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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Garden apartment buildings
5057 Altgeld St, Chicago, IL 60639-2409
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-0284920
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1929
Lot
0.18 ac (7,678 SF)
APN
13-28-425-001
UPID
US28-0284920
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
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Building Altgeld LLC · 1 yrs held
Building Altgeld LLC
since 2024
Last sale
$1.2M
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
$1,245,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.25M (Aug 2 2024)
Last sale anchor
$1.25M
Aug 2 2024
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
—
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
$16,240
Tax year 2022
Assessed value
$78,955
Assessed 2022
Previous assessed
$78,955
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$13,820
Assessed improvement
$65,135
Land market value
$138,200
Improvement market value
$651,350
Total market value
$789,550
Applied tax rate
71,001.0000
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
1929
Heating
NONE
Stories
2
Lot
0.18 ac (7,678 SF)
APN
13-28-425-001
UPID
US28-0284920
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
1929
Heating
NONE
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Building Altgeld LLC
Entity
Mailing address
6217 W CORNELIA AVE1N, CHICAGO, IL 60634-4120
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2024
$1,245,000
Building Altgeld LLC
5057 W Altgeld LLC
Special Warranty Deed
$1,998,000 · Providence Bank & Trust
Mar 19, 2021
—
5057 W Altgeld LLC
—
Deed
related
$315,000 · Central Savings Bank
Sep 20, 2012
$535,000
5057 W Altgeld LLC
Torres A Living Trust
Grant Deed
$401,000 · Central Fed'l S & L Assn Chica
Apr 20, 2005
$700,000
Torres Arturo Trust
Flores,alejandro & Maria L
Warranty Deed
—
Jan 11, 2005
—
Alejandro Flores
—
Trustees Deed
related
$525,000 · Mb Financial Bank NA
Mar 21, 2003
$650,000
Flores Alejandro
Velazquez,ismael
Grant Deed
$487,500 · Archer Bank
Mar 28, 2001
$410,000
Gerard Morgan
Vergara,gilberto & Martha
Grant Deed
$336,000 · Covest Banc NA
Dec 8, 1998
$289,001
Gilberto Vergara
Serro,martin E & Margaret R
Grant Deed
$245,600 · Lasalle Bank Fsb
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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