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    Property profile & analytics

    409 15th N Lk Shr Palatine, IL 60067

    • Residential income homes
    • 4,230 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 12, 2024
    Location Intelligence
    Property ID
    US28-1352356
    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 409 15th N Lk Shr

    Year built
    1988
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    4,230 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    02-16-215-019
    APU
    216215019

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.066
    Latitude
    42.1181
    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
    $14,320
    $2,817
    $47,183
    $50,000
    -
    $28,170
    $471,830
    $500,000

    Comparable in this City

    • Value Estimation by Request
      3,441 SF

      140 Bothwell St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,441 SF
      140 Bothwell St, Palatine, IL 60067-5077
      View Details
    • Value Estimation by Request
      3,010 SF

      146 Brockway St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,010 SF
      146 Brockway St, Palatine, IL 60067-0417
      View Details
    • Value Estimation by Request
      4,059 SF

      624 Lk Shr Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,059 SF
      624 Lk Shr Dr, Palatine, IL 60067-2357
      View Details
    • Value Estimation by Request
      3,044 SF

      227 Nnw Hwy

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,044 SF
      227 Nnw Hwy, Palatine, IL 60067-5326
      View Details
    • Value Estimation by Request
      5,400 SF

      421 Vermont St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,400 SF
      421 Vermont St, Palatine, IL 60067-6945
      View Details
    • Value Estimation by Request
      3,464 SF

      41 Wilson St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,464 SF
      41 Wilson St, Palatine, IL 60067
      View Details

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    Similar Nearby for Lease

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      Palatine Office Space for Lease

      Prime Palatine Office, Multiple Suites Available
      616 North Ct, Palatine, IL 60067
      View Details
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    Palatine, IL 60067
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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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