,573 SF
Lot
0.16 ac (7,125 SF)
APN
15-27-208-030
UPID
US28-0759041
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$980,000
OFFICE BUILDING
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Pivot Cermak LLC
Entity
Mailing address
7951 OGDEN AVE, LYONS, IL 60534-1592
Ownership since
2021
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
Dec 30, 2025
—
Pivot Cermak LLC
—
Deed
related
$1,900,000 · Busey Bank
Apr 1, 2021
$750,000
Pivot Cermak LLC
Sks & Associates INC
Warranty Deed
$585,000 · Merchants And Manufacturers Bank
Feb 27, 2020
—
Sks & Associates INC
First Natl Bk Of Brookfield
Warranty Deed
related
$675,000 · First Nat'l Bk/brookfield
Nov 18, 2019
—
Ksr & Associates INC
—
Deed
related
—
Nov 2, 2011
—
First Natl Bk Of Brookfield
Trust 3564
Grant Deed
related
—
Jan 10, 2000
—
Western Springs Bk
Western Springs Bk & Trt Ttee
Quit Claim Deed
related
—
—
—
Western Springs Nat'l Bk Ttee
—
Deed Of Trust
related
$82,590 · First National Bank Brookfield
—
—
Springs Nat'l B Western
—
Deed Of Trust
related
$299,000 · Liberty Federal Bank
—
—
Ksr & Associates INC
—
Loan Modification
related
—
—
—
Sks & Associates INC
—
Deed Of Trust
related
$675,000 · First Nat'l Bk/brookfield
—
—
S K S & Associates
—
Deed Of Trust
related
$129,882 · First National Bank Brookfield
—
—
Western Springs Natl Bank Ttee
—
Deed Of Trust
related
$219,247 · First National Bank Brookfield
—
—
Western Springs Natl Bank Ttee
—
Deed Of Trust
related
$219,316 · First National Bank Brookfield
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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