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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Garden apartment buildings
5740 108th St, Chicago Ridge, IL 60415-2349
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US28-5775216
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Total area
12,000 SF
Lot
0.31 ac (13,300 SF)
APN
24-17-412-009
UPID
US28-5775216
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
Current use
Occupant on record · Public records
-
Luxurious Rides Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.17M
Owner & transaction history
Bac Buildings LLC · 19 yrs held
Bac Buildings LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+7.3%
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 Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago Ridge 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,670,000
Current use
RETAIL STORES
$1,790,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$1,605,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,455,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$97 / 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
$24,721
Tax year 2022
Assessed value
$63,096
Assessed 2022
Previous assessed
$63,096
+0.0% YoY
Effective rate
39.18%
On assessed value
Assessed land
$8,645
Assessed improvement
$54,451
Land market value
$86,450
Improvement market value
$544,510
Total market value
$630,960
Applied tax rate
39,032.0000
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
1969
Heating
NONE
Stories
3
Total area
12,000 SF
Lot
0.31 ac (13,300 SF)
APN
24-17-412-009
UPID
US28-5775216
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
$1.7M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1969
Heating
NONE
Stories
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Bac Buildings LLC
Entity
Mailing address
PO BOX 3128, LISLE, IL 60532-8128
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Bac Buildings LLC
—
Deed
related
$837,450 · Rflf 4 LLC
Jan 3, 2019
—
Bac Buildings LLC
—
Deed
related
$744,000 · Constructive Lns LLC
Nov 22, 2016
—
Bac Buildings LLC
—
Deed
related
$532,074 · Heritage Bk/schaumburg
Apr 11, 2007
—
Bac Buildings LLC
Trust 9872-01
Grant Deed
related
—
May 13, 2003
$757,500
First Suburban Natl Bank Ttee
Marquette Bank Trustee
Grant Deed
related
$404,000 · First Suburban National Bank
—
—
Bac Buildings LLC
—
Deed Of Trust
related
$744,000 · Constructive Lns LLC
—
—
Trust 9872-01
—
Deed Of Trust
related
$190,000 · First Suburban National Bank
—
—
Musa Akkawi
—
Deed Of Trust
related
$100,000 · Individual
—
—
Bac Buildings LLC
—
Loan Modification
related
$1,000 · Heritage Bank Schaumburg
—
—
Bac Buildings LLC
—
Deed Of Trust
related
$352,500 · Heritage Bank Schaumburg
—
—
Bac Buildings LLC
—
Deed Of Trust
related
$300,000 · Heritage Bank Schaumburg
—
—
Bac Buildings LLC
—
Deed Of Trust
related
$267,900 · Heritage Bk/schaumburg
—
—
Bac Buildings LLC
—
Deed Of Trust
related
$317,500 · Heritage Bk/schaumburg
—
—
Bac Buildings LLC
—
Deed Of Trust
related
$532,074 · Heritage Bk/schaumburg
—
—
First Suburban Natl Bank Ttee
—
Deed Of Trust
related
$187,000 · First Suburban 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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