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Property profile & analytics
OFF-MARKET
Parking lots & garages
2834 Edgington St, Franklin Park, IL 60131-2754
Individually Owned
6-yr Hold
Free & Clear
Property ID
US28-2736742
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1937
Lot
0.07 ac (3,125 SF)
APN
12-27-121-021
UPID
US28-2736742
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
Michael E Allen · 6 yrs held
Michael E Allen
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 Franklin Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin Park 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,257
Tax year 2022
Assessed value
$3,966
Assessed 2022
Previous assessed
$3,185
+24.5% YoY
Effective rate
31.69%
On assessed value
Assessed land
$2,812
Assessed improvement
$1,154
Land market value
$28,120
Improvement market value
$11,540
Total market value
$39,660
Applied tax rate
20,026.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1937
Heating
NONE
Lot
0.07 ac (3,125 SF)
APN
12-27-121-021
UPID
US28-2736742
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
1937
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Michael E Allen
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 14, RIVER GROVE, IL 60171-0014
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2019
$195,000
Michael E Allen
Federal Hm Lns Corp
Grant Deed
—
Dec 11, 2017
—
Federal Hm Ln Mtg Corp
Judicial Sales Corp|ruszczak,jadwiga & Leszek
Trustees Deed
related
—
May 25, 2010
—
Sylvia R Jadwiga
Leszek,marek R
Quit Claim Deed
related
—
May 24, 2001
$233,000
Leszek Ruszczak
Medina,jorge
Grant Deed
$221,350 · Abn Amro Mortgage Group INC
Feb 5, 2001
$175,000
Jorge Medina
Franke,wilbur C
Grant Deed
$157,500 · Molton Allen & Williams Mtg Co
—
—
Leszek M Ruszczak
—
Deed Of Trust
related
$20,000 · Mid America Bank Fsb
—
—
Leszek M Ruszczak
—
Deed Of Trust
related
$208,000 · Mid America Bank Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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