Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Northwest side Dekalb, IL

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Northwest side Dekalb, IL

    View on Map
    • Residential income homes
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for Northwest side

    Property type
    Residential income homes
    Property subtype
    Residential income properties

    Description

    The DeKalb Portfolio located on the Northwest side of town is 1.5 hours West of Chicago. The assets were built from 1995 to 2005. The properties offer the potential buyer the ability to implement a revenue enhancing value-add program on the classic unit interiors. Additionally, the potential buyer may consider targeting DHAP voucher tenants as permitted rental rates are nearly 55% higher than market rate based on demand. Residents enjoy easy access to dense education, entertainment, and retail corridors offering a plethora of grocers, shops, dining, and employment drivers. 901 Regent Drive 885 Regent Drive 915 Spiros Court 858 Spiros Court

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dekalb
    County
    State
    Illinois
    Longitude
    -88.7502
    Latitude
    41.9299

    Comparable in this City

    • Value Estimation
      $535,000
      3,537 SF

      Claremont, IL

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,537 SF
      514, Claremont, IL
      View Details
    • Value Estimation
      $625,000
      4,779 SF

      9128 Bennett Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,779 SF
      9128 Bennett Ave, Skokie, IL
      View Details
    • Value Estimation by Request
      2,730 SF

      5509 Latrobe Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,730 SF
      5509 Latrobe Ave, Chicago, IL
      View Details
    • Value Estimation
      $35,010,000
      13.95 Acres

      Quentin, IL

      APARTMENT HOUSE (5+ UNITS) • 13.95 Acres
      3000, Quentin, IL
      View Details
    • Value Estimation by Request
      3.24 Acres

      1234 Main St

      Investment properties • 3.24 Acres
      1234 Main St, Swansea, IL
      View Details
    • Value Estimation by Request
      26.80 Acres

      1109-1111 Sunset Dr

      Mixed-use properties • 4,839 SF
      1109-1111 Sunset Dr, East Peoria, IL null
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,875 SF

      Mundelein Mixed-Use Investment Opportunity

      Fully equipped restaurant, convenience store, and residential units for sale.
      1116 Diamond Lake Rd, Mundelein, IL
      View Details
    • $989,000
      4,400 SF

      Edison Park Mixed-Use Property

      Mixed-use property in prime location with retail and residential units.
      6780 N Nwhwy, Chicago, IL
      View Details
    • Contact for pricing

      Rental Sites on 16 Acres

      129 total rental sites with value-add potential.
      1350 S Brookside Ave, Centralia, IL
      View Details
    • Contact for pricing

      Multifamily Portfolio in South Side

      Portfolio of 17 multifamily properties with 181 units.
      Chicago, IL
      View Details
    • Contact for pricing

      Development Lot on Frank Scott

      0.93 acre development lot with utilities and high traffic.
      1213 Thouvenot Ln, O Fallon, IL
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Nursing Home Facility

      Two-wing, 13,000+ SF former nursing home on 2.96 acres.
      2500 E St Louis St, W Frankfort, IL
      View Details
    • $2,192 /Mo
      2,104 SF

      Retail/Showroom/Warehouse Space Available

      2,080 SF retail/showroom/warehouse space for lease.
      9114 Virginia Rd, Lake in the Hills, IL
      View Details
    • $22 SF/Yr
      12,928 SF

      Office Space Near O'Hare Airport

      Premier office complex near O'Hare Airport and CTA Blue Line.
      9550 W Higgins Rd, Rosemont, IL
      View Details
    • $16 SF/Yr
      13,547 SF

      Westchester Office Space For Rent

      Office space in Westbrook Corporate Center, Westchester, Illinois.
      1 Westbrook Corporate Ctr, Westchester, IL
      View Details
    • Contact for pricing
      1,847 SF

      Corner Industrial Space For Rent

      Industrial space with frontage on Algonquin & Golf Roads.
      703 W Algonquin Rd, Arlington Heights, IL
      View Details
    • Contact for pricing
      4,732 SF

      Renovated Office Suite with Views

      Turnkey 4,723 SF office suite with abundant natural light.
      16 Executive Dr, Fairview Heights, IL
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Northwest side
    Dekalb, IL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    Northwest side, Dekalb, IL

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!