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    Property profile & analytics

    7517 Franklin St Forest Park, IL 60130-3300

    • Residential income homes
    • 1,936 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Last Sale
    Sep 28, 2021
    Location Intelligence
    Property ID
    US28-2458963
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 7517 Franklin St

    Year built
    1888
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    1,936 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    15-12-402-010
    APU
    1512402010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $380,000
      6.5%
      $365,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $400,000
      Mixed-Use
      $370,000
      Hospitality
      $325,000
      Educational
      $400,000
      Residential Income
      $380,000
      Energy
      $380,000
      Income-Based Land
      $360,000
      Food Service
      $385,000

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8128
    Latitude
    41.8856
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,800
    $2,925
    $18,837
    $21,762
    -
    $29,250
    $188,370
    $217,620

    Comparable in this City

    • Value Estimation by Request
      2,820 SF

      927 Ferdinand Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,820 SF
      927 Ferdinand Ave, Forest Park, IL 60130-2290
      View Details
    • Value Estimation by Request
      2,722 SF

      1129 Elgin Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,722 SF
      1129 Elgin Ave, Forest Park, IL 60130-3909
      View Details
    • Value Estimation by Request
      3,234 SF

      1133 Beloit Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,234 SF
      1133 Beloit Ave, Forest Park, IL 60130-2841
      View Details
    • Value Estimation by Request
      2,162 SF

      540 Cir Ave, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,162 SF
      540 Cir Ave, Forest Park, IL 60130-3283
      View Details
    • Value Estimation by Request
      2,880 SF

      7414 Franklin St, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,880 SF
      7414 Franklin St, Forest Park, IL 60130-2780
      View Details
    • Value Estimation by Request
      2,585 SF

      7658 Adams St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,585 SF
      7658 Adams St, Forest Park, IL 60130-3147
      View Details

    Similar Nearby for Sale

    • $385,000

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      Renovated mixed-use property with retail and residential units.
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      Three-unit brick building in Forest Park, ideal for investors.
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    Similar Nearby for Lease

    • $32 SF/Yr
      3,049 SF

      Renovated Retail/Office Space Available

      Recently renovated retail/office space with high traffic and natural light.
      7624 Madison St, Forest Park, IL 60130
      View Details
    • Contact for pricing
      254,433 SF

      Forest Park Plaza Retail Space

      High-profile retail center, spaces available.
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      View Details
    • $52 SF/Yr

      Forest Park Storefront on Main

      Storefront in central Forest Park with high traffic exposure.
      408 Thomas Ave, Forest Park, IL 60130
      View Details
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    7517 Franklin St
    Forest Park, IL 60130-3300
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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