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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Residential income homes
7301 College Dr Palos Heights, IL 60463-1128
Trust Owned
2-yr Hold
Property ID
US28-0726880
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1954
Construction
FRAME
Total area
3,861 SF
Lot
0.35 ac (15,400 SF)
APN
23-25-204-017
UPID
US28-0726880
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
-
Adlfinger Robert DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$530k
Owner & transaction history
Chicago Title Land Trust Company · 2 yrs held
Chicago Title Land Trust Company
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$845,000
+32.0%
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 Palos Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palos Heights 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
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$640,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$575,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$137 / 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
$11,467
Tax year 2022
Assessed value
$40,699
Assessed 2022
Previous assessed
$40,699
+0.0% YoY
Effective rate
28.18%
On assessed value
Assessed land
$8,470
Assessed improvement
$32,229
Land market value
$84,700
Improvement market value
$322,290
Total market value
$406,990
Applied tax rate
30,030.0000
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
1954
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,861 SF
Lot
0.35 ac (15,400 SF)
APN
23-25-204-017
UPID
US28-0726880
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
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
RETAIL STORES
Est. value
$575,000
OFFICE BUILDING
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1954
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.35 ac
Current owner
From public records · entity-resolved
Chicago Title Land Trust Company
Trust
Mailing address
10 S LA SALLE ST STE #2750, CHICAGO, IL 60603-1108
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
—
Chicago Title Land Trust Company
Oscar Martinez
Deed
—
May 4, 2023
$350,000
Oscar Martinez
Siritaporn Rawang
Warranty Deed
$250,000 · Siritapom Rawang
Feb 4, 2016
—
Robert Adlfinger
Adifinger,robert
Quit Claim Deed
related
—
Sep 13, 2001
—
Robert Adlfinger
First National Bank La Grange
Grant Deed
related
—
Aug 15, 2000
—
Firsdt Nat'l Bk Lagrange Ttee
Adlfinger,robert
Grant Deed
related
—
Aug 27, 1998
—
Robert Adlfinger
First Nat'l Bank Lagrange Ttee
Grant Deed
$300,000 · Republic Consumer Lending Grou
—
—
First National Bank La Grange
—
Deed Of Trust
related
$100,000 · Lasalle National Bank
—
—
Robert Adlfinger
—
Deed Of Trust
related
$245,000 · Taylor Bean & Whitaker Mtg
—
—
Robert Adlfinger
—
Deed Of Trust
related
$220,000 · Lasalle National Bank
—
—
Robert Adlfinger
—
Deed Of Trust
related
$323,000 · Lasalle National Bank
—
—
Robert Adlfinger
—
Deed Of Trust
related
$225,800 · Gmac Mortgage Corp
—
—
Robert Adlfinger
—
Deed Of Trust
related
$362,400 · Lasalle National Bank
—
—
Robert Adlfinger
—
Deed Of Trust
related
$360,000 · Lasalle National Bank
—
—
First Nat'l Bank Lagrange Ttee
—
Deed Of Trust
related
$95,000 · Palos Bank & Trust
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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