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    Charles Rutenberg Realty

    1733 Park, #150, Naperville, IL 60563
    (630) 929-1100
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    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale
    • Residential Multi Family
    • Commercial Lease

    Listings

    For Sale (43)

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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
    Chicago Commercial Opportunity For Sale
    $525,000
    0.21 Acres

    Chicago Commercial Opportunity For Sale

    Prime commercial location near I-290 in West Garfield Park.

    628 S Cicero Ave, Chicago, IL 60644
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    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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    Carpentersville Land For Sale
    $65,000
    0.26 Acres

    Carpentersville Land For Sale

    Residential land available in Carpentersville, Illinois.

    19 N Lincoln Ave, Carpentersville, IL 60110
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    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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    Chicago Land For Sale
    $249,000

    Chicago Land For Sale

    Land available in Chicago, Illinois.

    6811 S Langley Ave, Chicago, IL 60637
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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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    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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    Residential Lots in Waukegan Corridor
    Contact for pricing
    0.13 Acres

    Residential Lots in Waukegan Corridor

    Four residential lots for sale in mixed-use Waukegan corridor.

    3320 Sunset Ave, Waukegan, IL 60087
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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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    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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    Chicago Multi-Family Investment Opportunity
    $750,000

    Chicago Multi-Family Investment Opportunity

    Multi-family property in North Mayfair with three units.

    5015 N Kimberly Ave, Chicago, IL 60630
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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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    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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    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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    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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    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
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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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    Chicago Commercial Property with C2-1 Zoning
    $130,000
    0.09 Acres

    Chicago Commercial Property with C2-1 Zoning

    Well-maintained commercial property with C2-1 zoning in Chicago's Washington Heights.

    508 W 103Rd St, Chicago, IL 60628
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    Ashland Avenue Development Opportunity
    $70,000
    0.14 Acres

    Ashland Avenue Development Opportunity

    High-visibility lot ideal for commercial or mixed-use development.

    6422 S Ashland Ave, Chicago, IL 60636
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    Turnkey Restaurant Space in River North
    $774,888
    4,300 SF

    Turnkey Restaurant Space in River North

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

    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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    Two-Unit Property Near I-55
    $330,000

    Two-Unit Property Near I-55

    Two-unit property in Cicero, near I-55, schools, parks, and transit.

    4916 W 29Th St, Cicero, IL 60804
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    Renovated Commercial Space, Chicago
    $125,000

    Renovated Commercial Space, Chicago

    Move-in ready commercial space with high potential in prime location.

    5017 S Ashland Ave, Chicago, IL 60609
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    North Chicago Multifamily Property
    $246,900
    0.07 Acres

    North Chicago Multifamily Property

    Spacious two-unit property near the Navy base and train.

    706 Broadway Ave, North Chicago, IL 60064
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    Chicago Land For Sale
    $195,000

    Chicago Land For Sale

    Land with development potential, ideal for mixed-use or commercial projects.

    5954 S Ashland Ave, Chicago, IL 60636
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    Vacant Fenced Corner Lot
    Contact for pricing

    Vacant Fenced Corner Lot

    Vacant fenced corner lot in Chicago, Illinois.

    2760 W Maypole Ave, Chicago, IL 60612
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    Rehabbed Chicago Retail Property
    $440,000

    Rehabbed Chicago Retail Property

    Retail property completely rehabbed in 2025, Chicago, IL.

    3947 W Polk St, Chicago, IL 60624
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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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    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
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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
    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
    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
    View details
    Chicago Multifamily Gut Rehabbed Units
    $1,184,000

    Chicago Multifamily Gut Rehabbed Units

    Seven fully leased, high-quality rehabbed units near UIC Campus.

    3100 W Lexington St, Chicago, IL 60612
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    Chicago Land For Sale
    $425,000

    Chicago Land For Sale

    Large M1-2 zoned lot in Chicago's West Side corridor.

    4600 W Flournoy St, Chicago, IL 60644
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    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
    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
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    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
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    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
    $1,250,000
    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
    $425,000

    Turnkey Brick 4-Unit Investment

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

    8301 S Carpenter St, Chicago, IL 60620
    View details

    For Lease (2)

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    Renovated Retail Space in Chicago
    Contact for pricing

    Renovated Retail Space in Chicago

    Move-in ready retail space in high-traffic Chicago location.

    5017 S Ashland Ave, Chicago, IL 60609
    View details
    Turnkey Restaurant Space in River North
    $774,888

    Turnkey Restaurant Space in River North

    Fully equipped restaurant space for lease or sale in Chicago.

    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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