New search
Property profile & analytics
OFF-MARKET
Office buildings
24 Scranton Ave, Lake Bluff, IL 60044-2543
Entity Owned
~
Est. High Equity
Property ID
US28-1359911
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1886
Construction
BRICK
Total area
6,200 SF
Lot
0.09 ac (3,964 SF)
APN
12-21-109-023
UPID
US28-1359911
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
Lb Village Commons LLC
Lb Village Commons LLC
since 2025
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 Lake Bluff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Bluff 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,269
Tax year 2023
Assessed value
$228,726
Assessed 2023
Previous assessed
$215,849
+6.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$54,212
Assessed improvement
$174,514
Land market value
$162,652
Improvement market value
$523,594
Total market value
$686,246
Applied tax rate
10,011.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1886
Construction
BRICK
Heating
NONE
Total area
6,200 SF
Lot
0.09 ac (3,964 SF)
APN
12-21-109-023
UPID
US28-1359911
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
1886
Construction
BRICK
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
Lb Village Commons LLC
Entity
Mailing address
PO BOX 155, LAKE BLUFF, IL 60044-0155
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
$3,450,000
Lb Village Commons LLC
Lake Effect Holdings LLC
Special Warranty Deed
$2,550,000 · Byline Bank
Apr 11, 2012
—
Baytree Natl Bk & Trust Co
Lake Effect Dev II LLC
Warranty Deed
—
Apr 11, 2012
$4,300,000
Lake Effect Holdings LLC
Baytree Natl Bk & Trust Co
Trustees Deed
related
$2,800,000 · Baytree National Bank & Trust
Jun 14, 2007
—
Lake Effect Dev II LLC
Village Of Lake Bluff
Quit Claim Deed
related
—
Mar 1, 2006
—
Lake Effect Dev II LLC
—
Trustees Deed
related
$1,260,432 · Baytree National Bank & Trust
Jan 4, 2006
$850,000
Lake Effect Dev II LLC
Aviza,august
Warranty Deed
$680,000 · Baytree National Bank & Trust
Apr 28, 2005
—
August Aviza
—
Trustees Deed
related
$40,000 · Baytree National Bank & Trust
—
—
Augustinas Aviza
—
Deed Of Trust
related
$180,000 · Lake Forest Bank & Trust Co
—
—
Lake Effect Holdings LLC
—
Deed Of Trust
related
$1,300,000 · Cowles Louise L 1967 Trust
—
—
Lake Effect Holdings LLC
—
Deed Of Trust
related
$2,500,000 · Pawlick Marian P Trust (pt)
—
—
August Aviza
—
Deed Of Trust
related
$30,000 · Lake Forest Bank & Trust Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 24 Scranton Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
