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    2880 48Th Pl Chicago, IL 60632

    • Industrial properties
    • 0.35 lot acres
    For Sale
    View listing
    $800,000
    Value Estimation
    Last Sale
    Jan 05, 2022
    $450,000
    Location Intelligence
    Property ID
    US28-2239458
    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

    • Industrial properties

    Property Details for 2880 48Th Pl

    Year built
    1958
    Lot size
    0.35 lot acres
    Property type
    Industrial properties
    APN
    19-12-101-053
    APU
    1912101053

    Description

    This exceptional 15,345-acre industrial land parcel presents a significant investment opportunity in Chicago's vibrant commercial district. Located at 2880 W 48th Pl, Chicago, IL 60632 (Cook County, APN 19121010530000), this property boasts versatile M2-3 zoning, opening doors to a wide range of development possibilities. The expansive lot size offers unparalleled potential for large-scale industrial projects, warehousing, manufacturing, or other compatible uses. Its strategic location within a thriving commercial area ensures excellent access to transportation networks, infrastructure, and a skilled workforce. The asking price for this substantial land holding is $800,000. This represents a rare chance to acquire a significant asset in a prime location, poised for substantial future growth and return on investment. Don't miss this opportunity to secure a valuable piece of Chicago's industrial landscape. Contact us today to learn more and explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $435,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $450,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $455,000
      Mixed-Use
      $385,000
      Hospitality
      $450,000
      Educational
      $535,000
      Residential Income
      $510,000
      Energy
      $460,000
      Income-Based Land
      $440,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6968
    Latitude
    41.8058
    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
    $5,169
    $15,345
    $9,787
    $25,132
    -
    $61,380
    $39,148
    $100,528

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      3004 36th St, Chicago, IL 60632
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    • Value Estimation by Request
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      INDUSTRIAL (GENERAL) • 0.07 Acres
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      0.26 Acres

      4612 47th St

      INDUSTRIAL (GENERAL) • 0.26 Acres
      4612 47th St, Chicago, IL 60632-4848
      View Details
    • Value Estimation by Request
      0.07 Acres

      3526 47th St

      INDUSTRIAL (GENERAL) • 0.07 Acres
      3526 47th St, Chicago, IL 60632
      View Details

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    2880 48Th Pl
    Chicago, IL 60632
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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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