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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Residential income homes
821 Carpenter St Chicago, IL 60607-4987
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US28-2778957
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1888
Construction
FRAME
Total area
2,436 SF
Lot
0.06 ac (2,500 SF)
APN
17-17-420-011
UPID
US28-2778957
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
$325k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$336k
Blend (final)
Blend
$505k
Owner & transaction history
G & G Twins LLC · 12 yrs held
G & G Twins 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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
$325,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$760,000
Current use
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$207 / 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
$12,042
Tax year 2022
Assessed value
$58,347
Assessed 2022
Previous assessed
$58,347
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$11,250
Assessed improvement
$47,097
Land market value
$112,500
Improvement market value
$470,970
Total market value
$583,470
Applied tax rate
77,100.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1888
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
2
Total area
2,436 SF
Lot
0.06 ac (2,500 SF)
APN
17-17-420-011
UPID
US28-2778957
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS) Current
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
1888
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
G & G Twins LLC
Entity
Mailing address
PO BOX 173, FOREST PARK, IL 60130-0173
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
Mar 24, 2014
—
G & G Twins LLC
Gagliano,gary & Roseanna M
Quit Claim Deed
related
—
Mar 24, 2014
$160,000
Gary Gagliano
Stodola,bruce A & Rosemary A
Warranty Deed
—
Nov 1, 2001
$350,000
Bruce A Stodola
Valicento,ca
Grant Deed
$315,000 · St Francis Mortgage Corp
Apr 19, 2000
—
Carol Valicento
American Nat'l Bk&tr Chgo Ttee
Grant Deed
$210,000 · Court Square Funding Group INC
Feb 1, 2000
—
American Natl Bk&trt Chgo Ttee
Valicento,carol J
Grant Deed
related
—
Dec 15, 1999
—
Carol J Valicenio
American Nat'l Bk&tr Chgo Ttee
Grant Deed
$202,222 · First Alliance Mortgage Co
Aug 13, 1998
—
American Nat'l Bk&tr Chgo Ttee
Valicento,carol J
Grant Deed
related
—
—
—
Carol J Valicento
—
Deed Of Trust
related
$140,000 · Mid Cities National Bank
—
—
Bruce A Stodola
—
Deed Of Trust
related
$318,000 · Chase Manhattan Mortgage Corp
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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