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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Residential income homes
8345 Trumbull Ave 1, Skokie, IL 60076-2963
Individually Owned
1-yr Hold
Property ID
US28-5635954
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,012 SF
Lot
0.11 ac (4,978 SF)
APN
10-23-403-073
UPID
US28-5635954
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
$395k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$740k
Blend (final)
Blend
$615k
Owner & transaction history
Aasim Khan · 1 yrs held
Aasim Khan
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$880,000
+27.0%
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 Skokie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Skokie 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
$395,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$600,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$153 / 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
$17,324
Tax year 2022
Assessed value
$60,999
Assessed 2022
Previous assessed
$60,999
+0.0% YoY
Effective rate
28.40%
On assessed value
Assessed land
$6,720
Assessed improvement
$54,279
Land market value
$67,200
Improvement market value
$542,790
Total market value
$609,990
Applied tax rate
24,027.0000
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
4
Total area
4,012 SF
Lot
0.11 ac (4,978 SF)
APN
10-23-403-073
UPID
US28-5635954
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
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
RETAIL STORES
Est. value
$600,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Aasim Khan
Individual
Mailing address
8345 TRUMBULL AVE, SKOKIE, IL 60076-2963
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 24, 2024
$650,000
Aasim Khan
Phung Le Ly
Warranty Deed
$628,306 · Pennymac Loan Services LLC
Aug 22, 2016
$485,000
Phung Le Ly
Ahmed Iqbal
Warranty Deed
$412,250 · Jpmorgan Chase Bank NA
Mar 8, 2013
—
Iqbal Ahmed
Ahmed,iqbal & Tahmina S
Quit Claim Deed
related
—
Oct 5, 2011
$281,200
Iqbal Ahmed
Federal Natl Mtg Assn Fnma
Grant Deed
$210,900 · Nationstar Mortgage LLC
Apr 27, 2006
$655,000
Uddin Khaja Nayeem
Marianne Langenbach
Deed
$655,000 · Americas Wholesale Lender
Mar 17, 1999
—
Langenbach Trust
Keupper,ernst W
Quit Claim Deed
related
—
—
—
Lagenbach Marianne Trust
—
Deed Of Trust
related
$350,000 · Bank Of Lincolnwood
—
—
Nayeemuddin Khaja
—
Deed Of Trust
related
$532,000 · Greenpoint Mortgage Funding
—
—
Nayeemuddin Khaja
—
Deed Of Trust
related
$123,000 · Greenpoint Mortgage Funding
—
—
Nayeem U Khaja
—
Deed Of Trust
related
$82,826 · Charter One 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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