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    Property profile & analytics

    4437 Rice St Chicago, IL 60651

    • Industrial properties
    • 24,700 SF
    • 0.07 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-1824204
    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 4437 Rice St

    Year built
    1947
    Lot size
    0.07 lot acres
    Property size
    24,700 SF
    Property type
    Industrial properties
    APN
    16-03-321-009
    APU
    1603321009

    Description

    This exceptional free-standing industrial warehouse, located at 4437 W Rice St in Chicago, IL 60651, presents a compelling owner-user opportunity. Spanning 21,978 square feet across two stories, this building offers significant versatility. Built in 1920 and renovated in 2009, it features 14-foot ceilings and two loading docks. The property sits on a 15,425 square foot lot and is zoned PMD-9. Its strategic location within Chicago's Northwest Industrial Corridor provides easy access to major transportation arteries, including I-90 and I-290. The asking price is $1,150,000 ($52.33/sq ft). This property benefits from its location in both an Opportunity Zone and an Enterprise Zone, offering potential tax advantages. Public transportation is readily available via the Chicago Ave. Bus Route. The building is also available for lease, offering flexibility for potential buyers. Heavy power is available on-site. The property's APN is 16-03-321-005 through 16-03-321-009. This functional manufacturing facility is ideal for a variety of industrial uses. Its prime location and adaptable space make it a highly attractive investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $430,000
      6.5%
      $400,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $460,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $400,000
      Mixed-Use
      $420,000
      Hospitality
      $425,000
      Educational
      $470,000
      Residential Income
      $380,000
      Energy
      $425,000
      Income-Based Land
      $465,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7374
    Latitude
    41.8959
    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
    $3,155
    $4,820
    $10,521
    $15,341
    -
    $19,280
    $42,084
    $61,364

    Comparable in this City

    • Value Estimation by Request

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      1451 Pulaski Rd

      INDUSTRIAL (GENERAL) • 0.07 Acres
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    • Value Estimation by Request
      0.07 Acres

      4738 Rice St

      INDUSTRIAL (GENERAL) • 0.07 Acres
      4738 Rice St, Chicago, IL 60651-3329
      View Details

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    Chicago, IL 60651
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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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