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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Apartment buildings
744 Washington Ave, Alton, IL 62002-2753
Entity Owned
12-yr Hold
Property ID
US28-5729659
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Total area
14,865 SF
Lot
0.78 ac (33,977 SF)
APN
23-1-07-13-08-201-009
UPID
US28-5729659
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
$1.58M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.16M
Owner & transaction history
Brandonview I LLC · 12 yrs held
Brandonview I LLC
since 2014
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 Alton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alton 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%
$1,715,000
6.5%
$1,580,000
7%
$1,470,000
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$78 / 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
$25,082
Tax year 2022
Assessed value
$285,890
Assessed 2022
Previous assessed
$285,890
+0.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$11,760
Assessed improvement
$274,130
Land market value
$35,315
Improvement market value
$823,213
Total market value
$858,528
Applied tax rate
200.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1951
Heating
NONE
Stories
2
Units
25
Total area
14,865 SF
Lot
0.78 ac (33,977 SF)
APN
23-1-07-13-08-201-009
UPID
US28-5729659
Jurisdiction
MADISON
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
1951
Heating
NONE
Stories
2
Units
25
Lot
0.78 ac
Current owner
From public records · entity-resolved
Brandonview I LLC
Entity
Mailing address
106 W CHURCH ST, MASCOUTAH, IL 62258-2007
Ownership since
2014
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 26, 2014
—
Brandonview I LLC
Brandonview LLC
Special Warranty Deed
$6,984,000 · Arbor Commercial Funding LLC
Oct 11, 2011
—
Brandonview LLC
—
Deed Of Trust
related
$6,415,889 · Regions Bank
Mar 1, 2007
$4,455,500
Brandonview LLC
Eighteen Investments INC
Grant Deed
$4,951,000 · Regions Bank
Mar 1, 2007
$4,197,000
Eighteen Investments INC
M & R Management LLC
Warranty Deed
—
Apr 24, 2006
$3,015,500
Marilyn & Ron Management LLC
Alton Crossing Apartments LLC
Warranty Deed
—
Aug 14, 2001
$394,500
Alton Terrace Apts LLC
Kumar Trust
Grant Deed
$1,088,000 · Allegiant Bank
—
—
Snk & Associates INC
—
Deed Of Trust
related
$121,954 · First National Bank Staunton
—
—
Snk Associates INC
—
Deed Of Trust
related
$200,000 · First National Bank Staunton
—
—
M & R Management LLC
—
Deed Of Trust
related
$3,769 · Rockwood 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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