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    Charles Rutenberg Realty

    1733 Park, #150, Naperville, IL 60563
    (630) 929-1100
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    Listings

    For Sale (39)

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    West Chicago Land For Sale
    $2,500,000
    9.09 Acres

    West Chicago Land For Sale

    9-acre land parcel in West Chicago, build up to 20 units.

    29W548 Cape Ave, West Chicago, IL 60185
    View details
    Renovated Retail and Restaurant Space
    $115,000

    Renovated Retail and Restaurant Space

    Move-in ready storefront with fresh finishes and new flooring, positioned for strong commercial visibility and flexible use.

    5017 S Ashland Ave, Chicago, IL 60609
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    Multi-Use Commercial Property
    $525,000
    0.21 Acres

    Multi-Use Commercial Property

    For-sale commercial property on S Cicero Avenue with COMMR zoning and quick access to I-290 via nearby exit.

    628 S Cicero Ave, Chicago, IL 60644
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    Residential Land in Carpentersville, IL
    $52,000
    0.26 Acres

    Residential Land in Carpentersville, IL

    Residential land available in Carpentersville, Illinois.

    19 N Lincoln Ave, Carpentersville, IL 60110
    View details
    Vintage Chicago 6-Unit Building
    $668,000

    Vintage Chicago 6-Unit Building

    Vintage 6-unit apartment building in Chicago's east side.

    9335-37 S Chicago Ave, Chicago, IL 60617
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    West Chicago Land For Sale
    Contact for pricing

    West Chicago Land For Sale

    Land available in West Chicago, Illinois.

    Rte 59 Hwy, West Chicago, IL 60185
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    Mixed-Use Commercial Property, Chicago
    $285,000
    10,150 SF

    Mixed-Use Commercial Property, Chicago

    High-traffic location with mixed-use potential on Chicago's South Side.

    10610 S Vincennes Ave, Chicago, IL 60643
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    West Chicago Land Available
    Contact for pricing
    0.20 Acres

    West Chicago Land Available

    Land on Route 59, West Chicago, IL.

    Rte 59 Hwy, West Chicago, IL 60185
    View details
    Remodeled Vintage Multi-Family Property
    $699,900

    Remodeled Vintage Multi-Family Property

    Renovated Chicago multi-family property with tenant-paid utilities.

    6418-20 S Stewart Ave, Chicago, IL 60621
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    Commercial Building Near Downtown Harvard
    $198,500
    0.06 Acres

    Commercial Building Near Downtown Harvard

    Commercial building near downtown Harvard with drive-through potential.

    400 N Division St, Harvard, IL 60033
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    Legal 5-Unit Multifamily Property
    $999,000

    Legal 5-Unit Multifamily Property

    Five-unit property in Chicago with income and upside potential.

    6235 N Mozart St, Chicago, IL 60659
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    Vacant Lot in Chicago
    Contact for pricing

    Vacant Lot in Chicago

    Vacant lot zoned RS-3, ready for single-family development.

    4918 W Hubbard St, Chicago, IL 60644
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    Devon Avenue Mixed-Use Property
    $600,000
    5,350 SF

    Devon Avenue Mixed-Use Property

    Mixed-use property on Devon Avenue with income from two businesses.

    2114 W Devon Ave, Chicago, IL 60659
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    Mixed-Use Property in Revitalization Area
    $215,000
    0.16 Acres

    Mixed-Use Property in Revitalization Area

    Mixed-use property with apartments, church, and storefront in Chicago.

    935 E 75Th St, Chicago, IL 60619
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    Waterfront Lot in Lake Forrest
    $165,000
    1.00 Acre

    Waterfront Lot in Lake Forrest

    Approximately 1-acre waterfront lot in Lake Forrest Subdivision.

    24858 W Lake Forrest Ln, Shorewood, IL 60404
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    Chicago Vacant Lot For Sale
    Contact for pricing

    Chicago Vacant Lot For Sale

    Vacant lot in Chicago, ideal for residential development.

    5217 S Wood St, Chicago, IL 60609
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    Oak Park Mixed-Use Investment
    $1,250,000
    0.19 Acres

    Oak Park Mixed-Use Investment

    Income-generating mixed-use building in Oak Park with recent renovations.

    6600-04 W Roosevelt Rd W, Oak Park, IL 60304
    View details
    Turnkey Restaurant Space in River North
    $664,888
    4,300 SF

    Turnkey Restaurant Space in River North

    Fully equipped restaurant space in a prime River North location.

    416 W Ontario St, Chicago, IL 60654
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    Chicago Commercial Lot For Sale
    $600,000
    0.19 Acres

    Chicago Commercial Lot For Sale

    C2-2 zoned lot ideal for commercial or mixed-use development.

    625 S Cicero Ave, Chicago, IL 60644
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    Commercial Site on Ashland Avenue
    $160,000
    0.28 Acres

    Commercial Site on Ashland Avenue

    Multi-parcel commercial site with development potential in Chicago.

    5937 S Ashland Ave, Chicago, IL 60636
    View details
    Historical Building with Event Space Approval
    $400,000
    0.17 Acres

    Historical Building with Event Space Approval

    Unique commercial space with event space approval in Chicago.

    11057-11059 S Homewood Ave, Chicago, IL 60643
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    Residential Lot in Waukegan, IL
    Contact for pricing
    0.37 Acres

    Residential Lot in Waukegan, IL

    Residential land for sale in Waukegan, Illinois.

    12352 W Atlantic Ave, Waukegan, IL 60085
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    Rehabbed Multifamily Building in Chicago
    $1,245,000

    Rehabbed Multifamily Building in Chicago

    Fully leased, rehabbed 12-unit building in West Humboldt Park.

    4855 W Cortez St, Chicago, IL 60651
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    Residential Land For Development
    $40,000

    Residential Land For Development

    Vacant land suitable for single or multi-family development.

    5956 S Sangamon St, Chicago, IL 60621
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    West Chicago Land on Route 59
    Contact for pricing
    0.20 Acres

    West Chicago Land on Route 59

    Land available on Route 59, south of downtown West Chicago.

    Rte 59 Hwy, West Chicago, IL 60185
    View details
    Two-Unit Residential Income Duplex
    $246,900
    0.07 Acres

    Two-Unit Residential Income Duplex

    Well-laid two-unit property with separate utilities, two furnaces, and an unfinished basement for storage.

    706 Broadway Ave, North Chicago, IL 60064
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    Chicago Multifamily Property For Sale
    $775,000

    Chicago Multifamily Property For Sale

    Multifamily property in North Mayfair, Chicago with excellent transportation.

    5015 N Kimberly Ave, Chicago, IL 60630
    View details
    Waterfront Lot in Westminster Gardens
    $85,000
    0.28 Acres

    Waterfront Lot in Westminster Gardens

    Prime waterfront lot for dream home in Shorewood, Illinois.

    21339 Somerset St, Shorewood, IL 60404
    View details
    Commercial Property with Flexible Zoning
    $130,000
    0.09 Acres

    Commercial Property with Flexible Zoning

    Well-maintained commercial property with C2-1 flexibility and convenient access near I-57 for a range of business uses.

    508 W 103Rd St, Chicago, IL 60628
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    West Chicago Land For Sale
    Contact for pricing
    0.20 Acres

    West Chicago Land For Sale

    Land available on Route 59, West Chicago.

    Rte 59 Hwy, West Chicago, IL 60185
    View details
    Chicago Multifamily Investment Opportunity
    $1,179,000

    Chicago Multifamily Investment Opportunity

    Seven gut-rehabbed units near I-290 and UIC Campus.

    3100 W Lexington St, Chicago, IL 60612
    View details
    Vacant Lot in Chicago
    Contact for pricing

    Vacant Lot in Chicago

    Vacant lot zoned B3-2, ideal for development.

    4006 W Polk St, Chicago, IL 60624
    View details
    Two-Unit Property with Pool
    $589,000

    Two-Unit Property with Pool

    Well-maintained two-unit property with garage, basement, and pool.

    4131 N Richmond St, Chicago, IL 60618
    View details
    Commercial Building Near Downtown
    Contact for pricing

    Commercial Building Near Downtown

    Commercial building with potential drive-through in a great location.

    400 N Division St, Harvard, IL 60033
    View details
    Vintage Chicago 6-Unit Apartment Building
    Contact for pricing

    Vintage Chicago 6-Unit Apartment Building

    Vintage 6-unit apartment building in up-and-coming Chicago location.

    9335-37 South Chicago Ave, Chicago, IL 60617
    View details
    Maywood Commercial Property - Huge Potential
    $698,888
    1,168 SF

    Maywood Commercial Property - Huge Potential

    Prime location, high-income used car lot, multiple buildings.

    310 Lake St, Maywood, IL 60153
    View details
    Oak Park Mixed-Use Building
    Contact for pricing
    8,277 SF

    Oak Park Mixed-Use Building

    Income-generating mixed-use building in Oak Park with renovated units.

    6600-04 W Roosevelt Rd W, Oak Park, IL 60304
    View details
    Turnkey Brick 4-Unit Investment
    Contact for pricing

    Turnkey Brick 4-Unit Investment

    Fully occupied, low-maintenance brick building with immediate cash flow.

    8301 S Carpenter St, Chicago, IL 60620
    View details
    Ashland Avenue Development Opportunity
    $70,000

    Ashland Avenue Development Opportunity

    B3-2 zoned 50x114.2 ft site on bustling Ashland Ave.

    5535 South Ashland Ave, Chicago, IL 60636
    View details

    For Lease (1)

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    Turnkey Restaurant Space in River North
    $664,888

    Turnkey Restaurant Space in River North

    Fully equipped restaurant space in Chicago's River North neighborhood.

    416 W Ontario St, Chicago, IL 60654
    View details

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    Charles Rutenberg Realty
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Charles Rutenberg Realty
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