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    3110 Birch Ln River Grove, IL 60171

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    For Lease
    $5,000 /Mo

    New construction townhome with luxury amenities and convenient location.

    Property Features for 3110 Birch Ln

    General Information

    Exterior features
    exterior_features, : ["Deck", "Asphalt"]
    Interior features
    Interior Feature 1, : "Natural Gas", "Interior Feature 2": "Central Air", "Interior Feature 3": "Range", "Interior Feature 4": "Microwave", "Interior Feature 5": "Dishwasher", "Interior Feature 6": "Refrigerator", "Interior Feature 7": "High End Refrigerator", "Interior Feature 8": "Washer", "Interior Feature 9": "Dryer", "Interior Feature 10": "Disposal", "Interior Feature 11": "Stainless Steel Appliance(s)"

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    Stephanie Mack
    Source: Kw

    Listing Agency: Avenue 1 Realty Group Listing Agent: Stephanie Mack

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

    Learn more

    Overview

    Luxury Townhome in Gated Community

    This new construction, privately gated community features luxury townhomes with three and four bedrooms and three and a half bathrooms. Developed by award-winning Noah Properties, these homes offer light-filled rooms across three levels of living. The floor plans include 9-foot high ceilings, large windows with custom treatments, and a private balcony. The kitchen features quartz-covered custom cabinetry, a large entertainer's island, stainless steel appliances, and a walk-in pantry. The main living area provides ample space for dining and includes a large living room with a three-sided custom build-out fireplace. The en-suite bedrooms are expansive, featuring walk-in closets and spa-level bathrooms with dual sink vanities, glass-partitioned rain shower faucets, and separate freestanding soaking tubs. Bedroom-level laundry adds convenience, and the attached two-car garage includes a closed storage closet. This pet-friendly community offers exclusive amenity access to a health and fitness center with a sauna, a cabana-lined swimming pool, an outdoor grilling and dining entertainment patio, a pet groom room, a private pond with walking trails, and EV charging stations. Ideally located near O'Hare International Airport, the Epic Rosemont Restaurants, Shopping & Entertainment District, and the River Grove Metra, residents have convenient access to downtown Chicago and the suburbs.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    River Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.8385
    Latitude
    41.925

    Nearby Similar for Lease

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      1,150 SF

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    • Contact for pricing
      7,600 SF

      River Grove Redevelopment Opportunity

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    FAQs

    What type of property is this?
    Specialty property - New construction townhome with luxury amenities and convenient location.
    Where is this specialty property located?
    The property is located at 3110 Birch Ln River Grove, IL.
    What are key features of this property?
    This property features: - New construction, luxury townhome in a private, gated community.; - Exclusive access to amenities including a health & fitness center with sauna, cabana-lined swimming pool, outdoor grilling & dining patio, pet groom room, private pond with walking trails, and EV charging stations.; - **High-end kitchen with quartz countertops, custom cabinetry, large island, stainless steel appliances, and walk-in pantry.**
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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
    3110 Birch Ln River Grove, IL 60171
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    We can help!
    Listing Contact
    Stephanie Mack
    Learn more
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