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    Property profile & analytics

    507 Chicago Rd Thornton, IL 60476-1069

    • Garden apartment buildings
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $2,650,000
    Last Sale
    Mar 01, 2022
    $2,500,000
    Location Intelligence
    Property ID
    US28-0314033
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 507 Chicago Rd

    Year built
    1964
    Lot size
    0.49 lot acres
    Property type
    Garden apartment buildings
    APN
    29-27-400-126
    APU
    2927400126

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,685,000
      6.5%
      $2,255,000
      7%
      $2,455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,680,000
      Geo Method
      $2,500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,380,000
      Retail
      $2,510,000
      Mixed-Use
      $2,150,000
      Hospitality
      $2,680,000
      Educational
      $2,225,000
      Residential Income
      $2,485,000
      Energy
      $2,865,000
      Income-Based Land
      $2,455,000
      Food Service
      $2,605,000

    Location Insight

    • Map
    • Local Demand
    City
    Thornton
    County
    Cook
    State
    Illinois
    Longitude
    -87.6067
    Latitude
    41.5741
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $29,687
    $14,861
    $31,214
    $46,075
    -
    $148,610
    $312,140
    $460,750

    Comparable in this City

    • Value Estimation
      $2,625,000
      0.40 Acres

      501 Chicago Rd

      GARDEN APT, COURT APT (5+ UNITS) • 0.40 Acres
      501 Chicago Rd, Thornton, IL 60476-1088
      View Details
    • Value Estimation
      $270,000
      2,943 SF

      100 Williams St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,943 SF
      100 Williams St, Thornton, IL 60476-1291
      View Details
    • Value Estimation
      $250,000
      2,034 SF

      214 Margaret St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,034 SF
      214 Margaret St, Thornton, IL 60476-1223
      View Details
    • Value Estimation
      $45,000
      1,988 SF

      308 Schwab St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,988 SF
      308 Schwab St, Thornton, IL 60476-1343
      View Details
    • Value Estimation
      $245,000
      1,792 SF

      309 Wolcott St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,792 SF
      309 Wolcott St, Thornton, IL 60476-1211
      View Details
    • Value Estimation by Request
      6,944 SF

      110 Margaret St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,944 SF
      110 Margaret St, Thornton, IL 60476-1277
      View Details
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    507 Chicago Rd
    Thornton, IL 60476-1069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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