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    Dream Town Realty

    1950 North Sedgwick, Chicago, IL 60614
    (312) 265-8000
    Web Site
    Size: 10+ agents

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    Property Types

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

    Listings

    For Sale (47)

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    Corner Lot Development Opportunity
    $250,000
    0.09 Acres

    Corner Lot Development Opportunity

    24.35' x 177' corner lot near Kimball Arts Center.

    1701 N Kimball Ave, Chicago, IL 60647
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    Vacant Lot in Park Ridge
    $405,000
    0.23 Acres

    Vacant Lot in Park Ridge

    Vacant commercial land available in Park Ridge, Illinois.

    38 E Touhy Ave, Park Ridge, IL 60068
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    West Englewood Vacant Land
    $125,000
    0.35 Acres

    West Englewood Vacant Land

    Vacant land in West Englewood, Chicago, ideal for manufacturing.

    2101 W 69Th St, Chicago, IL 60636
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    Vintage Chicago Triplex with Updates
    $689,900

    Vintage Chicago Triplex with Updates

    Well-maintained vintage triplex in Norwood Park with long-term tenants.

    6306 W Holbrook St, Chicago, IL 60646
    View details
    Bucktown Redevelopment Opportunity
    $7,999,999
    0.33 Acres

    Bucktown Redevelopment Opportunity

    Prime Chicago site for commercial, residential, or mixed-use redevelopment.

    2135 W Armitage Ave, Chicago, IL 60647
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    Multifamily Lot with Gut-Rehab 3-Flat
    $500,000

    Multifamily Lot with Gut-Rehab 3-Flat

    Oversized lot with a brick 3-flat that needs a gut rehab and is not currently livable.

    3008 N Davlin Ct, Chicago, IL 60618
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    Bronzeville Two-Flat Investment Opportunity
    $489,999
    0.06 Acres

    Bronzeville Two-Flat Investment Opportunity

    Two-unit property in historic Bronzeville near amenities and transportation.

    4829 S Champlain Ave, Chicago, IL 60615
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    Residential Lot in Park Ridge
    $599,900

    Residential Lot in Park Ridge

    Large lot ready for new construction in Park Ridge, IL.

    510 N Aldine Ave, Park Ridge, IL 60068
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    Libertyville Office Space For Sale
    $259,900
    4.39 Acres

    Libertyville Office Space For Sale

    Spacious office suite with five private offices and ample parking.

    1880 W Winchester Rd, Libertyville, IL 60048
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    Chicago Multifamily Rehab Opportunity
    $99,900

    Chicago Multifamily Rehab Opportunity

    Two-unit brick building in Chicago, ideal for rehab and investment.

    609 E 88Th Pl, Chicago, IL 60619
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    Versatile Commercial Building in Chicago
    $280,000
    4,000 SF

    Versatile Commercial Building in Chicago

    Two-unit commercial building with open floor plans in Chicago.

    545-547 E 103Rd St, Chicago, IL 60628
    View details
    Updated Multi-Unit Property in Chicago
    $399,000

    Updated Multi-Unit Property in Chicago

    Vacant, updated multi-unit property in North Lawndale with modern finishes.

    1141 S Saint Louis Ave, Chicago, IL 60624
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    Trump Tower Parking Space
    $50,000

    Trump Tower Parking Space

    Parking space in a prime, accessible location.

    401 N Wabash Ave, Chicago, IL 60611
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    Chicago Land For Sale
    $599,000

    Chicago Land For Sale

    Land available in Chicago, Illinois.

    1416 W Grand Ave, Chicago, IL 60642
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    Double Corner Lot in Chicago
    $70,000

    Double Corner Lot in Chicago

    Double corner lot suitable for multi-unit development in Chicago.

    3855 W Gladys Ave, Chicago, IL 60624
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    Chicago Land in West Garfield
    $35,000

    Chicago Land in West Garfield

    Standard Chicago lot suitable for development in West Garfield Park.

    4008 W Monroe St, Chicago, IL 60624
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    Bucktown Redevelopment Opportunity
    $7,999,999
    0.33 Acres

    Bucktown Redevelopment Opportunity

    Prime Chicago site for commercial, residential, or mixed-use redevelopment.

    2135 W Armitage Ave, Chicago, IL 60647
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    Income-Producing Multifamily Property in Chicago
    $330,000

    Income-Producing Multifamily Property in Chicago

    Well-maintained, fully occupied multifamily property in Chicago's Chatham community.

    8342 S Wabash Ave, Chicago, IL 60619
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    Chicago Manufacturing Land Opportunity
    $2,232,000
    0.27 Acres

    Chicago Manufacturing Land Opportunity

    Land with three connecting buildings, high ceilings, and loading docks.

    1618-22 N Throop St, Chicago, IL 60642
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    East Garfield Park Two-Flat Greystone
    $475,000

    East Garfield Park Two-Flat Greystone

    Two-flat greystone with upside in East Garfield Park neighborhood.

    2714 W Lexington St, Chicago, IL 60612
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    Oversized Lot in East Garfield
    $200,000
    0.11 Acres

    Oversized Lot in East Garfield

    Oversized lot in East Garfield Park with RM-5 zoning.

    3334 W Warren Blvd, Chicago, IL 60624
    View details
    Updated Three-Unit Building in Oak Park
    $1,250,000

    Updated Three-Unit Building in Oak Park

    Renovated three-unit building with modern updates and historic charm.

    1101 S Oak Park Ave, Oak Park, IL 60304
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    North Center Three-Unit Building
    $990,000

    North Center Three-Unit Building

    Legal three-unit building in Chicago's desirable North Center neighborhood.

    1922 W Wolfram St, Chicago, IL 60657
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    LAND - Chicago, IL
    $500,000

    LAND - Chicago, IL

    Land

    3008 N Davlin Ct, Chicago, IL 60618
    View details
    Chicago Brick Two-Flat For Sale
    $149,900

    Chicago Brick Two-Flat For Sale

    Two-unit property in Austin neighborhood near public transportation.

    4911 W Van Buren St, Chicago, IL 60644
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    Two-Unit Multifamily with Attic
    $215,000

    Two-Unit Multifamily with Attic

    Oversized two-unit property with attic, basement, and included side lot offers upside for rental income or renovation projects.

    4827 S Throop St, Chicago, IL 60609
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    Modern-Industrial Chicago Two-Unit Property
    $650,000

    Modern-Industrial Chicago Two-Unit Property

    Unique two-unit property with modern-industrial design and income potential.

    1011 N Mozart St, Chicago, IL 60622
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    Versatile Commercial Space in South Loop
    $285,000
    1,100 SF

    Versatile Commercial Space in South Loop

    Bright, open-concept commercial space in vibrant Chicago neighborhood.

    18 E Cullerton St, Chicago, IL 60616
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    River Plaza Heated Parking Space
    $39,000

    River Plaza Heated Parking Space

    Heated, secure parking space in River Plaza Condominium.

    405 N Wabash Ave, Chicago, IL 60611
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    Spacious Lincoln Square Two-Flat
    $850,000

    Spacious Lincoln Square Two-Flat

    Oversized two-flat in Lincoln Square with development potential.

    4734 N Artesian Ave, Chicago, IL 60625
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    West Humboldt Park Corner Lot
    $49,900
    0.07 Acres

    West Humboldt Park Corner Lot

    Corner lot in West Humboldt Park near transportation and amenities.

    856 N Avers Ave, Chicago, IL 60651
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    Residential Lot in West Garfield
    $35,000

    Residential Lot in West Garfield

    Vacant Chicago residential lot near Garfield Park, suitable for development.

    4252 W Wilcox St, Chicago, IL 60624
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    Chicago Land in West Garfield
    $35,000

    Chicago Land in West Garfield

    Standard Chicago lot near Garfield Park, suitable for development.

    3823 W Gladys Ave, Chicago, IL 60624
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    West Garfield Park Development Land
    $75,000

    West Garfield Park Development Land

    Large lot in historic West Garfield Park, Chicago.

    3854 W Van Buren St, Chicago, IL 60624
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    Versatile Commercial Space in South Loop
    $285,000
    1,100 SF

    Versatile Commercial Space in South Loop

    Bright, open-concept commercial space in vibrant South Loop neighborhood.

    18 E Cullerton St, Chicago, IL 60616
    View details
    Cicero Multi-Unit Building For Sale
    $299,900

    Cicero Multi-Unit Building For Sale

    Legal 3-unit building with value-add potential in Cicero, Illinois.

    5113 W 32Nd St, Cicero, IL 60804
    View details
    Chicago Land Lease Opportunity
    Contact for pricing
    0.82 Acres

    Chicago Land Lease Opportunity

    Prime city site for storage, truck parking, and various uses.

    2432-2458 W Roosevelt Rd, Chicago, IL 60608
    View details
    Woodlawn Development Plot For Sale
    $100,000
    0.10 Acres

    Woodlawn Development Plot For Sale

    Development plot in thriving area near parks and lakefront.

    6545 S Woodlawn Ave, Chicago, IL 60637
    View details
    Mixed-Use Investment Opportunity, Chicago
    $3,275,000
    1,560 SF

    Mixed-Use Investment Opportunity, Chicago

    Portfolio investment in prime Chicago location with mixed-use asset.

    163 W Division St, Chicago, IL 60610
    View details
    Residential Oasis with Warehouse
    $1,025,000
    10.00 Acres

    Residential Oasis with Warehouse

    10-acre residential-zoned land with warehouse near Chicago.

    813 Menge Rd, Marengo, IL 60152
    View details
    Chicago Multifamily Property for Sale
    $525,000

    Chicago Multifamily Property for Sale

    Multifamily property available in Chicago, Illinois.

    1450 S Avers Ave, Chicago, IL 60623
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    Evanston Retail Condo Opportunity
    $250,000

    Evanston Retail Condo Opportunity

    Highly visible retail condo in the heart of Evanston.

    2611 Prairie Ave, Evanston, IL 60201
    View details
    Roscoe Village Three-Flat with Garage
    $849,900

    Roscoe Village Three-Flat with Garage

    Legal three-flat in the heart of Roscoe Village neighborhood.

    3243 N Hoyne Ave, Chicago, IL 60618
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    Heated Garage Space in River North
    Contact for pricing

    Heated Garage Space in River North

    Heated indoor garage space in a prime River North location.

    440 N Wabash Ave, Chicago, IL 60611
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    Chicago Commercial Property for Sale
    $7,500,000

    Chicago Commercial Property for Sale

    Commercial property available in Chicago, Illinois.

    165 N May St, Chicago, IL 60607
    View details
    South Loop Commercial Space For Sale
    $285,000

    South Loop Commercial Space For Sale

    Versatile commercial space in vibrant South Loop neighborhood.

    18 E Cullerton St, Chicago, IL 60616
    View details
    Vacant Lot in Park Ridge
    Contact for pricing

    Vacant Lot in Park Ridge

    Vacant land with alleyway access in Park Ridge, Illinois.

    38 E Touhy Ave, Park Ridge, IL 60068
    View details

    For Lease (7)

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    Edgewater Retail Space Available
    Contact for pricing

    Edgewater Retail Space Available

    Corner storefront in Edgewater with natural light and ample space.

    5459 N Broadway St, Chicago, IL 60640
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    Bucktown Storefront for Lease
    Contact for pricing
    2,614 SF

    Bucktown Storefront for Lease

    New commercial space in Bucktown, ideal for retail or professional.

    2157 N Western Ave, Chicago, IL 60647
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    Professional Office Space in Chicago
    Contact for pricing

    Professional Office Space in Chicago

    Well-designed office space suitable for various professional uses.

    6284 N Cicero Ave, Chicago, IL 60646
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    Chicago Office Space For Rent
    Contact for pricing

    Chicago Office Space For Rent

    Turnkey office space suitable for medical or general use.

    4827 W Irving Park Rd, Chicago, IL 60641
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    Finished Commercial Space Near Uptown
    $24 SF/Yr

    Finished Commercial Space Near Uptown

    Versatile 1,925 SF space near Uptown Park Ridge.

    831 W Touhy Ave, Park Ridge, IL 60068
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    River North Renovated Commercial Space
    $14 SF/Yr

    River North Renovated Commercial Space

    Renovated River North commercial space ideal for retail or fitness.

    415 W Huron St, Chicago, IL 60654
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    Renovated Commercial Space on Huron
    $14 SF/Yr

    Renovated Commercial Space on Huron

    Full-floor commercial space with timber posts, exposed brick, and hardwood.

    415 W Huron St, Chicago, IL 60654
    View details

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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
    Dream Town Realty
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