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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Residential income homes
3024 Harlem Ave, Riverside, IL 60546-1763
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-4722980
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,615 SF
Lot
0.21 ac (9,100 SF)
APN
15-25-418-037
UPID
US28-4722980
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
$335k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$540k
Owner & transaction history
Tulip LLC · 2 yrs held
Tulip LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$795,000
+33.2%
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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
$335,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$540,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$485,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$149 / 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
$12,609
Tax year 2022
Assessed value
$32,918
Assessed 2022
Previous assessed
$32,918
+0.0% YoY
Effective rate
38.30%
On assessed value
Assessed land
$7,962
Assessed improvement
$24,956
Land market value
$79,620
Improvement market value
$249,560
Total market value
$329,180
Applied tax rate
34,006.0000
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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,615 SF
Lot
0.21 ac (9,100 SF)
APN
15-25-418-037
UPID
US28-4722980
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
RETAIL STORES
Est. value
$540,000
OFFICE BUILDING
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Tulip LLC
Entity
Mailing address
1020 OAKLAND DR, BARRINGTON, IL 60010-6307
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
—
Tulip LLC
Shabbir Hussain
Warranty Deed
—
Aug 10, 2023
$643,000
Shabbir Hussain
Christopher Dulla
Warranty Deed
—
Jan 18, 2017
$375,000
Christopher Dulla
Lsf9 Master Participat Trust
Grant Deed
$281,250 · United Hm Lns
Nov 24, 2006
$580,000
Richard Hank
Brian Johnson
Warranty Deed
$464,000 · Long Beach Mortgage Co
Jan 10, 2003
$506,000
Brian Johnson
Nettles,karon Y
Grant Deed
$300,000 · First Horizon Home Loan Corp
Apr 22, 2002
$480,000
Daron Y Nettles
Campagna-marano Real Est Corp
Grant Deed
$280,000 · Mid America Bank Fsb
Jan 25, 2002
$380,000
Campagna Marano
Fifth Third Bank Chgo Ttee
Grant Deed
$304,000 · Great Lakes Bank
—
—
Brian Johnson
—
Deed Of Trust
related
$301,000 · First Horizon Home Loan Corp
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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