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Property profile & analytics
OFF-MARKET
Residential income homes
314 Locust St, Tremont, IL 61568-8147
Individually Owned
9-yr Hold
Property ID
US28-5758368
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1979
Total area
1,296 SF
Lot
0.25 ac (10,890 SF)
APN
12-12-19-101-004
UPID
US28-5758368
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
Andrew Schwenk · 9 yrs held
Andrew Schwenk
since 2017
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 Tremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tremont 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,449
Tax year 2023
Assessed value
$120,770
Assessed 2023
Previous assessed
$120,770
+0.0% YoY
Effective rate
7.82%
On assessed value
Assessed land
$11,520
Assessed improvement
$109,250
Land market value
$34,560
Improvement market value
$327,750
Total market value
$362,310
Applied tax rate
12,006.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1979
Heating
NONE
Buildings
3
Stories
1
Units
2
Total area
1,296 SF
Lot
0.25 ac (10,890 SF)
APN
12-12-19-101-004
UPID
US28-5758368
Jurisdiction
TAZEWELL
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
1979
Heating
NONE
Stories
1
Buildings
3
Units
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Andrew Schwenk
Individual
Mailing address
27110 ALLENTOWN RD, TREMONT, IL 61568-9496
Ownership since
2017
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
Feb 7, 2017
—
Andrew Schwenk
Schwenk,gordon & Mary A
Quit Claim Deed
—
Jan 3, 2017
—
Andrew Schwenk
Schwenk,gordon
Quit Claim Deed
—
Aug 2, 2006
$290,000
Andrew Schwenk
Brienen Properties LLC
Warranty Deed
$246,500 · First Farmers State Bank Minier
Aug 2, 2006
$248,500
Brienen Properties LLC
Gaylord Family Trust
Grant Deed
—
Apr 27, 2005
—
Brienen Properties LLC
Gaylord D R & L M Fam Trust
Grant Deed
related
—
—
—
Donald R Gaylord
—
Deed Of Trust
related
$155,849 · First National Bank Tremont
—
—
Andrew Schwenk
—
Deed Of Trust
related
$300,000 · Citizens Equity First Cu
—
—
Gaylord Trust
—
Deed Of Trust
related
$140,467 · First National Bank Tremont
—
—
Gaylord,tr
—
Deed Of Trust
related
$25,000 · First National Bank Tremont
—
—
Donald R Gaylord
—
Deed Of Trust
related
$12,065 · First National Bank Tremont
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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