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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Residential income homes
430 Slusser St, Grayslake, IL 60030-2433
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-2081487
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1987
Construction
BRICK
Total area
4,995 SF
Lot
0.57 ac (24,999 SF)
APN
06-35-301-018
UPID
US28-2081487
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
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$665k
Owner & transaction history
430-440 S Slusser Apts Trust · 6 yrs held
430-440 S Slusser Apts Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$875,000
+48.9%
Retail stores
$600,000
+1.9%
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 Grayslake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grayslake 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$585,000
Current use
AUTO REPAIR, GARAGE
$875,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$600,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$520,000
Change: -12% · Conversion: Moderate
OFFICE BUILDING
$480,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$133 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$31,369
Tax year 2023
Assessed value
$276,064
Assessed 2023
Previous assessed
$276,064
+0.0% YoY
Effective rate
11.36%
On assessed value
Assessed land
$64,685
Assessed improvement
$211,379
Land market value
$194,074
Improvement market value
$634,200
Total market value
$828,274
Applied tax rate
7,013.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
NONE
Units
2
Total area
4,995 SF
Lot
0.57 ac (24,999 SF)
APN
06-35-301-018
UPID
US28-2081487
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
$585,000
AUTO REPAIR, GARAGE
Est. value
$875,000
RETAIL STORES
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$520,000
OFFICE BUILDING
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1987
Construction
BRICK
Heating
NONE
Units
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
430-440 S Slusser Apts Trust
Trust
Mailing address
31260 N RIV RD, LIBERTYVILLE, IL 60048-4243
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
—
430-440 S Slusser Apts Trust
Elrick,bruce
Quit Claim Deed
related
—
Sep 16, 2019
$720,000
430-440 S Slusser Apts Trust
Banderowicz,edwin A
Warranty Deed
—
Jan 18, 2018
$660,000
Edwin A Banderowicz
Mcmanus,wayne
Warranty Deed
$990,000 · Lake Forest Bk&tr
—
—
Wayne J Mcmanus
—
Deed Of Trust
related
$250,000 · State Bank Of The Lakes
—
—
Wayne J Mcmanus
—
Deed Of Trust
related
$300,000 · State Bank Of The Lakes
—
—
Wayne J Mcmanus
—
Deed Of Trust
related
—
—
—
Wayne J Mcmanus
—
Deed Of Trust
related
$100,000 · Anchor Bank NA
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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