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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Garden apartment buildings
428 Scoville Ave V, Oak Park, IL 60302-4000
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-1259012
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Total area
5,356 SF
Lot
0.2 ac (8,750 SF)
APN
16-07-422-011
UPID
US28-1259012
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
Current use
Occupant on record · Public records
-
Tiffany Rowland Foster Care Service Social Service Agency
-
KWTech LLC IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$957k
Blend (final)
Blend
$735k
Owner & transaction history
428 Scoville Apartments LLC · 10 yrs held
428 Scoville Apartments LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+21.7%
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 Oak Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Park 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$890,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$965,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,175,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$800,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
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
$137 / 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
$27,743
Tax year 2022
Assessed value
$72,248
Assessed 2022
Previous assessed
$72,248
+0.0% YoY
Effective rate
38.40%
On assessed value
Assessed land
$21,875
Assessed improvement
$50,373
Land market value
$218,750
Improvement market value
$503,730
Total market value
$722,480
Applied tax rate
27,001.0000
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
1968
Heating
NONE
Stories
2
Total area
5,356 SF
Lot
0.2 ac (8,750 SF)
APN
16-07-422-011
UPID
US28-1259012
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
$965,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1968
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
428 Scoville Apartments LLC
Entity
Mailing address
2034 N CLARK ST, CHICAGO, IL 60614-4713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jul 11, 2025
—
428 Scoville Apartments LLC
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Feb 19, 2020
—
428 Scoville Apartments LLC
—
Deed
related
$1,085,000 · Jp Morgan Chase Bk
Jan 5, 2016
$1,000,000
428 Scoville Apartments LLC
Borowski-beszta,leszek & Elzbieta
Warranty Deed
$787,500 · Jp Morgan Chase Bk
Jul 19, 2004
$938,000
Leszek Borowski-beszta
428 S Scoville LLC
Warranty Deed
$750,000 · Midamerica Fsb
Sep 14, 1998
—
428 S Scoville LLC
First Nat'l Bank Evergreen Par
Grant Deed
related
—
—
—
Joseph Ardovich
—
Deed Of Trust
related
$10,000 · Oak Park Village (il)
—
—
428 S Scoville LLC
—
Deed Of Trust
related
$322,500 · Tcf Financial Bank Illinois
—
—
428 Scoville Apartments LLC
—
Deed Of Trust
related
$1,085,000 · Jp Morgan Chase Bk
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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