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    5009-15 S Homan Ave Chicago, IL 60632

    For Sale
    $270,000

    Land - Chicago, IL

    Days on Market:
    114
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 5009-15 S Homan Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    19112040050000

    Building Details

    Architectural style
    Other

    Baird & Warner (708) 354-7355 [email protected]

    Listing agent Maryann Marovic (708) 491-4155 License #475161843

    Listing date Aug 16, 2025

    MLS# 12448332 Listing URL

    Copyright © 2025 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.

    Overview

    Commercial Land in Gage Park

    This vacant commercial lot is located in the Gage Park neighborhood of Chicago, Illinois. The property is fenced and zoned M1-2. It offers 12,450 square feet of space, with dimensions of 100 feet by 125 feet. The lot is conveniently located off of 51st Street, presenting a great investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7083573
    Latitude
    41.8022965

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    FAQs

    What type of property is this?
    Commercial land - Vacant commercial lot in Chicago's Gage Park neighborhood.
    Where is this commercial land located?
    The property is located at 5009-15 S Homan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: - Large 12,450 sq. ft. vacant commercial lot.; - Zoned M1-2.; - Fenced lot.
    (708) 491-4155
    Request Owner's contact information
    5009-15 S Homan Ave Chicago, IL 60632
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    Realmo Value Estimation

    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.

    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.

    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
    5009-15 S Homan Ave Chicago, IL 60632
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