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Property profile & analytics
OFF-MARKET
Garden apartment buildings
7317 39th St, Lyons, IL 60534-1273
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-5432103
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1962
Lot
0.09 ac (3,750 SF)
APN
18-01-202-005
UPID
US28-5432103
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
-
SKS Properties Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Somar Realty INC · 10 yrs held
Somar Realty INC
since 2016
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 Lyons submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lyons 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$8,944
Tax year 2022
Assessed value
$24,619
Assessed 2022
Previous assessed
$24,619
+0.0% YoY
Effective rate
36.33%
On assessed value
Assessed land
$3,000
Assessed improvement
$21,619
Land market value
$30,000
Improvement market value
$216,190
Total market value
$246,190
Applied tax rate
21,049.0000
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
1962
Heating
NONE
Lot
0.09 ac (3,750 SF)
APN
18-01-202-005
UPID
US28-5432103
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
1962
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
Somar Realty INC
Entity
Mailing address
7302 40TH ST, LYONS, IL 60534-1465
Ownership since
2016
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
Jan 4, 2016
$640,000
Somar Realty INC
7317 39th St Lyons LLC
Special Warranty Deed
$480,000 · First National Bank Of Brookfield
Jun 24, 2015
—
7317 39the St Of Lyons LLC
Trust 1-3111
Grant Deed
related
—
Feb 22, 2013
—
Chicago Title Land Trust Co
—
Deed Of Trust
related
$2,821,152 · Bridgeview Bank Group
Aug 23, 2010
—
Trust 1-3111
—
Trustees Deed
related
$714,596 · Bridgeview Bank Group
Mar 10, 2006
$755,000
Trust 1-3111
Trust 33837
Grant Deed
related
—
—
—
Trust 1-3111
—
Deed Of Trust
related
$738,795 · Bridgeview Bank Group
—
—
Trust 1-3111
—
Loan Modification
related
$632,800 · Bridge View Bk
—
—
Trust 1-3111
—
Deed Of Trust
related
$87,200 · Bridgeview Bank Group
—
—
Trust 1-3111
—
Deed Of Trust
related
$688,519 · Bridgeview Bank Group
—
—
Somar Realty INC
—
Loan Modification
related
$359,627 · First Nat'l Bk/brookfield
—
—
Trust 1-3111
—
Deed Of Trust
related
$632,800 · Bridgeview Bank Group
—
—
Trust 1-3111
—
Deed Of Trust
related
$714,596 · Bridgeview Bank Group
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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