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    Property profile & analytics

    7151 183rd St Tinley Park, IL 60477-3932

    • Residential income homes
    • 7,014 SF
    • 1.39 lot acres
    OFF-MARKET
    Value Estimation
    $985,000
    Last Sale
    Jul 14, 2021
    $875,000
    Location Intelligence
    Property ID
    US28-2058022
    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

    • HAWABOUTIT / Fitness Center
    • Heartland Memorial Center / Funeral Home
    • Allure Laser & Med Spa / Medical Spa / Facial Spa
    • Toni B Scott-Terry, MD / Obstetrician-Gynecologist / Doctor
    • Hirsch David C / Attorney

    Property Details for 7151 183rd St

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.39 lot acres
    Property size
    7,014 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    31-06-100-016
    APU
    3106100016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,050,000

    • CAP approach

      CAP return
      Estimation
      6%
      $875,000
      6.5%
      $930,000
      7%
      $965,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $795,000
      Geo Method
      $820,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $785,000
      Retail
      $955,000
      Mixed-Use
      $1,040,000
      Hospitality
      $790,000
      Educational
      $1,075,000
      Residential Income
      $945,000
      Energy
      $925,000
      Income-Based Land
      $930,000
      Food Service
      $860,000

    Location Insight

    • Map
    • Local Demand
    City
    Tinley Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7913
    Latitude
    41.558
    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
    $39,628
    $33,385
    $41,334
    $74,719
    -
    $333,850
    $413,340
    $747,190

    Comparable in this City

    • Value Estimation by Request
      4,256 SF

      7156 166th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,256 SF
      7156 166th St, Tinley Park, IL 60477-2562
      View Details
    • Value Estimation by Request
      2,474 SF

      6842 179th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,474 SF
      6842 179th Pl, Tinley Park, IL 60477-4298
      View Details
    • Value Estimation by Request
      2,474 SF

      6800 179th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,474 SF
      6800 179th Pl, Tinley Park, IL 60477-4280
      View Details
    • Value Estimation by Request
      2,474 SF

      6818 179th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,474 SF
      6818 179th Pl, Tinley Park, IL 60477-4285
      View Details
    • Value Estimation by Request
      2,474 SF

      6825 179th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,474 SF
      6825 179th Pl, Tinley Park, IL 60477-4310
      View Details
    • Value Estimation by Request
      2,474 SF

      6824 179th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,474 SF
      6824 179th Pl, Tinley Park, IL 60477-4287
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • Contact for pricing
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    • $10 SF/Yr
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      Retail Space in Tinley Park

      Retail spaces available in busy Tinley Park shopping center.
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    • $22 SF/Yr
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      Tinley Park Office Space Available

      Move-in ready office space in a busy strip center.
      9410 179Th St, Tinley Park, IL 60477
      View Details
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    7151 183rd St
    Tinley Park, IL 60477-3932
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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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