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Property profile & analytics
OFF-MARKET
Estimated value
$5,065,000
Office buildings
715 Lk St, Oak Park, IL 60301-1422
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1557426
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1928
Lot
0.12 ac (5,136 SF)
APN
16-07-224-003
UPID
US28-1557426
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
-
J & T Building Management Construction Company
-
Oak Park Music Therapy / VS Music Services Musician Performing Arts Group
-
Mitchell Renee M MD Physician Medical Clinic
-
Valerie Franklin Law Office Law Firm Child Welfare Organization
-
Jacob Fine Art, Inc. Consultant Appraiser
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.07M
Owner & transaction history
Op Medical Arts Holdings LLC · 4 yrs held
Op Medical Arts Holdings LLC
since 2022
Last sale
$4.8M
4 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
$5,345,000
ML approach
$5,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.07M
Range $4.56M – $5.57M · ±10% · vs last sale $4.80M (Jun 8 2022)
Last sale anchor
$4.80M
Jun 8 2022
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
$214,605
Tax year 2022
Assessed value
$558,870
Assessed 2022
Previous assessed
$558,870
+0.0% YoY
Effective rate
38.40%
On assessed value
Assessed land
$32,100
Assessed improvement
$526,770
Land market value
$128,400
Improvement market value
$2,107,080
Total market value
$2,235,480
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1928
Heating
NONE
Lot
0.12 ac (5,136 SF)
APN
16-07-224-003
UPID
US28-1557426
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
1928
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Op Medical Arts Holdings LLC
Entity
Mailing address
715 LK ST, OAK PARK, IL 60301-1422
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$4,800,000
Op Medical Arts Holdings LLC
Chicago Title Land Trust Company
Deed
$3,600,000 · International Bank Of Chicago
Dec 21, 2017
—
Trust 4926
—
Grant Deed
related
$3,100,000 · Community Bk/oak Pk Riv Forest
—
—
Firstar Bank Illinois
—
Deed Of Trust
related
$1,650,000 · Covest Banc NA
—
—
J & T Building Mgt
—
Deed Of Trust
related
$1,650,000 · Covest Banc
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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