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    Property profile & analytics

    2542 Cochran St Blue Island, IL 60406-2455

    • Residential income homes
    • 3,788 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US28-2799738
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 2542 Cochran St

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    3,788 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    24-25-413-026
    APU
    2425413026

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $310,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $325,000
      Mixed-Use
      $275,000
      Hospitality
      $310,000
      Educational
      $295,000
      Residential Income
      $335,000
      Energy
      $310,000
      Income-Based Land
      $300,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Blue Island
    County
    Cook
    State
    Illinois
    Longitude
    -87.6844
    Latitude
    41.6666
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $6,141
    $1,612
    $11,250
    $12,862
    -
    $16,120
    $112,500
    $128,620

    Comparable in this City

    • Value Estimation by Request
      5,016 SF

      12841 Western Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,016 SF
      12841 Western Ave, Blue Island, IL 60406-2100
      View Details
    • Value Estimation by Request
      6,688 SF

      13440 Western Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,688 SF
      13440 Western Ave, Blue Island, IL 60406
      View Details
    • Value Estimation by Request
      1,568 SF

      13802 Seeley Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,568 SF
      13802 Seeley Ave, Blue Island, IL 60406-3223
      View Details
    • Value Estimation by Request
      4,548 SF

      2146 Vermont St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,548 SF
      2146 Vermont St, Blue Island, IL 60406-3742
      View Details
    • Value Estimation by Request
      3,134 SF

      12510 Vincennes Rd, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,134 SF
      12510 Vincennes Rd, Blue Island, IL 60406-1674
      View Details
    • Value Estimation by Request
      8,752 SF

      12720 Western Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 8,752 SF
      12720 Western Ave, Blue Island, IL 60406-2116
      View Details

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    Similar Nearby for Lease

    • $27 SF/Yr
      1,150 SF

      Retail Space with Drive-Thru

      End-cap retail space with drive-thru and high visibility.
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      View Details
    • Contact for pricing
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      Professionally Finished Office Space Available

      Well-built office space in a prime location for lease.
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      View Details
    • Contact for pricing
      12,197 SF

      Commercial Space in Blue Island

      Ready-to-lease commercial building with recent updates and ample parking.
      2418 Vermont St, Blue Island, IL 60406
      View Details
    • $7 SF/Yr
      13,135 SF

      Blue Island Industrial Warehouse

      13,135 SF Manufacturing/Warehouse
      13210 Western Ave, Blue Island, IL 60406
      View Details
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    2542 Cochran St
    Blue Island, IL 60406-2455
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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