Property profile

8821 Chester Ave Niles, IL 60714

OFF-MARKET
Residential income homes
Property ID
US28-0926133
4,060 SF 0.22 ac lot Built 1991
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1991
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,060 SF
Lot 0.22 ac (9,438 SF)
APN 09-14-310-016
UPID US28-0926133

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8821 Chester Ave Niles, IL 60714-1480
Niles metro Census 806004 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
$810k
Comparable Approach Comparable
$759k
Blend (final) Blend
$605k

Owner & transaction history

since 2013
6 recorded transactions
2013
Price N/A
2013
Price N/A
2012
Price N/A
2012
Price N/A
2010
Price N/A
2010
$400,000

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $890,000 +7.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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