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    Property profile & analytics

    5354 Sheridan Rd Chicago, IL 60640

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5354 Sheridan Rd

    Property type
    Land
    Property subtype
    High-rise multifamily apartments

    Description

    This exceptional 15,000-square-foot commercial development site presents a remarkable opportunity for investors. Located at the highly desirable corner of Sheridan and Balmoral in Chicago, Illinois (zip code 60640), this Cook County property boasts pre-approved plans and permits for a 50-unit multi-family development. Its prime location offers unparalleled convenience, situated within walking distance of Lake Michigan, public transportation, Mariano's grocery store, and the Saddle and Cycle Club. The site's address is 5354 N Sheridan Road. The asking price for this ready-to-build land is $3,900,000. This is a turnkey project, eliminating the time and expense associated with securing necessary approvals. The property's strategic location and existing development plans make it an ideal investment for experienced developers seeking a high-return project in a thriving Chicago neighborhood. Broker co-op is available.

    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
    -87.6551
    Latitude
    41.9798

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      825 Windsor Ave

      GARDEN APT, COURT APT (5+ UNITS) • 0.05 Acres
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    • Value Estimation by Request
      3,084 SF

      1466 Berwyn Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,084 SF
      1466 Berwyn Ave, Chicago, IL 60640-2108
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    • Value Estimation by Request
      4,113 SF

      1645 Balmoral Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,113 SF
      1645 Balmoral Ave, Chicago, IL 60640
      View Details
    • Value Estimation by Request
      2,618 SF

      1615 Balmoral Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,618 SF
      1615 Balmoral Ave, Chicago, IL 60640-1121
      View Details
    • Value Estimation by Request
      3,218 SF

      1419 Balmoral Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,218 SF
      1419 Balmoral Ave, Chicago, IL 60640-1201
      View Details
    • Value Estimation by Request
      3,666 SF

      1641 Balmoral Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,666 SF
      1641 Balmoral Ave, Chicago, IL 60640-0830
      View Details

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    5354 Sheridan Rd
    Chicago, IL 60640
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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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