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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Residential income homes
9600 Greenwood Ave Des Plaines, IL 60016-1845
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2101177
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,880 SF
Lot
0.1 ac (4,191 SF)
APN
09-11-300-045
UPID
US28-2101177
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
$620k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$550k
Owner & transaction history
Jam Estates LLC · 4 yrs held
Jam Estates LLC
since 2022
Last sale
$545,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$630,000
+29.2%
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 Des Plaines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Plaines 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
$625,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$490,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$430,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $545k (Jun 6 2022)
Last sale anchor
$545k
Jun 6 2022
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
$191 / 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
$11,050
Tax year 2022
Assessed value
$44,999
Assessed 2022
Previous assessed
$44,999
+0.0% YoY
Effective rate
24.56%
On assessed value
Assessed land
$2,724
Assessed improvement
$42,275
Land market value
$27,240
Improvement market value
$422,750
Total market value
$449,990
Applied tax rate
22,014.0000
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Units
4
Bathrooms
6
Total area
2,880 SF
Lot
0.1 ac (4,191 SF)
APN
09-11-300-045
UPID
US28-2101177
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
$490,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
RETAIL STORES
Est. value
$430,000
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
6
Lot
0.1 ac
Current owner
From public records · entity-resolved
Jam Estates LLC
Entity
Mailing address
10124 W AVENIDA DEL REY, PEORIA, AZ 85383-1423
Ownership since
2022
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
Jun 6, 2022
$545,000
Jam Estates LLC
Ashor Tamo
Warranty Deed
$408,750 · Merchants And Manufacturers Bank
Jul 13, 2017
$532,500
Ashor Tamo
9600 N Greenwood LLC
Warranty Deed
$382,000 · Lakeside Bank
Sep 29, 2015
$478,000
9600 N Greenwood LLC
Mngl LLC
Warranty Deed
$358,000 · Pnc Bank NA
Mar 10, 2009
—
Mngl LLC
—
Trustees Deed
related
$100,000 · Park Ridge Community Bank
May 12, 2003
—
Mngl LLC
Lasalle Bank NA Trustee
Grant Deed
related
—
—
—
Mngl LLC
—
Deed Of Trust
related
$135,000 · Park Ridge Community Bank
—
—
Lasalle National Bank Trustee
—
Deed Of Trust
related
$109,000 · Lasalle Bank Fsb
—
—
Mngl LLC
—
Loan Modification
related
$134,992 · Park Ridge Com'ty Bk
—
—
Mngl LLC
—
Deed Of Trust
related
$400,000 · Broadway Bank
—
—
Mngl LLC
—
Deed Of Trust
related
$200,000 · Broadway 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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