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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Residential income homes
303 5th E Vly Ln, Arlington Heights, IL 60004
Entity Owned
3-yr Hold
Property ID
US28-0054162
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1969
Construction
FRAME
Total area
3,893 SF
Lot
0.25 ac (10,711 SF)
APN
03-17-301-015
UPID
US28-0054162
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
$580k
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$580k
Owner & transaction history
Ri Properties LLC · 3 yrs held
Ri Properties LLC
since 2023
Last sale
$534,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$855,000
+22.5%
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 Arlington Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington Heights 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
$595,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$580,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $534k (May 4 2023)
Last sale anchor
$534k
May 4 2023
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
$15,028
Tax year 2022
Assessed value
$56,999
Assessed 2022
Previous assessed
$56,999
+0.0% YoY
Effective rate
26.37%
On assessed value
Assessed land
$11,782
Assessed improvement
$45,217
Land market value
$117,820
Improvement market value
$452,170
Total market value
$569,990
Applied tax rate
38,023.0000
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
1969
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
4
Total area
3,893 SF
Lot
0.25 ac (10,711 SF)
APN
03-17-301-015
UPID
US28-0054162
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
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
RETAIL STORES
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1969
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ri Properties LLC
Entity
Mailing address
1245 S ARLINGTON HTS RD, ARLINGTON HEIGHTS, IL 60005-3142
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
$534,000
Ri Properties LLC
Robert J Untch And Irene Untch Rev
Deed
$696,914 · Barrington Bank & Trust Company NA
Jan 20, 2023
—
Robert J Untch & Irene Untch Amende
James Potter
Intrafamily Transfer
related
—
Jun 19, 2003
$607,500
Robert Untch
Chicago Title Land Trt Co Ttee
Grant Deed
$324,000 · Coldwell Banker Mortgage
Jul 28, 2000
—
Chicago Title Land Trust Ttee
Robb,pamela S & Frank G
Quit Claim Deed
related
—
Jul 7, 2000
—
Frank G Robb
Chicago Title Land Trt Co Ttee
Quit Claim Deed
related
$88,000 · Gn Mortgage Corp
—
—
Chicago Trust Co Trustee
—
Deed Of Trust
related
$35,000 · First Midwest Bank
—
—
Robert Untch
—
Deed Of Trust
related
$349,000 · Phh Home Loans LLC
—
—
Richard R Klicki
—
Deed Of Trust
related
$138,500 · Fifth Third Mortgage Co
—
—
Robert Untch
—
Deed Of Trust
related
$350,000 · Coldwell Banker Home Loans
—
—
Chicago Title Land Tr Co Ttee
—
Deed Of Trust
related
$89,000 · First American Savings 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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