Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    9940 Melvina Ave Oak Lawn, IL 60453

    For Sale
    $220,000

    Land - Oak Lawn, IL

    Days on Market:
    21
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 9940 Melvina Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24083040340000

    Building Details

    Architectural style
    Other

    RE/MAX MI CASA (773) 767-1616 [email protected]

    Listing agent Salvador Gonzalez (773) 767-1616 License #475122447

    Listing date Nov 24, 2025

    MLS# 12523309 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

    Land in Oak Lawn, IL

    Located in Oak Lawn, Illinois, this land is available for sale. The property is located at 9940 Melvina Avenue, Oak Lawn, IL 60453.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Enterprise Rent-A-Car, Tool & Truck Rental Center at The Home Depot, Penske Truck Rental, MC Trailer Rentals, Rent-A-Trailer

    Location Insight

    • Map
    • Local Demand
    City
    Oak Lawn
    County
    Cook
    State
    Illinois
    Longitude
    -87.7750068
    Latitude
    41.7111476

    Nearby Similar for Sale

    • New
      $660,000

      Residential Income Property in Justice, IL

      Two-unit building with garden in-law suite in Justice, Illinois.
      7549 Banks St, Justice, IL 60458
      View Details
    • $1,200,000
      7,400 SF

      Bridgeview Mixed-Use Building For Sale

      Well-maintained mixed-use building with commercial and residential units.
      7654 S Harlem Ave, Bridgeview, IL 60455
      View Details
    • $550,000
      0.09 Acres

      Oak Lawn Mid-Century Modern Residence

      Two-unit residence with modern updates, investment potential, and prime location.
      9317 S Kolmar Ave, Oak Lawn, IL 60453
      View Details
    • $419,900
      0.31 Acres

      Ranch Duplex: Endless Possibilities

      Rare ranch duplex with income potential in Justice, Illinois.
      7203 S 86Th Ave, Justice, IL 60458
      View Details
    • $330,000
      Pending

      Burbank Commercial Property on 79th Street

      Single-story brick building with potential for two units and ample parking.
      6216 W 79Th St, Burbank, IL 60459
      View Details
    • $2,800,000
      16,400 SF

      Established Banquet Venue For Sale

      Successful wedding and banquet venue in Burbank, Illinois for sale.
      8200 S Cicero Ave, Burbank, IL 60459
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Land available for sale in Oak Lawn, Illinois.
    Where is this parking lot & garage located?
    The property is located at 9940 Melvina Ave Oak Lawn, IL.
    What is the asking price?
    The asking price for this property is $220,000.
    (773) 767-1616
    Request Owner's contact information
    9940 Melvina Ave Oak Lawn, IL 60453
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9940 Melvina Ave
    Oak Lawn, IL 60453
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    9940 Melvina Ave Oak Lawn, IL 60453
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.