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    Property profile & analytics

    329 Park Ave1fl River Forest, IL 60305-2035

    • Residential income homes
    • 2,566 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $815,000
    Last Sale
    Aug 31, 2021
    $727,000
    Location Intelligence
    Property ID
    US28-0490379
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 329 Park Ave1fl

    Year built
    1924
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    2,566 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    15-12-303-005
    APU
    1512303005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $755,000
      6.5%
      $710,000
      7%
      $625,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $675,000
      Geo Method
      $665,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $795,000
      Retail
      $810,000
      Mixed-Use
      $835,000
      Hospitality
      $690,000
      Educational
      $645,000
      Residential Income
      $645,000
      Energy
      $750,000
      Income-Based Land
      $785,000
      Food Service
      $650,000

    Location Insight

    • Map
    • Local Demand
    City
    River Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.8191
    Latitude
    41.8857
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $13,266
    $7,409
    $33,672
    $41,081
    -
    $74,090
    $336,720
    $410,810

    Comparable in this City

    • Value Estimation by Request
      3,802 SF

      1135 Bonnie Brae Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,802 SF
      1135 Bonnie Brae Pl, River Forest, IL 60305-1506
      View Details
    • Value Estimation by Request
      3,531 SF

      1123 Bonnie Brae Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,531 SF
      1123 Bonnie Brae Pl, River Forest, IL 60305-1530
      View Details
    • Value Estimation by Request
      3,276 SF

      8013 Lk St, Unit 15

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,276 SF
      8013 Lk St, River Forest, IL 60305-1760
      View Details
    • Value Estimation by Request
      2,024 SF

      13 Park Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,024 SF
      13 Park Ave, River Forest, IL 60305-2059
      View Details
    • Value Estimation
      $535,000
      3,725 SF

      7357 Nn Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,725 SF
      7357 Nn Ave, River Forest, IL 60305-1230
      View Details
    • Value Estimation
      $1,105,000
      4,470 SF

      1443 Bonnie Brae Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,470 SF
      1443 Bonnie Brae Pl, River Forest, IL 60305-1285
      View Details

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      River Forest Retail/Office Suites For Sale
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    Similar Nearby for Lease

    • $18 SF/Yr
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      River Forest Office & Retail Suites

      Prime location, multiple suites available
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    • Contact for pricing
      4,042 SF

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      Retail space near CTA and Metra stations with planned residential growth.
      7231 Lake St, River Forest, IL 60305
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    River Forest, IL 60305-2035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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