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    Property profile & analytics

    5032 North Ave Chicago, IL 60639

    • Retail properties
    For Lease
    View listing
    $179 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 5032 North Ave

    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional 1,100 square foot ground floor commercial space is ideally situated at 5032 W North Avenue, Chicago, Illinois, in the desirable North Austin neighborhood. The property, a single-tenant building, offers a traditional office layout perfect for a variety of businesses. Located near the intersection of W North Avenue and LeClaire, this convenient location provides excellent accessibility. The space is zoned C2-1 under Cook County regulations. The monthly rent is $1,370. Included in the lease is hot water

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7524
    Latitude
    41.9097

    Comparable in this City

    • Value Estimation by Request
      16,000 SF

      5555 North Ave

      Individual retail properties • 16,000 SF
      5555 North Ave, Chicago, IL 60639
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    • Value Estimation by Request
      10,559 SF

      4300 North Ave

      Retail properties • 10,559 SF
      4300 North Ave, Chicago, IL 60639
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    • Value Estimation by Request
      0.32 Acres

      4045 Diversey Ave

      Individual retail properties • 0.32 Acres
      4045 Diversey Ave, Chicago, IL 60639
      View Details
    • Value Estimation by Request
      300,000 SF

      4628 Diversey Ave

      Retail properties • 300,000 SF
      4628 Diversey Ave, Chicago, IL 60639
      View Details
    • Value Estimation by Request

      5529 North Ave

      Individual retail properties
      5529 North Ave, Chicago, IL 60639
      View Details
    • Value Estimation by Request

      6056 North Ave

      Individual retail properties
      6056 North Ave, Chicago, IL 60639
      View Details

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    5032 North Ave
    Chicago, IL 60639
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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
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