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    Property profile & analytics

    407 Illinois St Lemont, IL 60439-3705

    • Residential income homes
    • 1,321 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $90,000
    Last Sale
    Feb 05, 2024
    $105,000
    Location Intelligence
    Property ID
    US28-5898011
    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 407 Illinois St

    Year built
    1886
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property size
    1,321 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    22-20-420-018
    APU
    2220420018

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -87.998
    Latitude
    41.6743
    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
    $4,101
    $1,464
    $15,429
    $16,893
    -
    $14,640
    $154,290
    $168,930

    Comparable in this City

    • Value Estimation by Request
      3,059 SF

      410 Porter St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,059 SF
      410 Porter St, Lemont, IL 60439-3867
      View Details
    • Value Estimation
      $275,000
      1,776 SF

      315 Illinois St, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,776 SF
      315 Illinois St, Lemont, IL 60439-5405
      View Details
    • Value Estimation
      $340,000
      3,276 SF

      113 Stephen St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,276 SF
      113 Stephen St, Lemont, IL 60439-3407
      View Details
    • Value Estimation
      $525,000
      3,456 SF

      803 Hickory St, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,456 SF
      803 Hickory St, Lemont, IL 60439-4241
      View Details
    • Value Estimation
      $335,000
      3,017 SF

      312 Short St, Unit 4

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,017 SF
      312 Short St, Lemont, IL 60439-4277
      View Details
    • Value Estimation
      $295,000
      3,017 SF

      328 Short St, Unit 4

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,017 SF
      328 Short St, Lemont, IL 60439-4281
      View Details

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      Downtown Lemont Vacant Land Parcel

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      Established Nail Salon For Sale

      High-traffic nail salon with steady income and strong customer base.
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    Similar Nearby for Lease

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      Secured Lot for Rent

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    407 Illinois St
    Lemont, IL 60439-3705
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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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