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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Garden apartment buildings
9717 Lorraine Dr, Countryside, IL 60525-7912
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US28-1893830
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Total area
6,720 SF
Lot
0.34 ac (14,994 SF)
APN
18-16-213-039
UPID
US28-1893830
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
by Request
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.09M
Owner & transaction history
Mt Group LLC · 13 yrs held
Mt Group LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+20.3%
Office building
$1.5M
+17.1%
Neighborhood: shopping center
$1.5M
+13.6%
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 Countryside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Countryside 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,300,000
Current use
COMMERCIAL (GENERAL)
$1,560,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$1,520,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,475,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$161 / 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
$19,866
Tax year 2022
Assessed value
$78,954
Assessed 2022
Previous assessed
$78,954
+0.0% YoY
Effective rate
25.16%
On assessed value
Assessed land
$11,995
Assessed improvement
$66,959
Land market value
$119,950
Improvement market value
$669,590
Total market value
$789,540
Applied tax rate
21,011.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1966
Heating
NONE
Stories
2
Total area
6,720 SF
Lot
0.34 ac (14,994 SF)
APN
18-16-213-039
UPID
US28-1893830
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
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1966
Heating
NONE
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Mt Group LLC
Entity
Mailing address
1008 S STONE AVE, LA GRANGE, IL 60525-2730
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2020
—
Mt Group LLC
—
Deed
related
$366,305 · First Nat'l Bk/brookfield
Jan 15, 2013
$600,000
Mt Group LLC
9717 Lorraine Of Countryside LLC
Grant Deed
$546,000 · First Nat'l Bk/brookfield
May 24, 2012
—
9717 Lorraine Of Countryside LLC
Chicago Title Land Trust Co
Grant Deed
related
—
Aug 23, 2010
—
Trust 1-3109
—
Trustees Deed
related
$781,264 · Bridgeview Bank Group
Jan 13, 2006
—
Trust 1-3109
Trust 3564
Quit Claim Deed
related
$840,000 · Bridgeview Bank Group
—
—
Western Springs National Bk Tt
—
Deed Of Trust
related
$148,509 · First National Bk Brookfield
—
—
Sks & Associates
—
Deed Of Trust
related
$122,765 · First National Bank Brookfield
—
—
Bridgeview Bank Group
—
Deed Of Trust
related
$2,145,000 · Bridgeview Bank Group
—
—
Mt Group LLC
—
Loan Modification
related
$366,305 · First Nat'l Bk/brookfield
—
—
Western Springs Natl Bk Ttee
—
Deed Of Trust
related
$80,181 · First National Bank Brookfield
—
—
Springs Natl B Western
—
Deed Of Trust
related
$500,000 · Greatbank NA
—
—
Western Springs Natl Bank Ttee
—
Deed Of Trust
related
$180,291 · First National Bank Brookfield
—
—
Western Springs Natl Bank Ttee
—
Deed Of Trust
related
$80,704 · First National Bank Brookfield
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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