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Property profile & analytics
OFF-MARKET
Residential income homes
8405 Cermak Rd, Riverside, IL 60546-1387
Entity Owned
3-yr Hold
Property ID
US28-0869863
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,193 SF
Lot
0.22 ac (9,695 SF)
APN
15-26-107-031
UPID
US28-0869863
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
Current use
Occupant on record · Public records
-
Big Corner Tavern Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
First Ave Nr LLC · 3 yrs held
First Ave Nr LLC
since 2023
Last sale
$300,000
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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$9,448
Tax year 2022
Assessed value
$32,389
Assessed 2022
Previous assessed
$32,389
+0.0% YoY
Effective rate
29.17%
On assessed value
Assessed land
$8,483
Assessed improvement
$23,906
Land market value
$84,830
Improvement market value
$239,060
Total market value
$323,890
Applied tax rate
34,004.0000
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
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Units
2
Bathrooms
2
Total area
3,193 SF
Lot
0.22 ac (9,695 SF)
APN
15-26-107-031
UPID
US28-0869863
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
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
First Ave Nr LLC
Entity
Mailing address
8839 W CERMAK RD, N RIVERSIDE, IL 60546-1154
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
Mar 16, 2023
$300,000
First Ave Nr LLC
8405 West Cermak Road LLC
Warranty Deed
$240,000 · West Town Bank & Trust
Mar 27, 2014
—
8405 West Cermak Road LLC
Tursi,mark P
Quit Claim Deed
related
—
Oct 18, 2013
$131,000
Mark P Tursi
Scorpio,ralph L
Grant Deed
—
Sep 27, 2013
—
Mark P Tursi
Scorpio,ralph L
Warranty Deed
related
$250,000 · International Bank Of Chicago
May 24, 2012
$175,000
Ralph L Scorpio
Scherston Real Estate Invs LLC
Grant Deed
$131,250 · International Bank Of Chicago
Oct 20, 2011
—
Scherston Real Estate Invs LLC
Judicial Sales Corp
Trustees Deed
related
—
—
—
Trust 8637
—
Deed Of Trust
related
$20,000 · American Chartered Bank
—
—
Continental Community B&t Ttee
—
Deed Of Trust
related
$120,000 · American Chartered Bank
—
—
North,star Tr
—
Deed Of Trust
related
$225,000 · American Chartered 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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