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    Hometown Real Estate

    7700 W Belmont Ave, Chicago, IL 60634
    (773) 870-2773
    Web Site
    Size: 10+ agents

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    Illinois

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    Property Types

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

    Listings

    For Sale (25)

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    Harwood Heights Corner Lot
    $269,000
    0.10 Acres

    Harwood Heights Corner Lot

    Prime corner lot suitable for multi-family or single-family construction.

    6420 W Gunnison St, Harwood Heights, IL 60706
    View details
    Hotel with Business Booster Program
    $500,000

    Hotel with Business Booster Program

    Hotel with 24 guest rooms and potential business incentives.

    142 Smith St, Barry, IL 62312
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    Chicago Multifamily Investment Opportunity
    $355,000
    1,500 SF

    Chicago Multifamily Investment Opportunity

    Prime real estate near downtown Chicago with income potential.

    1607 S Sawyer Ave, Chicago, IL 60623
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    Multifamily Greystone Near Downtown Chicago
    $344,000
    1,500 SF

    Multifamily Greystone Near Downtown Chicago

    Prime real estate opportunity near downtown Chicago and Douglas Park.

    1609 S Sawyer Ave, Chicago, IL 60623
    View details
    Matteson Land Development Opportunity
    $129,900

    Matteson Land Development Opportunity

    Prime land opportunity in Matteson near amenities and transportation.

    6508 57, Matteson, IL 60443
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    Chicago Two-Flat with Finished Attic
    $499,000

    Chicago Two-Flat with Finished Attic

    Two-flat with finished attic and basement in Chicago.

    5543 W Drummond Pl, Chicago, IL 60639
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    Recreational Land in Schuyler County
    $189,500
    34.56 Acres

    Recreational Land in Schuyler County

    34.56 acres of secluded land with building site possibilities.

    000 Flick Rd, Queen City, MO 63561
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    Chicago Multi-Unit Investment Property
    $299,000

    Chicago Multi-Unit Investment Property

    Two-unit building near transportation, updated electric and plumbing.

    5427 S Wolcott Ave, Chicago, IL 60609
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    Chicago Multi-Family Investment Property
    $299,000

    Chicago Multi-Family Investment Property

    Two-unit building, fully rented, updated, convenient location.

    225 W 108Th Pl, Chicago, IL 60628
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    Sigourney Land with Utilities
    $110,000
    1.10 Acres

    Sigourney Land with Utilities

    1.1 acre lot with utilities, suitable for commercial/residential use.

    603 S 200Th St, Sigourney, IA 52591
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    3.4 Acres in Grant County
    $39,800
    3.41 Acres

    3.4 Acres in Grant County

    3.4-acre wooded parcel in Grant County, New Mexico.

    Bonita Ave, Silver City, NM 88061
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    Land in Silver City, NM
    Contact for pricing
    1.25 Acres

    Land in Silver City, NM

    Residential land available for new home construction in Silver City.

    Broken Arrow Dr, Silver City, NM 88061
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    Land in Silver City, NM
    $30,000
    0.74 Acres

    Land in Silver City, NM

    Land available in Silver City, New Mexico.

    Half Moon Cir, Silver City, NM 88061
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    Land in Silver City, NM
    Contact for pricing
    1.03 Acres

    Land in Silver City, NM

    Residential land with views near Silver City, New Mexico.

    2722 Spur Dr, Silver City, NM 88061
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    Land in Silver City, NM
    $130,000
    3.65 Acres

    Land in Silver City, NM

    Two lots totaling 3.65 acres in Indian Hills.

    Cain Dr, Silver City, NM 88061
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    Land in Mimbres Valley
    $40,000
    0.99 Acres

    Land in Mimbres Valley

    One-acre property with mountain views, ideal for recreation.

    Highway 35, Mimbres, NM 88041
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    Land Near Silver City, NM
    $30,000
    1.01 Acres

    Land Near Silver City, NM

    Residential land available near Silver City, New Mexico.

    8xx Lance Dr, Silver City, NM 88061
    View details
    Chicago Commercial Property for Sale
    $749,999
    0.06 Acres

    Chicago Commercial Property for Sale

    Commercial property for sale in Chicago, Illinois.

    7710-12 W Belmont Ave, Chicago, IL 60634
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    Commercial Property in Chicago, IL
    $999,999
    0.12 Acres

    Commercial Property in Chicago, IL

    Commercial property for sale in Chicago, Illinois.

    7710-14 W Belmont Ave, Chicago, IL 60634
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    Chicago Four-Unit Multifamily Building
    $420,000

    Chicago Four-Unit Multifamily Building

    Four-unit building with recent updates and income potential.

    9116 S Chicago Ave, Chicago, IL 60617
    View details
    Secluded Pike County Whitetail Farm
    $859,775
    98.26 Acres

    Secluded Pike County Whitetail Farm

    98.26± acre managed whitetail farm with income.

    000 375Th St, New Salem, IL 62363
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    Commercial Building in Chicago, IL
    $399,999
    0.06 Acres

    Commercial Building in Chicago, IL

    Commercial building suitable for stores, offices, restaurants, or medical use.

    7714 W Belmont Ave, Chicago, IL 60634
    View details
    Versatile Commercial Property Near Sigourney
    $450,000
    25,000 SF

    Versatile Commercial Property Near Sigourney

    Multi-use property near Sigourney, Iowa, suitable for various business ventures.

    20595 255Th St, Sigourney, IA 52591
    View details
    Vacant Lot in Algonquin Center
    $120,000
    0.32 Acres

    Vacant Lot in Algonquin Center

    Commercial land in Algonquin town center near major retailers.

    4 B, Algonquin, IL 60101
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    Versatile Commercial Property Near Sigourney
    $450,000

    Versatile Commercial Property Near Sigourney

    Multi-use property with event venue, storage, and development potential.

    20595 255Th St, Sigourney, IA 52591
    View details

    For Lease (1)

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    Chicago Retail or Office Space
    Contact for pricing

    Chicago Retail or Office Space

    Upgraded commercial space with high visibility on Belmont Avenue.

    7704 W Belmont Ave, Chicago, IL 60634
    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
    Hometown Real Estate
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