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    For Sale (31)

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    Woodlawn Multifamily Investment Opportunity
    $210,000

    Woodlawn Multifamily Investment Opportunity

    Multifamily property near Washington Park, ideal for investors.

    6149 S Vernon Ave, Chicago, IL 60637
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    Residential Multi-Unit Building Opportunity
    $680,000

    Residential Multi-Unit Building Opportunity

    Six-unit building in excellent condition with income potential.

    7317-19 S Luella Ave, Chicago, IL 60649
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    Mixed-Use Building with Renovation Potential
    $220,000
    0.13 Acres

    Mixed-Use Building with Renovation Potential

    Corner mixed-use building with commercial storefront and residential units.

    5029 W 29Th Pl, Cicero, IL 60804
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    Gut-Rehabbed Chicago Two-Flat For Sale
    $389,999

    Gut-Rehabbed Chicago Two-Flat For Sale

    Completely renovated two-unit property with income potential in Chicago, IL.

    7830 S Marshfield Ave, Chicago, IL 60620
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    Chicago Land For Sale
    $149,900
    0.09 Acres

    Chicago Land For Sale

    Land available in Chicago, Illinois.

    6640 S Wolcott Ave, Chicago, IL 60636
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    Chicago Two-Unit Flat Opportunity
    $344,900

    Chicago Two-Unit Flat Opportunity

    Solid brick 2-unit flat in Grand Crossing neighborhood.

    7140 S Eberhart Ave, Chicago, IL 60619
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    Evanston Two-Unit Investment Opportunity
    $449,000
    0.11 Acres

    Evanston Two-Unit Investment Opportunity

    Well-maintained two-unit property in Evanston's desirable neighborhood.

    1213 Darrow Ave, Evanston, IL 60202
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    Turnkey Mayfair Commercial Opportunity
    Contact for pricing
    0.11 Acres

    Turnkey Mayfair Commercial Opportunity

    Prime commercial space with high visibility on Lawrence Avenue.

    4117 W Lawrence Ave, Chicago, IL 60630
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    Chicago Two-Flat with Modern Updates
    $324,000

    Chicago Two-Flat with Modern Updates

    Meticulously maintained two-flat with original charm and modern updates.

    6341 S Richmond St, Chicago, IL 60629
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    Chicago Mixed-Use Investment Opportunity
    $200,000
    0.07 Acres

    Chicago Mixed-Use Investment Opportunity

    Two-unit building with retail and residential income potential.

    1651 W 79Th St, Chicago, IL 60620
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    Chicago Land Across From Sherman Park
    $145,000

    Chicago Land Across From Sherman Park

    Prime lot across from Sherman Park, ideal for multi-unit development.

    5226 S Loomis St, Chicago, IL 60609
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    Renovated 2-Unit Investment Property
    $349,900
    0.06 Acres

    Renovated 2-Unit Investment Property

    Fully renovated 2-unit property in eastern Austin neighborhood, Chicago.

    4844 W Rice St, Chicago, IL 60651
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    Woodlawn 2-Flat Brick Building
    $299,000

    Woodlawn 2-Flat Brick Building

    Investment opportunity: 2-flat brick building in Woodlawn, Chicago.

    6351 S Drexel Ave, Chicago, IL 60637
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    Updated Two-Flat with Basement
    $400,000

    Updated Two-Flat with Basement

    Updated two-flat with basement in Chicago, Illinois.

    5523 W Huron St, Chicago, IL 60644
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    Vacant Land in Fuller Park
    Contact for pricing

    Vacant Land in Fuller Park

    Vacant land suitable for builders and investors in Chicago's Fuller Park.

    5212 S Wells St, Chicago, IL 60609
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    Oversized Lot Near Amenities
    $108,000

    Oversized Lot Near Amenities

    Affordable lot near expressways, golf, shopping, and transportation.

    341 Oak Ave, Wood Dale, IL 60191
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    Vacant Corner Lot in Chicago
    $170,000
    0.06 Acres

    Vacant Corner Lot in Chicago

    East Garfield Park vacant land, ready for development.

    1102-1108 S Albany Ave, Chicago, IL 60612
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    Niles Food Mart Business
    $260,000
    2,800 SF

    Niles Food Mart Business

    Food mart business for sale in prime commercial location.

    8809 N Milwaukee Ave, Niles, IL 60714
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    Active Bakery Storefront on Archer
    $325,000
    0.05 Acres

    Active Bakery Storefront on Archer

    Bakery storefront property on Archer Avenue with high traffic.

    4242 S Archer Ave, Chicago, IL 60632
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    Mixed-Use Building on Cottage Grove
    $299,000
    0.06 Acres

    Mixed-Use Building on Cottage Grove

    Mixed-use property with commercial space, live/work unit, and apartment.

    8110 S Cottage Grove Ave, Chicago, IL 60619
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    Established Auto Repair Business Opportunity
    $2,250,000
    9,656 SF

    Established Auto Repair Business Opportunity

    Prime commercial corner location, long-standing auto repair business for sale.

    5000 W Cermak Rd W, Cicero, IL 60804
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    Chicago Land with RT4 Zoning
    $45,000

    Chicago Land with RT4 Zoning

    Land with RT4 zoning in Chicago available for sale.

    4720 W Washington Blvd, Chicago, IL 60644
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    Three-Lot Mixed-Use Property
    Contact for pricing
    8,000 SF

    Three-Lot Mixed-Use Property

    Fully occupied three-lot property with redevelopment potential in Arcadia Terrace.

    5620 N Western Ave, Chicago, IL 60659
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    Mission Light Industrial Land
    $1,000,000
    6 SF

    Mission Light Industrial Land

    6.69-acre light industrial tract in Mission, Texas.

    S Conway Ave, Mission, TX 78572
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    Food Mart Business For Sale
    $260,000
    4,990 SF

    Food Mart Business For Sale

    Food mart business for sale with prime commercial corner location.

    8809 N Milwaukee Ave, Niles, IL 60714
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    Active Bakery Storefront on Archer
    $325,000
    2,187 SF

    Active Bakery Storefront on Archer

    Bakery storefront property on Archer Avenue with high traffic.

    4242 S Archer Ave, Chicago, IL 60632
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    Vacant Land Available For Sale
    $30,000

    Vacant Land Available For Sale

    Vacant land available for sale in Chicago, Illinois.

    6537 South Emerald Ave, Chicago, IL 60621
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    Vacant Lot with Owner Financing
    $100,000

    Vacant Lot with Owner Financing

    Vacant lot with flexible owner financing in Chicago, Illinois.

    656 West 61St St, Chicago, IL 60621
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    Bucktown Mixed-Use Investment Opportunity
    $873,000
    2,400 SF

    Bucktown Mixed-Use Investment Opportunity

    Mixed-use property with commercial tenant and residential unit in Bucktown.

    2062 North Damen Ave, Chicago, IL 60647
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    Vacant Land For Sale
    $45,000

    Vacant Land For Sale

    Vacant land available for sale in Chicago, Illinois.

    614 West 61St Pl, Chicago, IL 60621
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    Land Available for Sale
    $45,000

    Land Available for Sale

    Land for sale in Chicago, Illinois.

    6531 South Emerald Ave, Chicago, IL 60621
    View details

    For Lease (3)

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    Commercial Space in La Grange
    $2,000 / Mo

    Commercial Space in La Grange

    Commercial space for rent in La Grange, Illinois.

    505 S Ln Grange Rd, La Grange, IL 60525
    View details
    Chicago Office/Live Work Space
    Contact for pricing
    2,614 SF

    Chicago Office/Live Work Space

    Office/live work space in the heart of Chatham.

    8110 S Cottage Grove Ave, Chicago, IL 60619
    View details
    La Grange Retail Opportunity
    Contact for pricing
    7,688 SF

    La Grange Retail Opportunity

    Commercial retail space available for rent in La Grange, IL.

    505 S Ln Grange Rd, La Grange, IL 60525
    View details

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    Exit Strategy 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
    Exit Strategy Realty
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