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    Kale Realty

    2447 N Ashland, Chicago, IL 60614
    (312) 939-5253
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    Size: 50+ agents

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    Listings

    For Sale (47)

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    Turnkey Mixed-Use Property in Chicago
    $375,000
    0.06 Acres

    Turnkey Mixed-Use Property in Chicago

    Two-story building with commercial space and two apartment units.

    250 E 115Th St, Chicago, IL 60628
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    Chicago Multiunit Rehab Opportunity
    $65,000

    Chicago Multiunit Rehab Opportunity

    Multiunit building on a double lot, perfect for rental income.

    10540 S Lafayette Ave, Chicago, IL 60628
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    North Lawndale Three-Unit Building
    $420,000

    North Lawndale Three-Unit Building

    Well-maintained, vacant three-unit building in Chicago's North Lawndale neighborhood.

    1529 S Homan Ave, Chicago, IL 60623
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    Chicago Single-Family Restoration Opportunity
    $98,000

    Chicago Single-Family Restoration Opportunity

    Corporate-owned single-family home in Chicago, sold as-is.

    5951 S Elizabeth St, Chicago, IL 60636
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    Chicago Multifamily Property For Sale
    $849,900
    0.07 Acres

    Chicago Multifamily Property For Sale

    Multifamily property in Chicago, IL, available for purchase.

    2843 W Fletcher St, Chicago, IL 60618
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    Chicago Multifamily Property For Sale
    $285,000
    0.07 Acres

    Chicago Multifamily Property For Sale

    Multifamily property in Chicago, ideal for investors or owner-occupants.

    539 E 68Th St, Chicago, IL 60637
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    Spacious Greystone Multifamily Property
    $244,900
    0.07 Acres

    Spacious Greystone Multifamily Property

    Well-maintained Greystone with two units plus finished garden unit.

    6522 S Peoria St, Chicago, IL 60621
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    Chicago Multi-Unit Investment Opportunity
    $628,000

    Chicago Multi-Unit Investment Opportunity

    Well-maintained 3-unit property in prime Chicago location.

    3600 S Marshfield Ave, Chicago, IL 60609
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    Lemont Wooded Lot Opportunity
    $349,999
    1.61 Acres

    Lemont Wooded Lot Opportunity

    1.61-acre wooded lot in Lemont's Cache Lakes area.

    1365 Gordon Ln, Lemont, IL 60439
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    Chicago Parking Spot For Sale
    Contact for pricing

    Chicago Parking Spot For Sale

    Parking spot for sale in Chicago's 60611 area.

    401 N Wabash Ave, Chicago, IL 60611
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    Chicago Parking Space For Sale
    $50,000

    Chicago Parking Space For Sale

    9th-floor parking space available in Chicago's 60611 area.

    401 N Wabash Ave, Chicago, IL 60611
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    Multi-Family Property in Chicago
    $950,000
    0.07 Acres

    Multi-Family Property in Chicago

    Four-unit building with coach house in Healy School District.

    2953 S Emerald Ave, Chicago, IL 60616
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    Chicago Two-Unit Building Opportunity
    $219,000

    Chicago Two-Unit Building Opportunity

    Partially rehabbed two-unit building with new HVAC and updated plumbing.

    11944 S Perry Ave, Chicago, IL 60628
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    Chicago Two-Unit Investment Opportunity
    $79,500

    Chicago Two-Unit Investment Opportunity

    Turn-key two-unit property with value-add potential in Chicago.

    8623 S Manistee Ave, Chicago, IL 60617
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    Berwyn Multifamily Property Near Train
    $549,900

    Berwyn Multifamily Property Near Train

    Two-unit property with vintage details, close to transportation.

    3109 Clarence Ave, Berwyn, IL 60402
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    Jumbo Chicago Multi-Family Property
    $505,000
    5,700 SF

    Jumbo Chicago Multi-Family Property

    Large 3-flat with potential for a fourth unit.

    9017 S Exchange Ave, Chicago, IL 60617
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    Avondale Redevelopment Opportunity
    $599,000

    Avondale Redevelopment Opportunity

    Double lot in Avondale, Chicago, rezoned for up to 4 units.

    3417 N Kostner Ave, Chicago, IL 60641
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    Renovated 2-Unit Building in Chicago
    $541,000

    Renovated 2-Unit Building in Chicago

    Impeccably renovated 7-bedroom, 4-bathroom brick residence in Chicago.

    4447 W Van Buren St, Chicago, IL 60624
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    Bridgeport Multifamily Value-Add Opportunity
    $499,900
    0.06 Acres

    Bridgeport Multifamily Value-Add Opportunity

    Legal 3-unit building with non-conforming 4th unit in Chicago.

    2921 S Bonfield St, Chicago, IL 60608
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    South Shore Multi-Unit Building
    $190,000

    South Shore Multi-Unit Building

    Six-unit brick building in Chicago's South Shore neighborhood.

    7919 S Essex Ave, Chicago, IL 60617
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    Round Lake Development Opportunity
    $175,000
    0.30 Acres

    Round Lake Development Opportunity

    Three lots near Round Lake, ready for development.

    407 Greenwood Dr, Round Lake, IL 60073
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    Vacant Lots Near Douglas Park
    $65,000

    Vacant Lots Near Douglas Park

    Two adjacent vacant lots ideal for new construction in Chicago.

    1534 S Kedzie Ave, Chicago, IL 60623
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    Land For Sale, Chicago
    $50,000

    Land For Sale, Chicago

    Land available for purchase in Chicago, Illinois.

    401 N Wabash Ave, Chicago, IL 60611
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    Chicago Land For Sale
    $124,900
    0.08 Acres

    Chicago Land For Sale

    Commercial land available in Chicago, Illinois.

    58 E 43Rd St, Chicago, IL 60653
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    Double Lot in West Garfield
    $79,900

    Double Lot in West Garfield

    Oversized lot in a rapidly developing Chicago neighborhood.

    3914 W Huron St, Chicago, IL 60624
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    West Garfield Park Multiunit Building
    $200,000
    0.05 Acres

    West Garfield Park Multiunit Building

    Multiunit building in West Garfield Park near 290 expressway.

    3846 W Flournoy St, Chicago, IL 60624
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    Bridgeport Two-Flat Multifamily Property
    $560,000

    Bridgeport Two-Flat Multifamily Property

    Two flats in prime Bridgeport location near Chinatown.

    2925 S Shields Ave, Chicago, IL 60616
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    Albany Park Two-Unit Building
    $574,900

    Albany Park Two-Unit Building

    Two-unit building in Albany Park with recent updates.

    4612 N Avers Ave, Chicago, IL 60625
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    Established Auto Body Shop For Sale
    $975,000
    0.27 Acres

    Established Auto Body Shop For Sale

    Turnkey auto body shop with real estate in Chicago.

    4943 W Fullerton Ave, Chicago, IL 60639
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    Residential Lot in Essex, IL
    Contact for pricing
    0.72 Acres

    Residential Lot in Essex, IL

    0.72 acre residential lot with utilities nearby in Essex.

    217 N Parls St, Essex, IL 60935
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    Chicago Land for Development
    $99,500

    Chicago Land for Development

    Double lot zoned R4, suitable for development in Chicago.

    6403 S Rhodes Ave, Chicago, IL 60637
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    Chicago Land For Sale
    $865,000

    Chicago Land For Sale

    Land available in Chicago, Illinois.

    706 S Claremont Ave, Chicago, IL 60612
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    Rogers Park Multi-Unit Investment
    $824,900

    Rogers Park Multi-Unit Investment

    Legal 3-unit near Jarvis Red Line with modern amenities.

    7341 N Honore St, Chicago, IL 60626
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    Cicero Land Near Shops
    $39,000

    Cicero Land Near Shops

    Standard lot in Cicero near shops and transportation.

    5126 W 32Nd St, Cicero, IL 60804
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    Greystone 2-Flat Across Humboldt Park
    $609,900

    Greystone 2-Flat Across Humboldt Park

    Classic greystone 2-flat with potential across from Humboldt Park.

    3143 W Augusta Blvd, Chicago, IL 60622
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    Multi-Unit Investment Opportunity, Chicago
    $1,080,000
    0.07 Acres

    Multi-Unit Investment Opportunity, Chicago

    Well-maintained 7-unit property with income potential in a desirable location.

    2904 S Wells St, Chicago, IL 60616
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    Chicago Mixed-Use Elevator Building
    $3,500,000
    0.29 Acres

    Chicago Mixed-Use Elevator Building

    Upscale mixed-use property with apartments and commercial units in Chicago.

    718 W 47Th St, Chicago, IL 60609
    View details
    Live-Work Compound with Penthouse Residence
    $1,450,000
    10,000 SF

    Live-Work Compound with Penthouse Residence

    Unique live-work property featuring a penthouse, office, and warehouse.

    320 E Irving Park Rd, Wood Dale, IL 60191
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    Brighton Park Multifamily Property
    $650,000

    Brighton Park Multifamily Property

    Three-unit property in Chicago's Brighton Park neighborhood.

    2942 W Pershing Rd, Chicago, IL 60632
    View details
    Mixed-Use Property in High Traffic Area
    $845,000
    0.07 Acres

    Mixed-Use Property in High Traffic Area

    Mixed-use property with commercial storefront and residential units.

    3635 S Halsted St, Chicago, IL 60609
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    Mixed-Use Building with Spa
    $1,250,000
    0.24 Acres

    Mixed-Use Building with Spa

    Mixed-use property with residential and commercial spaces, plus unique spa.

    8855 S Roberts Rd, Hickory Hills, IL 60457
    View details
    Established Auto Repair Business For Sale
    $699,900
    0.16 Acres

    Established Auto Repair Business For Sale

    Turnkey auto repair business with real estate in Chicago's Little Village.

    2908 W Cermak Rd, Chicago, IL 60623
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    Schaumburg Commercial Property for Sale
    $1,200,000
    0.34 Acres

    Schaumburg Commercial Property for Sale

    Commercial property available in Schaumburg, Illinois.

    25 S Roselle Rd, Schaumburg, IL 60193
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    Parking Space For Sale
    Contact for pricing

    Parking Space For Sale

    Parking space available on the 9th floor.

    401 N Wabash Ave, Chicago, IL 60611
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    Bronzeville Corner Lot Opportunity
    $124,900

    Bronzeville Corner Lot Opportunity

    Commercial/residential development opportunity in historic Bronzeville neighborhood.

    58 E 43Rd St, Chicago, IL 60653
    View details
    Vacant Land For Sale
    $124,900

    Vacant Land For Sale

    Vacant land available for sale in Chicago, Illinois.

    58 East 43Rd St, Chicago, IL 60653
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    Land For Sale
    Contact for pricing

    Land For Sale

    Land available for purchase.

    401 N Wabash Ave, Chicago, IL 60611
    View details

    For Lease (2)

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    Chicago Retail Space For Rent
    Contact for pricing
    3,058 SF

    Chicago Retail Space For Rent

    Commercial space in Gold Coast/Streeterville, ideal for retail.

    15 E Pearson St, Chicago, IL 60611
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    Renovated Avondale Commercial Space Available
    $40 SF/Yr

    Renovated Avondale Commercial Space Available

    Prime commercial space in upcoming Avondale neighborhood near Logan Square.

    2909 N Milwaukee Ave, Chicago, IL 60618
    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
    Kale Realty
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