Property profile

2491 Ter Ave Lynwood, IL 60411

OFF-MARKET
Residential income homes
Property ID
US28-0490497
4,023 SF 0.23 ac lot Built 1976
Individually Owned 15-yr Hold Absentee Owner
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Property summary

AI-generated overview

This four-unit residential building is located in Lynwood, Illinois. The exterior is constructed of brick and contains three 2-bedroom units plus one 3-bedroom, 2-bath duplex-style unit. The 3-bedroom unit is on the first floor and includes a large eat-in kitchen and a duplex layout that extends into the basement, providing additional interior living space. The property includes on-site parking for residents with eight designated spaces.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,023 SF
Lot 0.23 ac (10,150 SF)
APN 33-07-112-004
UPID US28-0490497

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2491 Ter Ave Lynwood, IL 60411-1378
Lynwood metro Census 828508 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
$369k
Blend (final) Blend
$540k

Owner & transaction history

since 2010
5 recorded transactions
2016
Price N/A
2010
$143,000
2010
Price N/A
2003
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $880,000 +209.9%
Retail stores $600,000 +110.7%
Office building $540,000 +88.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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