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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Retail space
7401 Madison St Forest Park, IL 60130-2734
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-0855247
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1910
Total area
9,250 SF
Lot
0.14 ac (6,250 SF)
APN
15-12-433-029
UPID
US28-0855247
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.18M
Owner & transaction history
Asm Properties LLC · 8 yrs held
Asm Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+24.6%
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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,380,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,720,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$1,235,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,120,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$128 / 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
$68,126
Tax year 2022
Assessed value
$190,075
Assessed 2022
Previous assessed
$190,075
+0.0% YoY
Effective rate
35.84%
On assessed value
Assessed land
$21,875
Assessed improvement
$168,200
Land market value
$87,500
Improvement market value
$672,800
Total market value
$760,300
Applied tax rate
31,038.0000
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 space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1910
Heating
NONE
Stories
2
Total area
9,250 SF
Lot
0.14 ac (6,250 SF)
APN
15-12-433-029
UPID
US28-0855247
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
RETAIL STORES Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1910
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Asm Properties LLC
Entity
Mailing address
457 UVEDALE RD, RIVERSIDE, IL 60546-1608
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2018
$1,275
Asm Properties LLC
Chicago Title Land Trust Co
Grant Deed
related
—
May 16, 2003
—
Forest Park Natl Bk
Windmill Enterprises INC
Grant Deed
related
—
Jan 16, 2002
—
Windmill Enterprises INC
North Star Trust Co Trustee
Grant Deed
related
—
Sep 12, 2001
$525,000
North Star Trust Co Trustee
Forest Park Natl Bk&tr Ttee
Grant Deed
$525,000 · Windmill Enterprises INC
Jul 30, 1998
—
Forest Park Nat'l Bk & Tr Ttee
American Nat'l Bk & Tr Trustee
Grant Deed
related
—
—
—
Forest Park Trustee
—
Deed Of Trust
related
$150,000 · American Chartered Bank
—
—
Trust 001170
—
Deed Of Trust
related
$600,000 · Beverly Bank & Trust Co NA
—
—
Trust 001170
—
Deed Of Trust
related
$70,000 · Cole Taylor Bank
—
—
Trust 001170
—
Deed Of Trust
related
$720,000 · Cole Taylor Bank
—
—
Forest Park National Bk & Trust Co
—
Deed Of Trust
related
$694,565 · Cole Taylor Bank
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.
Try Rey
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