New search
Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Residential income homes
5056 Carol St, Skokie, IL 60077-2201
Individually Owned
7-yr Hold
Property ID
US28-5482152
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,510 SF
Lot
0.13 ac (5,563 SF)
APN
10-21-202-036
UPID
US28-5482152
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$625k
Owner & transaction history
Raymond Namroud · 7 yrs held
Raymond Namroud
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$990,000
+24.7%
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 Skokie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Skokie 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$795,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$990,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$670,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$139 / 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
$16,254
Tax year 2022
Assessed value
$58,299
Assessed 2022
Previous assessed
$58,299
+0.0% YoY
Effective rate
27.88%
On assessed value
Assessed land
$7,231
Assessed improvement
$51,068
Land market value
$72,310
Improvement market value
$510,680
Total market value
$582,990
Applied tax rate
24,026.0000
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
3
Units
2
Bathrooms
5
Total area
4,510 SF
Lot
0.13 ac (5,563 SF)
APN
10-21-202-036
UPID
US28-5482152
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
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$990,000
RETAIL STORES
Est. value
$670,000
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
2
Bathrooms
5
Lot
0.13 ac
Current owner
From public records · entity-resolved
Raymond Namroud
Individual
Mailing address
5056 CAROL ST, SKOKIE, IL 60077-2201
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2018
—
Raymond Namroud
Namroud,raymond
Quit Claim Deed
related
—
Dec 28, 2010
—
Raymond Namroud
Choi-5056 Living Trust
Grant Deed
related
—
Nov 2, 2010
$335,000
Trust Choi-5056
Choi-5056 Living Trust
Warranty Deed
related
—
Oct 27, 2010
—
Trust Choi-5056
Choi Living Trust
Quit Claim Deed
related
—
Aug 3, 2010
—
Trust Choi-5056
Choi Andrew N
Quit Claim Deed
related
—
May 24, 2006
—
Choi Living Trust
Choi,andrew N & Elizabeth K
Quit Claim Deed
related
—
May 30, 2003
—
Andrew N Choi
Choi,tr
Quit Claim Deed
related
$350,000 · Capitol Commerce Mortgage Co
Oct 21, 2002
—
Andrew N Choi
Choi,tr
Quit Claim Deed
related
$350,000 · Choice Mortgage
Sep 4, 2001
—
Andrew N Choi
Choi,andrew N & Elizabeth K
Quit Claim Deed
related
$351,950 · Choice Mortgage
Jun 7, 1999
$400,000
Andrew N Choi
Lim,sa J & Heung
Grant Deed
$359,600 · Washington Mutual Fsb
—
—
Andrew N Choi
—
Deed Of Trust
related
$500,000 · Greenpoint Mortgage Funding
—
—
Andrew N Choi
—
Deed Of Trust
related
$85,000 · Greenpoint Mortgage Funding
—
—
Andrew N Choi
—
Deed Of Trust
related
$344,100 · Choice Mortgage
—
—
Andrew N Choi
—
Deed Of Trust
related
$100,000 · Greenpoint Mortgage Funding
—
—
Andrew N Choi
—
Deed Of Trust
related
$438,750 · Washington Mutual Fsb
—
—
Raymond Namroud
—
Deed Of Trust
related
$262,500 · Bmo Harris 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5056 Carol St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
