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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Residential income homes
329 Park Ave1fl, River Forest, IL 60305-2035
Individually Owned
4-yr Hold
Property ID
US28-0490379
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1924
Construction
FRAME
Total area
2,566 SF
Lot
0.18 ac (8,010 SF)
APN
15-12-303-005
UPID
US28-0490379
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
$865k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$616k
Blend (final)
Blend
$720k
Owner & transaction history
Daniel F Moran · 4 yrs held
Daniel F Moran
since 2021
Last sale
$727,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+97.7%
Neighborhood: shopping center
$565,000
+0.9%
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 River Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs River Forest 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
$875,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$560,000
Current use
COMMERCIAL (GENERAL)
$1,100,000
Change: +98% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $727k (Aug 31 2021)
Last sale anchor
$727k
Aug 31 2021
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
$281 / 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
$13,266
Tax year 2022
Assessed value
$41,081
Assessed 2022
Previous assessed
$41,081
+0.0% YoY
Effective rate
32.29%
On assessed value
Assessed land
$7,409
Assessed improvement
$33,672
Land market value
$74,090
Improvement market value
$336,720
Total market value
$410,810
Applied tax rate
33,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1924
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
3
Total area
2,566 SF
Lot
0.18 ac (8,010 SF)
APN
15-12-303-005
UPID
US28-0490379
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
$560,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1924
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Daniel F Moran
Individual
Mailing address
329 PARK AVE APT #1, RIVER FOREST, IL 60305-2035
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
$727,000
Daniel F Moran
329 Park LLC
Warranty Deed
$581,600 · Forest Park National Bank & Trust C
Mar 30, 2021
—
329 Park LLC
Scott Keith
Quit Claim Deed
related
—
Jul 24, 2002
$409,000
Scott T Keith
Kessler,don T
Grant Deed
$327,200 · Charter One Bank
Oct 23, 1997
—
Don T Kessler
Kessler
Quit Claim Deed
related
$161,700 · Mortgage Service Ame
Oct 22, 1997
—
Don T Kessler
Kessler,don T
Quit Claim Deed
related
$161,700 · Mortgage Service America Co
—
—
Don T Kessler
—
Deed Of Trust
related
$80,000 · First American Savings Bank
—
—
Don T Kessler
—
Deed Of Trust
related
$227,500 · Washington Mutual Fsb
—
—
Scott T Keith
—
Deed Of Trust
related
$327,000 · National City Mortgage Co
—
—
Scott Keith
—
Deed Of Trust
related
$40,000 · Charter One 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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