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Property profile & analytics
OFF-MARKET
Residential income homes
505 Ferdinand Ave, Forest Park, IL 60130-1855
Individually Owned
2-yr Hold
Property ID
US28-5331035
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1915
Construction
FRAME
Total area
2,112 SF
Lot
0.14 ac (6,250 SF)
APN
15-13-208-014
UPID
US28-5331035
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Claire C Michalak · 2 yrs held
Claire C Michalak
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,913
Tax year 2022
Assessed value
$25,499
Assessed 2022
Previous assessed
$25,499
+0.0% YoY
Effective rate
31.03%
On assessed value
Assessed land
$4,062
Assessed improvement
$21,437
Land market value
$40,620
Improvement market value
$214,370
Total market value
$254,990
Applied tax rate
31,038.0000
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
1915
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
2
Bathrooms
2
Total area
2,112 SF
Lot
0.14 ac (6,250 SF)
APN
15-13-208-014
UPID
US28-5331035
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
Building & site characteristics
From public records
Year built
1915
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Claire C Michalak
Individual
Mailing address
505 FERDINAND AVE, FOREST PARK, IL 60130-1855
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$485,000
Claire C Michalak
Charles P Michalak
Warranty Deed
related
$476,215 · Crosscountry Mortgage LLC
—
—
Charles P Michalak
—
Deed Of Trust
related
$324,000 · Guaranteed Rate
—
—
Charles P Michalak
—
Deed Of Trust
related
$281,847 · Guaranteed Rate
—
—
Charles P Michalak
—
Deed Of Trust
related
$23,000 · St Paul Fsb
—
—
Charles P Michalak
—
Deed Of Trust
related
$313,789 · Forest Park National Bank
—
—
Charles P Michalak
—
Deed Of Trust
related
$46,250 · St Paul Fsb
—
—
Charles P Michalak
—
Deed Of Trust
related
$180,000 · Banc Group Mortgage Corp
—
—
Charles Michalak
—
Deed Of Trust
related
$39,000 · Forest Park National Bank
—
—
Charles P Michalak
—
Deed Of Trust
related
$205,000 · Banc Group Mortgage Corp
—
—
Charles P Michalak
—
Deed Of Trust
related
$61,000 · Forest Park National Bank
—
—
Charles P Michalak
—
Deed Of Trust
related
$100,000 · Forest Park National Bank
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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