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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Retail residential properties
605 Iowa St Oak Park, IL 60302-1649
Individually Owned
5-yr Hold
Property ID
US28-2169976
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1913
Total area
6,243 SF
Lot
0.38 ac (16,463 SF)
APN
16-06-421-007
UPID
US28-2169976
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
$1.50M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Bradley A Craig · 5 yrs held
Bradley A Craig
since 2021
Last sale
$1.5M
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 Oak Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Park 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
$1,375,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.48M (Apr 28 2021)
Last sale anchor
$1.48M
Apr 28 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
$239 / 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
$31,352
Tax year 2022
Assessed value
$81,647
Assessed 2022
Previous assessed
$81,647
+0.0% YoY
Effective rate
38.40%
On assessed value
Assessed land
$17,286
Assessed improvement
$64,361
Land market value
$172,860
Improvement market value
$643,610
Total market value
$816,470
Applied tax rate
27,001.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1913
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
6,243 SF
Lot
0.38 ac (16,463 SF)
APN
16-06-421-007
UPID
US28-2169976
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
1913
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.38 ac
Current owner
From public records · entity-resolved
Bradley A Craig
Individual
Mailing address
605 IOWA ST, OAK PARK, IL 60302-1649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2021
$1,475,000
Bradley A Craig
Richard H Sander
Warranty Deed
$1,106,250 · Wells Fargo Bank NA
Aug 9, 2019
$1,400,000
Richard H Sander
Gevisenheit,samuel
Warranty Deed
$999,000 · Jp Morgan Chase Bk
Apr 28, 1999
$262,500
Samuel Gevisenheit
Midwest Diocese Of The Orthodo
Grant Deed
$420,000 · Prism Mortgage Co
—
—
Samuel Gevisenheit
—
Deed Of Trust
related
$738,318 · Lasalle National Bank
—
—
Samuel Gevisenheit
—
Deed Of Trust
related
$282,000 · Lasalle National Bank
—
—
Samuel Gevisenheit
—
Deed Of Trust
related
$1,410,000 · Ing Bank Fsb
—
—
Samuel Gevisenheit
—
Deed Of Trust
related
$739,000 · American National Bank Dekalb
—
—
Samual Gevisenheit
—
Deed Of Trust
related
$332,000 · Lasalle National Bank
—
—
Samuel Gevisenheit
—
Deed Of Trust
related
$500,000 · Lasalle National Bank
—
—
Samuel Gevisenheit
—
Deed Of Trust
related
$739,000 · American Home Mortgage INC
—
—
Samuel Gevisenheit
—
Deed Of Trust
related
$750,000 · Lasalle National Bank
—
—
Samuel Gevisenheit
—
Deed Of Trust
related
$1,400,000 · Ing 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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