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    Listings

    For Sale (36)

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    Mixed-Use Corner Building in Chicago
    $265,900
    0.08 Acres

    Mixed-Use Corner Building in Chicago

    Mixed-use corner building with storefront and apartment in Chicago.

    4629 S Ashland Ave, Chicago, IL 60609
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    Harvey Multifamily Investment Opportunity
    $260,000

    Harvey Multifamily Investment Opportunity

    Four-unit building with potential to convert to six units.

    272 E 148Th St, Harvey, IL 60426
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    Jumbo Brick Two-Flat Building
    $569,900

    Jumbo Brick Two-Flat Building

    Two-flat built in 2006 with finished basement and quality finishes.

    5534 W 26Th St, Cicero, IL 60804
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    Rockford, IL Residential Income Property
    $190,000

    Rockford, IL Residential Income Property

    Residential income property for sale in Rockford, Illinois.

    1821 7Th St, Rockford, IL 61104
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    Mixed-Use Building in Chicago
    $275,900
    0.06 Acres

    Mixed-Use Building in Chicago

    Well-maintained mixed-use building with storefront and apartment in Chicago.

    4627 S Ashland Ave, Chicago, IL 60609
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    Ashland Avenue Investment Opportunity
    $127,500

    Ashland Avenue Investment Opportunity

    High-traffic location with potential for mixed-use development.

    6819 S Ashland Ave, Chicago, IL 60636
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    Land in Chicago Lawn Area
    Contact for pricing

    Land in Chicago Lawn Area

    Land available in the desirable Chicago Lawn area.

    6105 S Richmond St, Chicago, IL 60629
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    Mixed-Use Investment Opportunity, Chicago
    $675,000
    0.13 Acres

    Mixed-Use Investment Opportunity, Chicago

    Mixed-use property with 8 residential units and 1 storefront.

    4400-4402 S Honore Crst, Chicago, IL 60609
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    Chicago Three-Flat Residential Income Property
    $359,999

    Chicago Three-Flat Residential Income Property

    Three-unit building near schools, parks, and transportation.

    4446 S Wood St, Chicago, IL 60609
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    Lansing Commercial Property For Sale
    $355,000
    0.14 Acres

    Lansing Commercial Property For Sale

    Commercial property in Lansing, Illinois, suitable for a mechanic workshop.

    17809 Torrence Ave, Lansing, IL 60438
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    Chicago Land Opportunity
    Contact for pricing

    Chicago Land Opportunity

    Land available in Chicago near schools, parks, and transportation.

    6826 S Honore St, Chicago, IL 60636
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    Bridgeport Multi-Family Opportunity
    $545,000

    Bridgeport Multi-Family Opportunity

    Two buildings with updates in prime Chicago location.

    3841 S Lowe Ave, Chicago, IL 60609
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    Commercial Building with Equipment Included
    $499,500
    0.07 Acres

    Commercial Building with Equipment Included

    Commercial brick building with equipment, a turnkey operation for sale.

    1626 S Cicero Ave, Cicero, IL 60804
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    Riverside Income-Producing Three-Unit Building
    $789,900
    0.25 Acres

    Riverside Income-Producing Three-Unit Building

    Three-unit building in Riverside with oversized apartments and parking.

    484 Shenstone Rd, Riverside, IL 60546
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    Pilsen Gut-Renovated Three-Unit Property
    $1,199,000

    Pilsen Gut-Renovated Three-Unit Property

    Sophisticated investment opportunity near 18th Street corridor.

    1013 W 18Th Pl, Chicago, IL 60608
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    Mixed-Use Investment Opportunity, Chicago
    $675,000
    0.13 Acres

    Mixed-Use Investment Opportunity, Chicago

    Mixed-use property with 8 residential units and 1 storefront.

    4400-4402 S Honore Crst, Chicago, IL 60609
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    Melrose Park Multifamily Investment
    $355,000
    0.07 Acres

    Melrose Park Multifamily Investment

    Two-unit property with vacant lot and ample parking.

    1510 N 15Th Ave, Melrose Park, IL 60160
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    Rehabbed Greystone Two-Flat in Chicago
    $399,900
    0.06 Acres

    Rehabbed Greystone Two-Flat in Chicago

    Recently rehabbed two-flat in North Lawndale, move-in ready.

    1510 S Millard Ave, Chicago, IL 60623
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    Auburn Gresham Church and Parsonage
    $329,000
    9,500 SF

    Auburn Gresham Church and Parsonage

    Spacious church campus with parsonage in Auburn Gresham neighborhood.

    7800 S Loomis Blvd, Chicago, IL 60620
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    Chicago Two-Flat Investment Opportunity
    $149,000

    Chicago Two-Flat Investment Opportunity

    Two-unit property with basement, separate utilities, and new roof.

    4932 S Winchester Ave, Chicago, IL 60609
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    Residential Lot in Chicago
    Contact for pricing

    Residential Lot in Chicago

    Chicago lot near schools, parks, and public transportation.

    6824 S Honore St, Chicago, IL 60636
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    Prime Corner Commercial Opportunity
    $525,000
    3,000 SF

    Prime Corner Commercial Opportunity

    Commercial space in West Elsdon near transportation.

    5601-03 S Pulaski Rd, Chicago, IL 60629
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    Aurora Legal Two-Unit Building
    $344,500
    0.14 Acres

    Aurora Legal Two-Unit Building

    Well-maintained two-unit building with finished basement and ample parking.

    312 S Spencer St, Aurora, IL 60505
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    Residential Lot in Chicago
    Contact for pricing

    Residential Lot in Chicago

    Vacant residential lot ready for new construction or development.

    1507 W Marquette Rd, Chicago, IL 60636
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    Turn-Key Multifamily Investment Property
    $210,000

    Turn-Key Multifamily Investment Property

    Solid investment property in Chicago, cash flows from day one.

    8523 S Muskegon Ave, Chicago, IL 60617
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    McKinley Park 6-Unit Building
    $825,000

    McKinley Park 6-Unit Building

    Well-maintained 6-unit building in Chicago's McKinley Park area.

    3251-53 S Wood St, Chicago, IL 60608
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    Brighton Park Two-Unit Residence
    $184,900

    Brighton Park Two-Unit Residence

    Two-unit property in Brighton Park, move-in ready with updates needed.

    4250 S Artesian Ave, Chicago, IL 60632
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    Wadsworth Land with Water Views
    $129,000
    4.57 Acres

    Wadsworth Land with Water Views

    4.5-acre lot in Jonathon Knolls with water views.

    39600 Orchard Bluff Ln, Wadsworth, IL 60083
    View details
    Roseland Mixed-Use Turnkey Opportunity
    $390,000
    0.07 Acres

    Roseland Mixed-Use Turnkey Opportunity

    Renovated mixed-use property with commercial space and residential potential.

    11147 S Michigan Ave, Chicago, IL 60628
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    Brighton Park Commercial Strip Center
    $675,000

    Brighton Park Commercial Strip Center

    Well-maintained commercial strip center in high-traffic location, fully leased.

    4044-48 S Archer Ave, Chicago, IL 60632
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    Harvey Income Property With Garage
    $180,000

    Harvey Income Property With Garage

    Four-unit income property with a two-car garage and side lot.

    15736 Lathrop Ave, Harvey, IL 60426
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    Gage Park Investment Opportunity
    $199,900

    Gage Park Investment Opportunity

    Three-unit property in Gage Park with immediate rental income.

    5243 S Maplewood Ave, Chicago, IL 60632
    View details
    Mixed-Use Building with Extra Lot
    $375,000
    0.04 Acres

    Mixed-Use Building with Extra Lot

    Mixed-use building featuring storefront, apartment, and extra parking lot.

    2547 W 51St St, Chicago, IL 60632
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    High-Visibility Corner Commercial Property
    $475,000
    0.13 Acres

    High-Visibility Corner Commercial Property

    Prime Chicago location for automotive or retail business.

    5300 S Western Ave, Chicago, IL 60609
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    Chicago Brick 3-Flat Investment
    $720,000

    Chicago Brick 3-Flat Investment

    Well-maintained Chicago 3-flat with updated units and separate utilities.

    3651 S Wood St, Chicago, IL 60609
    View details
    Commercial Brick Building with Equipment
    $499,500
    3,000 SF

    Commercial Brick Building with Equipment

    Commercial brick building with woodwork equipment for sale.

    1626 S Cicero Ave, Cicero, IL 60804
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    For Lease (4)

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    Medical Office Space For Lease
    Contact for pricing

    Medical Office Space For Lease

    Medical office space near expressway and transportation. Utilities included.

    3929 N Central Ave, Chicago, IL 60634
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    Chicago Multifamily Property For Rent
    Contact for pricing
    47,999 SF

    Chicago Multifamily Property For Rent

    Multifamily property available for rent in Chicago, Illinois.

    816 W Cullerton St, Chicago, IL 60608
    View details
    Prime Location on 47th Street
    Contact for pricing

    Prime Location on 47th Street

    Commercial space with apartment in bustling Chicago location.

    1745 W 47Th St, Chicago, IL 60609
    View details
    High-Visibility Commercial Space Available
    Contact for pricing
    2,701 SF

    High-Visibility Commercial Space Available

    Street-level commercial unit on Pulaski Avenue in Chicago.

    6832 S Pulaski Rd, Chicago, IL 60629
    View details

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    RE/MAX MI CASA
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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
    RE/MAX MI CASA
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