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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Garden apartment buildings
321 Maple Ave, Oak Park, IL 60302-3419
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2030082
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1950
Total area
6,480 SF
Lot
0.2 ac (8,500 SF)
APN
16-07-314-005
UPID
US28-2030082
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
$1.02M
Blend (final)
Blend
$810k
Owner & transaction history
Madison Elgin Mgmt Co LLC · 9 yrs held
Madison Elgin Mgmt Co LLC
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,170,000
Current use
RETAIL STORES
$965,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$125 / 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
$29,555
Tax year 2022
Assessed value
$76,965
Assessed 2022
Previous assessed
$76,965
+0.0% YoY
Effective rate
38.40%
On assessed value
Assessed land
$21,250
Assessed improvement
$55,715
Land market value
$212,500
Improvement market value
$557,150
Total market value
$769,650
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
1950
Heating
NONE
Stories
2
Total area
6,480 SF
Lot
0.2 ac (8,500 SF)
APN
16-07-314-005
UPID
US28-2030082
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
$1.2M
RETAIL STORES
Est. value
$965,000
APARTMENT HOUSE (5+ UNITS) Current
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
1950
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Madison Elgin Mgmt Co LLC
Entity
Mailing address
7204 MADISON ST, FOREST PARK, IL 60130-3107
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
—
Madison Elgin Management Company Ll
—
Deed
related
$955,000 · Forest Park National Bank & Trust Co
Apr 20, 2017
$790,000
Madison Elgin Mgmt Co LLC
Trust 051585
Grant Deed
$948,000 · Forest Park Nat'l Bk
Feb 23, 2005
—
Trust 051585
Burton,edy
Warranty Deed
$350,000 · Shorebank
—
—
Trust 051585
—
Deed Of Trust
related
$60,000 · Shorebank
—
—
Edy Burton
—
Deed Of Trust
related
$16,000 · Oak Park Village (il)
—
—
Trust 051585
—
Deed Of Trust
related
$430,000 · Shorebank
—
—
Trust 051585
—
Deed Of Trust
related
$50,000 · Shorebank
—
—
Edy Burton
—
Deed Of Trust
related
$24,000 · Oak Park Village (il)
—
—
Edy Burton
—
Deed Of Trust
related
$240,000 · Interbay Funding LLC
—
—
Edy Barton
—
Deed Of Trust
related
$20,000 · Village Of Oak Park
—
—
Trust 051585
—
Deed Of Trust
related
$75,000 · Park National 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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