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    3837 W 95Th St Evergreen Park, IL 60805

    View on Map
    Sponsored
    For Sale
    $535,000

    COMMERCIAL - Evergreen Park, IL

    Property size:
    1,575 SF
    Lot size:
    0.07 Acres
    Days on Market:
    116
    Last Refresh:
    Mar 22 at 5:06 am

    Property Features for 3837 W 95Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    24111020080000
    Size
    1,575 SF
    Lot size
    0.07 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick, Concrete
    Roof type
    Rubber

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    Listing Contact
    Robert Medinger
    Robert Medinger

    Keller Williams Preferred Realty

    Listing agent Robert Medinger

    Listing date Nov 26, 2025

    MLS# 12518434

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Evergreen Park Mixed-Use Building

    This meticulously maintained two-unit mixed-use commercial building is located in a high-traffic area of Evergreen Park. The lower level features an approximately 1,575 square foot freshly painted storefront, suitable for a beauty salon/barber shop, retail store, restaurant, gaming cafe/wine or coffee bar, or office space. The first floor includes one bathroom, a large storage/staging room behind the main showroom, a window display area visible from the street, nine-foot ceilings, and tile floors. The upstairs unit is a remodeled, approximately 1425 square foot ADA-compliant 3-bedroom, 1-bathroom apartment with in-unit laundry, large bedroom closets, a large kitchen with new cabinets and granite countertops, a large island, a living room, a dining room, and a bathroom. Off the kitchen is an outdoor deck. The building is of solid Flexcore construction and features separate metered utilities for each unit, a chairlift from the lower level to the apartment, and newer windows (3 years old) in the apartment. There are five exterior parking spaces in the rear of the building and street parking in front. A new $70,000 roof replacement is planned for 2025. The property is located on a lot of approximately 0.0717 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7180805
    Latitude
    41.7202885

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    FAQs

    What type of property is this?
    Mixed-use property - Two-unit commercial building with storefront and remodeled apartment.
    Where is this mixed-use property located?
    The property is located at 3837 W 95Th St Evergreen Park, IL.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: - Prime high-traffic location in desirable Evergreen Park suitable for a variety of commercial uses.; - Includes a remodeled, ADA-compliant 3BR/1BA apartment unit upstairs, offering the option to live/work or generate rental income.; - Large, freshly painted 'vanilla box' storefront ready for customization on the lower level.
    (773) 543-8502
    Request Owner's contact information
    3837 W 95Th St Evergreen Park, IL 60805
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    Evergreen Park, IL 60805
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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
    3837 W 95Th St Evergreen Park, IL 60805
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    We can help!
    Listing Contact
    Robert Medinger
    Robert Medinger
    Real Estate License ID: 475173007
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