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    Real People Realty

    9981 W 190th Street, Suite H, Mokena, IL 60448
    (708) 634-0103
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    Size: 10+ agents

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    • Residential Multi Family
    • Land
    • Commercial Sale
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    Listings

    For Sale (44)

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    Residential Land in Bartlett, IL
    $110,000

    Residential Land in Bartlett, IL

    Residential land available in Bartlett, Illinois.

    403 W Oneida Ave, Bartlett, IL 60103
    View details
    Vacant Lot in Chicago
    $45,000

    Vacant Lot in Chicago

    Vacant lot in an up and coming Chicago area.

    4110 W Van Buren St, Chicago, IL 60624
    View details
    Peoria Land Near River
    Contact for pricing
    0.21 Acres

    Peoria Land Near River

    0.2 acres of land near the river.

    512 E Paris Ave, Peoria, IL 61603
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    Chicago Commercial Property For Sale
    $175,000
    0.11 Acres

    Chicago Commercial Property For Sale

    Commercial property suitable for car wash, tire, or auto shop.

    8173 S Chicago Ave, Chicago, IL 60617
    View details
    Victorian Multifamily Residence in Chicago
    $849,999
    0.18 Acres

    Victorian Multifamily Residence in Chicago

    Sprawling 10-bedroom, 4-bathroom, 2-unit residence in Chicago's West Side.

    600 N Pine Ave, Chicago, IL 60644
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    Two-Unit Building with Income Potential
    $270,000

    Two-Unit Building with Income Potential

    Two-unit building in Chicago with potential for additional basement unit.

    10419 S State St, Chicago, IL 60628
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    Renovated Multifamily Property with Parking
    $775,000
    0.14 Acres

    Renovated Multifamily Property with Parking

    Six-unit Chicago property with modern renovations and parking.

    4900 W Hubbard St, Chicago, IL 60644
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    Two Chicago Lots for Sale
    $289,000

    Two Chicago Lots for Sale

    Two residential lots in Chicago offered as a package deal.

    2909 W 25Th St, Chicago, IL 60623
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    Chicago Restaurant Investment Opportunity
    $90,000
    1,200 SF

    Chicago Restaurant Investment Opportunity

    Profitable restaurant for sale in a high-traffic Chicago location.

    4755 S Ashland Ave, Chicago, IL 60609
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    Residential Income Property in Chicago
    $550,000
    0.25 Acres

    Residential Income Property in Chicago

    Residential income property available for sale in Chicago, Illinois.

    4209 W Cermak Rd, Chicago, IL 60623
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    Chicago Land Investment Opportunity
    $300,000
    0.25 Acres

    Chicago Land Investment Opportunity

    Land for sale in a sought-after Chicago location.

    218 N Kilbourn Ave, Chicago, IL 60624
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    Land For Sale, Chicago
    $95,000

    Land For Sale, Chicago

    Land available for sale in Chicago, Illinois.

    1918 S Christiana Ave, Chicago, IL 60623
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    Garfield Park Duplex For Sale
    $550,000

    Garfield Park Duplex For Sale

    Legal 2-unit property with finished basement in Chicago's Garfield Park.

    3912 W Congress Pkwy, Chicago, IL 60624
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    Chicago Heights Multi-Family Property
    $171,000

    Chicago Heights Multi-Family Property

    Multi-family property for sale in Chicago Heights, Illinois.

    1660 Aberdeen St, Chicago Heights, IL 60411
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    Versatile Commercial Space on Corner Lot
    $515,000
    6,000 SF

    Versatile Commercial Space on Corner Lot

    Adaptable commercial space with high visibility and accessibility.

    6363 W Lincoln Hwy, Matteson, IL 60443
    View details
    Classic Graystone Multifamily Investment Opportunity
    $1,200,000
    3,300 SF

    Classic Graystone Multifamily Investment Opportunity

    Turnkey 3-flat near Wicker Park with income potential.

    936 N Fairfield Ave, Chicago, IL 60622
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    Chicago Multifamily Rehab Opportunity
    $275,000

    Chicago Multifamily Rehab Opportunity

    Two-story multifamily property in Chicago, being sold as-is.

    4515 S Saint Lawrence Ave, Chicago, IL 60653
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    Chicago Commercial Space For Sale
    $865,000
    0.10 Acres

    Chicago Commercial Space For Sale

    Commercial space available in Chicago, Illinois.

    416 W Ontario St, Chicago, IL 60610
    View details
    Commercial Condo in Bronzeville Neighborhood
    $140,000
    0.58 Acres

    Commercial Condo in Bronzeville Neighborhood

    Commercial condo with B3 zoning in Chicago's Bronzeville neighborhood.

    3957 S King Dr, Chicago, IL 60653
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    Bronzeville Greystone Investment Opportunity
    $580,000
    5,200 SF

    Bronzeville Greystone Investment Opportunity

    Classic Greystone in historic Bronzeville, an income-producing property.

    4529 S Vincennes Ave, Chicago, IL 60653
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    Chicago Multifamily Gutted Property
    $289,000

    Chicago Multifamily Gutted Property

    Gutted multifamily property with architectural plans for two duplexes.

    2911 W 25Th St, Chicago, IL 60623
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    Multi-Family Residence
    $179,000

    Multi-Family Residence

    For sale multi-family property offering residential income opportunities in Cook County, Illinois.

    336 153Rd Pl, Calumet City, IL 60409
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    Prime Corner Lot Opportunity
    $350,000
    0.70 Acres

    Prime Corner Lot Opportunity

    Versatile commercial lot near Expo Center and Amphitheater.

    18301 Oak Park Ave, Tinley Park, IL 60477
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    Vacant Land in Chicago
    $30,000

    Vacant Land in Chicago

    Vacant land with easy access to transportation and expressway.

    9231 S Merrill Ave, Chicago, IL 60617
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    Chicago Two-Unit Building with Potential
    $214,900

    Chicago Two-Unit Building with Potential

    Two-unit building in Chicago, ideal for investment or owner-occupancy.

    8022 S Peoria Ave, Chicago, IL 60620
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    Completely Renovated Commercial Building
    $260,000
    0.07 Acres

    Completely Renovated Commercial Building

    Move-in ready commercial building with potential for additional income.

    2445 W 71St St, Chicago, IL 60629
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    Chicago Greystone Multifamily Property
    $300,000
    0.25 Acres

    Chicago Greystone Multifamily Property

    Multifamily greystone in North Lawndale, close to transportation.

    4014 W 21St St, Chicago, IL 60623
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    Vacant Lot Ready For Future
    Contact for pricing
    0.13 Acres

    Vacant Lot Ready For Future

    Vacant lot zoned R1 with utilities, close to I-57.

    1441 E Oak St, Kankakee, IL 60901
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    Chicago Multifamily Investment Opportunity
    $400,000
    0.25 Acres

    Chicago Multifamily Investment Opportunity

    Multifamily property in Chicago, sold as a package deal.

    2106 S Pulaski Rd, Chicago, IL 60623
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    Humboldt Park Multi-Unit Opportunity
    $699,999
    0.14 Acres

    Humboldt Park Multi-Unit Opportunity

    Legal 3-unit with lot, garage, and loft in Chicago.

    820 N Monticello Ave, Chicago, IL 60651
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    Fox Riverfront Land Opportunity
    $159,000
    0.68 Acres

    Fox Riverfront Land Opportunity

    0.68 acre lot with 225 feet of river frontage.

    123 W Benton St, Oswego, IL 60543
    View details
    Solid Brick Chicago Three-Flat
    $950,000

    Solid Brick Chicago Three-Flat

    Updated three-unit building in a desirable Chicago neighborhood.

    929 N Fairfield Ave, Chicago, IL 60622
    View details
    Gladstone Park Two-Unit Building
    $830,000

    Gladstone Park Two-Unit Building

    Well-maintained two-unit building in Chicago's desirable Gladstone Park neighborhood.

    5728 N Mcvicker Ave, Chicago, IL 60646
    View details
    Residential Land in Bartlett, IL
    $110,000

    Residential Land in Bartlett, IL

    Residential land available in Bartlett, Illinois.

    401 W Oneida Ave, Bartlett, IL 60103
    View details
    Land For Sale, Chicago
    $50,000

    Land For Sale, Chicago

    Land available for sale in Chicago, Illinois.

    1922 S Christiana Ave, Chicago, IL 60623
    View details
    Industrial Development Site in Glen Ellyn
    $2,500,000
    6.00 Acres

    Industrial Development Site in Glen Ellyn

    5.95-acre industrial development site in DuPage County.

    1N450 Highland Ave, Glen Ellyn, IL 60137
    View details
    Orland Park Acreage for Home
    $239,000
    2.72 Acres

    Orland Park Acreage for Home

    2.72 acres to build your dream home.

    14340 108Th Ave, Orland Park, IL 60467
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    Indoor Heated Garage Parking Space
    Contact for pricing

    Indoor Heated Garage Parking Space

    Heated parking space available for purchase in Chicago.

    210 S Desplaines St, Chicago, IL 60661
    View details
    Versatile Commercial Space on Corner
    $515,000
    6,000 SF

    Versatile Commercial Space on Corner

    Adaptable commercial space with high visibility and accessibility.

    6363 W Lincoln Hwy, Matteson, IL 60443
    View details
    Uptown Mixed-Use Building For Sale
    $1,200,000
    3,846 SF

    Uptown Mixed-Use Building For Sale

    Mixed-use building in Uptown with storefront and restaurant.

    4445-4447 N Broadway Ave, Chicago, IL 60640
    View details
    Kankakee Land For Sale
    Contact for pricing
    0.16 Acres

    Kankakee Land For Sale

    Spacious lot zoned C2, ideal for new business.

    455 N Indiana Ave, Kankakee, IL 60901
    View details
    Spacious Three-Unit Building in Chicago
    Contact for pricing

    Spacious Three-Unit Building in Chicago

    Three-unit building with income potential in Chicago's Flournoy Street.

    3623 W Flournoy St, Chicago, IL 60624
    View details
    Vacant Lot in Chicago
    $45,000

    Vacant Lot in Chicago

    Vacant lot in an up-and-coming Chicago neighborhood.

    4110 West Van Buren St, Chicago, IL 60624
    View details
    River North Mixed-Use Commercial Space
    Contact for pricing

    River North Mixed-Use Commercial Space

    Ground floor commercial space in a mixed-use building.

    416 W Ontario St, Chicago, IL 60610
    View details

    For Lease (5)

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    High-Visibility Commercial Space on Plainfield Road
    Contact for pricing

    High-Visibility Commercial Space on Plainfield Road

    Front-facing unit on Plainfield Road, ideal for diverse businesses.

    1405 Plainfield Rd, Joliet, IL 60435
    View details
    Updated Office Suite Near Hospital
    Contact for pricing

    Updated Office Suite Near Hospital

    Move-in ready office suite near Provena St. Joseph Medical Center.

    300 N Hammes Ave, Joliet, IL 60435
    View details
    Commercial Space in Chicago, IL
    Contact for pricing

    Commercial Space in Chicago, IL

    Commercial space available for rent in Chicago, Illinois.

    416 W Ontario St, Chicago, IL 60610
    View details
    Move-in Ready Office Suite
    Contact for pricing

    Move-in Ready Office Suite

    Updated office space near Provena St. Joseph Hospital.

    300 N Hammes Ave, Joliet, IL 60435
    View details
    High-Traffic Retail Space on Pulaski
    Contact for pricing

    High-Traffic Retail Space on Pulaski

    Versatile commercial space in a high-traffic Chicago location.

    4600-4612 S Pulaski Ave, Chicago, IL 60632
    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
    Real People Realty
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