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Property profile & analytics

6155 Harlem Ave Chicago, IL 60638

  • Industrial properties
  • 76,000 SF
  • 4.00 lot acres
For Lease
Last Sale
Aug 03, 2023
$5,600,000
Value Estimations
$5,355,000
Cap Rate Potential
9.2%
Industrial properties
Location Intelligence
Property ID
US28-1802185
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 6155 Harlem Ave

Year built
1969
Lot size
4.00 lot acres
Property size
76,000 SF
Property type
Industrial properties
APN
19-18-310-030
APU
1918310030

Description

This exceptional 82,855-square-foot commercial property, located at 6155 S. Harlem Avenue in Chicago, Illinois, presents a unique investment opportunity. Situated on a 4.36-acre lot in Cook County, this single-tenant building boasts a Class B designation and offers versatile space ideal for retail, office, or manufacturing/distribution uses. The property features a substantial 24-foot ceiling height, ample parking with 46 spaces, and robust power capabilities of 6,300 amps at 480 volts. Exterior improvements include 12 exterior docks, four drive-in doors, fenced outside storage, and 22 trailer stalls with expansion potential. Recent institutional-quality renovations include a complete office overhaul, resurfaced parking areas, fresh interior and exterior paint, a new roof, and upgraded dock systems. The property's strategic location, just one mile south of the I-55 and Harlem Avenue interchange, ensures excellent accessibility and visibility. Zoned M1-2, this property is ready for immediate occupancy. The entire 82,855 square feet is currently vacant.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $5,185,000
    ML approach
    $5,215,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $7,945,000
    6.5%
    $7,330,000
    7%
    $6,810,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $7,475,000
    Market price range: $3.08M - $7.48M
    AI Estimate
    $3,628,000
    Market price range: $1.29M - $3.63M

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


Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7997
Latitude
41.7797
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
$188,129
$174,196
$740,461
$914,657
-
$696,784
$2,961,844
$3,658,628
More about this property
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