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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Garden apartment buildings
3546 147th St Midlothian, IL 60445-3034
Entity Owned
~
Est. High Equity
Property ID
US28-0305800
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Total area
4,480 SF
Lot
0.17 ac (7,500 SF)
APN
28-11-223-027
UPID
US28-0305800
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
$665k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$600k
Owner & transaction history
Innorid LLC
Innorid LLC
since 2025
Last sale
$599,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$980,000
+90.6%
Retail stores
$670,000
+29.6%
Office building
$600,000
+16.2%
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 Midlothian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midlothian 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
$660,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$800,000
7%
$740,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$515,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$545,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $599k (Nov 25 2025)
Last sale anchor
$599k
Nov 25 2025
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
$134 / 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
$17,675
Tax year 2022
Assessed value
$37,620
Assessed 2022
Previous assessed
$37,620
+0.0% YoY
Effective rate
46.98%
On assessed value
Assessed land
$6,000
Assessed improvement
$31,620
Land market value
$60,000
Improvement market value
$316,200
Total market value
$376,200
Applied tax rate
13,036.0000
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
1966
Heating
NONE
Stories
2
Total area
4,480 SF
Lot
0.17 ac (7,500 SF)
APN
28-11-223-027
UPID
US28-0305800
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
$515,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$980,000
RETAIL STORES
Est. value
$670,000
OFFICE BUILDING
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$545,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1966
Heating
NONE
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Innorid LLC
Entity
Mailing address
PO BOX 9242, NAPERVILLE, IL 60567-0242
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$599,000
Innorid LLC
Rmf2 Investments LLC
Warranty Deed
$471,200 · Cornerstone National Bank & Trust C
Jun 24, 2021
—
Rmf2 Investments LLC
Michael Harwood
Quit Claim Deed
related
$300,000 · Firstsecure Bank & Trust Co
Nov 3, 2017
$580,000
Michael Harwood
Pmd LLC
Grant Deed
$360,000 · Sarno Inv Props LLC-mortgages
Sep 8, 2015
—
Pmd LLC
Sarno Investment Property LLC
Grant Deed
related
$360,000 · Sarno Inv Props LLC-mortgages
Feb 25, 2004
$269,000
Samo Investment LLC Properties
Mathew,philip
Grant Deed
$214,900 · Mid America Bank Fsb
May 14, 2002
$265,000
Philip Matthew
Palos Bank & Trust Co Trustee
Grant Deed
$212,000 · Bank Financial Fsb
—
—
Palos Bank & Trust Co Trustee
—
Deed Of Trust
related
$191,250 · Covest Banc NA
—
—
Palos Bank & Trust Co Trustee
—
Deed Of Trust
related
$150,000 · Citibank Fsb
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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