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    Property profile & analytics

    8927 97th St Palos Hills, IL 60465-1071

    • Residential income homes
    • 4,346 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $515,000
    Last Sale
    Jan 13, 2021
    $450,000
    Location Intelligence
    Property ID
    US28-2352012
    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 8927 97th St

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.26 lot acres
    Property size
    4,346 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    23-10-203-056
    APU
    2310203056

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $540,000

    • CAP approach

      CAP return
      Estimation
      6%
      $430,000
      6.5%
      $465,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $440,000
      Mixed-Use
      $395,000
      Hospitality
      $550,000
      Educational
      $495,000
      Residential Income
      $540,000
      Energy
      $480,000
      Income-Based Land
      $480,000
      Food Service
      $530,000

    Location Insight

    • Map
    • Local Demand
    City
    Palos Hills
    County
    Cook
    State
    Illinois
    Longitude
    -87.8406
    Latitude
    41.7142
    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
    $13,753
    $6,872
    $30,816
    $37,688
    -
    $68,720
    $308,160
    $376,880

    Comparable in this City

    • Value Estimation by Request
      4,346 SF

      9747 89th Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,346 SF
      9747 89th Ave, Palos Hills, IL 60465-1063
      View Details
    • Value Estimation by Request
      4,346 SF

      9701 89th Ave, Unit 1N

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,346 SF
      9701 89th Ave, Palos Hills, IL 60465-1057
      View Details
    • Value Estimation by Request
      4,346 SF

      8919 97th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,346 SF
      8919 97th St, Palos Hills, IL 60465-1070
      View Details
    • Value Estimation by Request
      4,945 SF

      11240 Helena Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,945 SF
      11240 Helena Dr, Palos Hills, IL 60465-2198
      View Details
    • Value Estimation
      $400,000
      3,000 SF

      10600 80th Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,000 SF
      10600 80th Ct, Palos Hills, IL 60465-1812
      View Details
    • Value Estimation
      $320,000
      2,681 SF

      10601 84th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,681 SF
      10601 84th Ave, Palos Hills, IL 60465-1803
      View Details

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    Similar Nearby for Lease

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      10101 Roberts Road Office Space

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    • $30 SF/Yr

      Retail Space Palos Hills

      Retail space available in high traffic area near courthouse.
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    • $25 SF/Yr

      Retail/Office Space For Rent

      Corner lot with high visibility, suitable for retail or office.
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    • $18 SF/Yr

      Move-in Ready Office Space

      Professional building office space for rent, utilities included.
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    • $18 SF/Yr

      Professional Office Space For Rent

      Private office space available in professional PNC Bank building.
      10135 S Roberts Rd, Palos Hills, IL 60465
      View Details
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    Palos Hills, IL 60465-1071
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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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