Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    11706 Lafayette Ave Chicago, IL 60628-5537
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11706 Lafayette Ave Chicago, IL 60628-5537

    View on Map
    • Commercial real estate
    • 1.32 lot acres
    Off-Market
    Property ID
    US28-1692441
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 11706 Lafayette Ave

    Lot size
    1.32 lot acres
    Property type
    Commercial real estate
    APN
    25-21-420-029
    APU
    2521420029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6244
    Latitude
    41.6808
    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
    $29,107
    $129,006
    $12,089
    $141,095
    -
    $516,024
    $48,356
    $564,380

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      11630 Frnt Ave

      COMMERCIAL (GENERAL) • 0.07 Acres
      11630 Frnt Ave, Chicago, IL 60628-5663
      View Details
    • Value Estimation by Request
      0.02 Acres

      72 103rd St

      COMMERCIAL (GENERAL) • 0.02 Acres
      72 103rd St, Chicago, IL 60628
      View Details
    • Value Estimation by Request
      0.07 Acres

      11601 Perry Ave

      COMMERCIAL (GENERAL) • 0.07 Acres
      11601 Perry Ave, Chicago, IL 60628
      View Details
    • Value Estimation by Request
      0.06 Acres

      12044 Un Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      12044 Un Ave, Chicago, IL 60628
      View Details
    • Value Estimation by Request
      0.67 Acres

      158 124th Pl

      COMMERCIAL (GENERAL) • 0.67 Acres
      158 124th Pl, Chicago, IL 60628-7520
      View Details
    • Value Estimation by Request
      0.07 Acres

      58 119th St

      COMMERCIAL (GENERAL) • 0.07 Acres
      58 119th St, Chicago, IL 60628
      View Details

    Similar Nearby for Sale

    • $235,000
      10,200 SF

      Retail Building on Michigan Avenue

      10,200 SF retail building in a busy shopping district.
      11109 S Michigan Ave, Chicago, IL 60628
      View Details
    • Contact for pricing

      Multiunit Building on Double Lot

      Multiunit building on a double lot, perfect for rental income.
      10540 S Lafayette Ave, Chicago, IL 60628
      View Details
    • Contact for pricing
      24,400 SF

      Industrial Facility Near I-94

      24,400 SF industrial facility with easy expressway access.
      12000 S Doty Ave, Chicago, IL 60628
      View Details
    • $95,000
      3,528.00 Acres

      Chicago Mixed-Use Property For Sale

      Mixed-use property available for purchase in Chicago, Illinois.
      350 E 115Th St, Chicago, IL 60628
      View Details
    • Contact for pricing
      Pending

      Chicago Land Development Opportunity

      Residential development opportunity near Palmer Park with convenient transportation access.
      140 E 118Th St, Chicago, IL 60628
      View Details
    • Contact for pricing
      0.07 Acres

      West Roseland Development Opportunity

      25x125 RS-3 zoned lot in rapidly developing West Roseland.
      34 W 108Th Pl, Chicago, IL 60628
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      96,276 SF

      Industrial Space Near I-94

      96,276 SF industrial space minutes from I-94.
      2924 E 126Th St, Chicago, IL 60628
      View Details
    • Contact for pricing
      5,667 SF

      Retail Space at Oakley & 95th

      5,667 SF retail space available near Western Avenue.
      2255 W 95Th St, Chicago, IL 60628
      View Details
    • Contact for pricing

      Modern Commercial Facility in Chicago

      Two-level commercial space ideal for childcare, medical, retail, education.
      10526 S Halsted St, Chicago, IL 60628
      View Details
    • Contact for pricing
      17,150 SF

      Land Available For Pad Development

      Pad site development opportunity with highway signage and high traffic.
      11336 S Doty Ave, Chicago, IL 60628
      View Details
    • $27 SF/Yr
      2,250 SF

      Restaurant with Drive-Thru Available

      Second-generation restaurant with drive-thru, ready for new concept.
      224 E 103Rd St, Chicago, IL 60628
      View Details
    • Contact for pricing

      Roseland Retail/Medical Space Available

      8,406 SF inline space in high-traffic Chicago location.
      66 E 103Rd St, Chicago, IL 60628
      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.
    11706 Lafayette Ave
    Chicago, IL 60628-5537
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!