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Property profile & analytics

9034 Commercial Ave Chicago, IL 60617-4305

  • Residential income homes
  • 5,401 SF
  • 0.08 lot acres
OFF-MARKET
Value Estimations
$295,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-0506177
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Residential income homes

Property Details for 9034 Commercial Ave

Year built
1898
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.08 lot acres
Property size
5,401 SF
Property type
Residential income homes
Property subtype
Small apartment buildings
APN
26-06-223-025
APU
2606223025

Description

This well-maintained, three-story mixed-use building in Chicago's vibrant 60617 zip code presents a compelling investment opportunity. The property boasts a total of 5,401 square feet, including 4,500 square feet of net rentable space, currently housing seven units: a large storefront and six apartments. The storefront recently underwent a complete remodel, featuring a new bathroom and furnace. All six apartments are currently occupied with month-to-month leases, ensuring a steady income stream. The building's strong financial performance is reflected in its impressive Net Operating Income (NOI) of $43,261, and 100% occupancy. Built in 1898, this Class A property sits on a 0.08-acre lot and is zoned B 1-2. Its prime location offers convenient access to public transportation and numerous local businesses, making it an attractive option for both residents and businesses. The property's strong cash flow and potential for future appreciation make it an ideal addition to any investment portfolio. The Cook County Assessor's Parcel Number (APN) is 26-06-223-025. This is an owner-user investment opportunity.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $290,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $270,000
    Market price range: $270k - $649k
    AI Estimate
    $481,000
    Market price range: $482k - $817k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.5517
Latitude
41.7309
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,552
$3,475
$5,525
$9,000
-
$34,750
$55,250
$90,000
More about this property
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