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Property profile & analytics
OFF-MARKET
Garden apartment buildings
312 Austin Blvd, Oak Park, IL 60302-2791
Entity Owned
~
Est. High Equity
Property ID
US28-1196767
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Total area
4,200 SF
Lot
0.2 ac (8,600 SF)
APN
16-08-305-021
UPID
US28-1196767
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
312 Oak LLC
312 Oak LLC
since 2025
Last sale
$1.7M
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 Oak Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak 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
$26,562
Tax year 2022
Assessed value
$69,172
Assessed 2022
Previous assessed
$69,172
+0.0% YoY
Effective rate
38.40%
On assessed value
Assessed land
$14,190
Assessed improvement
$54,982
Land market value
$141,900
Improvement market value
$549,820
Total market value
$691,720
Applied tax rate
27,001.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1964
Heating
NONE
Stories
2
Total area
4,200 SF
Lot
0.2 ac (8,600 SF)
APN
16-08-305-021
UPID
US28-1196767
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
1964
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
312 Oak LLC
Entity
Mailing address
1132 GRV AVE APT A, BENSENVILLE, IL 60106-2093
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
$1,700,000
312 Oak LLC
Op Apartments LLC
Special Warranty Deed
$1,190,000 · Consumers Cu
May 24, 2022
$495,000
Op Apartments LLC
Chicago Title Land Trust Company
Deed
—
Sep 2, 2021
—
Chicago Title Land Trust Company
—
Deed
related
$850,000 · Jpmorgan Chase Bank NA
Mar 7, 2018
—
Trust 132935
—
Deed
related
$761,500 · Jp Morgan Chase Bk
Jul 9, 2004
—
Trust 132935
Trust 500454-00
Quit Claim Deed
related
—
May 6, 1999
—
American Nat'l Bk&tr Chgo Ttee
Midwest Trust Svcs INC Trustee
Deed Of Trust
related
$1,350,000 · First National Bank Chicago
—
—
Trust 132935
—
Deed Of Trust
related
$661,250 · Jp Morgan Chase Bank NA
—
—
Trust 132935
—
Deed Of Trust
related
$500,000 · Washington Mutual Fsb
—
—
Trust 132935
—
Deed Of Trust
related
$20,000 · Village Of Oak Park
—
—
Trust 500454-00
—
Deed Of Trust
related
$462,500 · Midwest Bank & Trust Co
—
—
Trust 132935
—
Deed Of Trust
related
$761,500 · Jp Morgan Chase Bk
—
—
Trust 132935
—
Deed Of Trust
related
$568,000 · J P Morgan Chase 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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