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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Residential income homes
2441 Oakley Ave, Chicago, IL 60608-4901
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-5789815
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,789 SF
Lot
0.06 ac (2,458 SF)
APN
17-30-116-018
UPID
US28-5789815
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
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$520k
Owner & transaction history
Franco Morelia INC · 7 yrs held
Franco Morelia INC
since 2019
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
by Request
ML approach
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$90 / 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
$9,992
Tax year 2022
Assessed value
$52,000
Assessed 2022
Previous assessed
$52,000
+0.0% YoY
Effective rate
19.22%
On assessed value
Assessed land
$7,374
Assessed improvement
$44,626
Land market value
$73,740
Improvement market value
$446,260
Total market value
$520,000
Applied tax rate
77,021.0000
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
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
3
Total area
5,789 SF
Lot
0.06 ac (2,458 SF)
APN
17-30-116-018
UPID
US28-5789815
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
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Franco Morelia INC
Entity
Mailing address
2441 S OAKLEY AVE, CHICAGO, IL 60608-4901
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2019
—
Franco Morelia INC
Aviator Management INC
Quit Claim Deed
related
—
Jan 23, 2019
$400,000
Hope Esser
Franco Morelia INC
Warranty Deed
—
Jan 25, 2017
—
Aviator Management INC
Franco Morelia INC
Quit Claim Deed
related
—
Nov 28, 2012
$360,000
Franco Morelia INC
Pab R/e Holdings LLC-series 1
Warranty Deed
—
Jul 20, 2012
—
Pab R/e Holdings LLC-series 1
Pan American Bk
Quit Claim Deed
related
—
Nov 7, 2011
—
Pan American Bk
Judicial Sales Corp
Trustees Deed
related
—
Oct 13, 2006
$745,000
Victor Gonzalez
Soltan Group INC
Warranty Deed
$592,000 · Silver Hill Financial LLC
Oct 13, 2006
—
Soltan Group INC
Trust 99-1013
Grant Deed
related
—
Apr 19, 2005
—
Soltan Group INC
—
Trustees Deed
related
$260,000 · International Bank Of Chicago
Jun 6, 2003
—
Soltan Group INC
International Bk Chicago Ttee
Grant Deed
$328,922 · Community Bank Of Lawndale
—
—
International Bank Chgo Ttee
—
Deed Of Trust
related
$130,900 · International Bank Of Chicago
—
—
International Bank Chgo Ttee
—
Deed Of Trust
related
$88,000 · International Bank Of Chicago
—
—
International Bank Chgo Ttee
—
Deed Of Trust
related
$220,000 · Bank Of Lawndale
—
—
Internationl Bank Chgo Ttee
—
Deed Of Trust
related
$120,000 · Community Bank Of Lawndale
—
—
Soltan Group INC
—
Deed Of Trust
related
$700,000 · Cole Taylor Bank
—
—
Victor E Gonzalez
—
Deed Of Trust
related
$675,000 · Pan American Bank
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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