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    5151 N Harlem Ave Chicago, IL 60656

    For Sale
    $999,000

    Three-story office building in Big Oaks/Norwood Park with parking.

    Property size:
    12,596 SF
    Lot size:
    0.23 Acres

    Property Features for 5151 N Harlem Ave

    General Information

    Size
    12,596 SF
    Lot size
    0.23 Acres

    Source: Strauss Realty, Ltd. Agent MJ Weinberger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three-Story Office Building For Sale

    This three-story brick office building is located at the southeast corner of Harlem and Foster Avenues, situated between O’Hare International Airport and Downtown Chicago, in the Big Oaks/Norwood Park area. The property includes 20 parking spaces. A new roof was installed in 2017. The building is suitable for an owner/user or a value-add investment. The property offers the potential for an owner/user to occupy vacant space while collecting income from existing tenants. Alternatively, investors could update vacant spaces to increase rents. The building contains 12596 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Henry Sakowski Real Estate Agency Chicagoland Brokers Network Real Estate Agency Barbie Van Allen, ... Real Estate Agent JZ Realtor Broker Real Estate Agent Tirus Communications Consultant

    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
    -87.8062335
    Latitude
    41.9751591

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    FAQs

    What type of property is this?
    Office building - Three-story office building in Big Oaks/Norwood Park with parking.
    Where is this office building located?
    The property is located at 5151 N Harlem Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Ideal for Owner/User: Occupy vacant space and generate income from existing tenants.; - Value-Add Investment Potential: Update vacant spaces to increase rental income.; - Strategic Location: Conveniently situated between O’Hare International Airport and Downtown Chicago.
    (847) 334-2587
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    Chicago, IL 60656
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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
    5151 N Harlem Ave Chicago, IL 60656
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