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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Residential income homes
534 Carol Ln, Round Lake, IL 60073-2861
Individually Owned
1-yr Hold
Property ID
US28-2618009
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1967
Construction
FRAME
Total area
5,464 SF
Lot
2 ac (87,120 SF)
APN
06-20-300-018
UPID
US28-2618009
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
$960k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$830k
Owner & transaction history
Board Of Edu Of Round Lake Cmnty Un · 1 yrs held
Board Of Edu Of Round Lake Cmnty Un
since 2024
Last sale
$810,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$955,000
+48.9%
Office building
$715,000
+11.2%
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 Round Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Round Lake 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
$925,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$640,000
Current use
AUTO REPAIR, GARAGE
$955,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$620,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $810k (Jan 13 2021)
Last sale anchor
$810k
Jan 13 2021
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
$152 / 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
$24,342
Tax year 2023
Assessed value
$250,721
Assessed 2023
Previous assessed
$250,721
+0.0% YoY
Effective rate
9.71%
On assessed value
Assessed land
$58,174
Assessed improvement
$192,547
Land market value
$174,539
Improvement market value
$577,699
Total market value
$752,238
Applied tax rate
7,143.0000
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
1967
Construction
FRAME
Heating
NONE
Buildings
2
Units
2
Total area
5,464 SF
Lot
2 ac (87,120 SF)
APN
06-20-300-018
UPID
US28-2618009
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
$640,000
AUTO REPAIR, GARAGE
Est. value
$955,000
OFFICE BUILDING
Est. value
$715,000
RETAIL STORES
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$570,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1967
Construction
FRAME
Heating
NONE
Buildings
2
Units
2
Lot
2 ac
Current owner
From public records · entity-resolved
Board Of Edu Of Round Lake Cmnty Un
Individual
Mailing address
1110 SHERIDAN RD, HIGHLAND PARK, IL 60035-4119
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2024
—
Board Of Edu Of Round Lake Cmnty Un
Jflt LLC
Special Warranty Deed
—
Jan 13, 2021
$810,000
534 Carol Lane LLC
Ag Ventures LLC
Special Warranty Deed
$607,500 · First Bank Of Highland Park
Jul 6, 2007
$610,000
Ag Ventures LLC
Citizens Community Bank Of Il
Warranty Deed
$488,000 · Amcore Bank
Jan 16, 2007
—
Citizens Community Bank Of Il
Sheriff Of Lake County
Trustees Deed
related
—
May 27, 2004
—
Hart Place Rli LLC
Kaczynski,brian M
Grant Deed
related
—
Sep 7, 1999
$400,000
Brian M Kaczynski
State Bank Of The Lakes Ttee
Grant Deed
$315,000 · Bank Of Northern Illinois NA
—
—
Brian Kaczynski
—
Deed Of Trust
related
$446,000 · Citizens Bank Illinois
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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