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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Retail residential properties
7437 Randolph St 45 Forest Park, IL 60130-1200
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1970126
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1924
Lot
0.17 ac (7,590 SF)
APN
15-12-416-008
UPID
US28-1970126
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
$1.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
7437 Randolph LLC · 3 yrs held
7437 Randolph LLC
since 2023
Last sale
$1.8M
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 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
$1,925,000
ML approach
$1,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10% · vs last sale $1.80M (Feb 9 2023)
Last sale anchor
$1.80M
Feb 9 2023
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
$21,734
Tax year 2022
Assessed value
$60,638
Assessed 2022
Previous assessed
$60,638
+0.0% YoY
Effective rate
35.84%
On assessed value
Assessed land
$9,108
Assessed improvement
$51,530
Land market value
$91,080
Improvement market value
$515,300
Total market value
$606,380
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1924
Heating
NONE
Lot
0.17 ac (7,590 SF)
APN
15-12-416-008
UPID
US28-1970126
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
1924
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
7437 Randolph LLC
Entity
Mailing address
4653 N MILWAUKEE AVE, CHICAGO, IL 60630-3631
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2023
$1,800,000
7437 Randolph LLC
Chicago Title Land Trust Company
Deed
$1,275,000 · Pioneer State Bank
Jun 2, 2017
—
Park Natl Bk Land Trust 30905
—
Deed
related
$467,946 · Forest Park Nat'l Bk
Jan 13, 1999
$485,000
Cosmopolitan Bank & Trust Ttee
Lasalle National Bank Ttee
Trustees Deed
related
$388,000 · Cosmopolitan Bank & Trust
—
—
Cosmopolitan Bank & Trust Ttee
—
Deed Of Trust
related
$46,000 · Cosmopolitan Bank & Trust
—
—
Cosmopolitan Bank & Trust Ttee
—
Deed Of Trust
related
$60,000 · Forest Park Natl Bank & Trust
—
—
Park Natl Bk Land Trust 30905
—
Loan Modification
related
$467,946 · Forest Park Nat'l Bk
—
—
Cosmopolitan Bank & Trust Ttee
—
Deed Of Trust
related
$403,000 · Forest Park National Bank
—
—
Trust 30905
—
Deed Of Trust
related
$80,000 · Forest Park National Bank
—
—
Trust 30905
—
Deed Of Trust
related
$563,596 · Forest Park National 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.
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