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    12329 Racine Ave Calumet Park, IL 60827-5800

    • Residential income homes
    • 1,547 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $185,000
    Last Sale
    Dec 28, 2023
    $181,500
    Location Intelligence
    Property ID
    US28-2179949
    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

    • Residential income homes

    Property Details for 12329 Racine Ave

    Year built
    1925
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    1,547 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    25-29-400-019
    APU
    2529400019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $150,000
      6.5%
      $150,000
      7%
      $145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $160,000
      Geo Method
      $160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $150,000
      Retail
      $140,000
      Mixed-Use
      $145,000
      Hospitality
      $130,000
      Educational
      $150,000
      Residential Income
      $150,000
      Energy
      $125,000
      Income-Based Land
      $155,000
      Food Service
      $130,000

    Location Insight

    • Map
    • Local Demand
    City
    Calumet Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.651
    Latitude
    41.6692
    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
    $11,778
    $1,968
    $16,367
    $18,335
    -
    $19,680
    $163,670
    $183,350

    Comparable in this City

    • Value Estimation by Request
      3,354 SF

      12359 Racine Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,354 SF
      12359 Racine Ave, Calumet Park, IL 60827-5815
      View Details
    • Value Estimation by Request
      2,376 SF

      12621 Marshfield Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,376 SF
      12621 Marshfield Ave, Calumet Park, IL 60827-5941
      View Details
    • Value Estimation by Request
      2,371 SF

      13701 School St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,371 SF
      13701 School St, Riverdale, IL 60827-1618
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    • Value Estimation by Request
      3,966 SF

      13929 Atlantic Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,966 SF
      13929 Atlantic Ave, Riverdale, IL 60827-1935
      View Details
    • Value Estimation by Request
      3,115 SF

      13949 Dearborn St, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,115 SF
      13949 Dearborn St, Riverdale, IL 60827-2222
      View Details
    • Value Estimation by Request
      4,704 SF

      14214 16th S Indiana

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,704 SF
      14214 16th S Indiana, Riverdale, IL 60827
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $27 SF/Yr
      8,000 SF

      Calumet Park Retail Space Available

      8,000 SF retail space for rent in Calumet Park.
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      View Details
    • $3,900 /Mo

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      Newly developed land available for equipment or trailer storage.
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    • $20 SF/Yr
      1,180 SF

      Retail Space Near I-57

      Retail space in a densely populated business and shopping district.
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    • $10 SF/Yr
      86,310 SF

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      High-visibility retail space, Cook County, IL.
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    • Contact for pricing
      105,370 SF

      Rail-Served Land Site for Lease

      6-acre rail-served site for lease, build-to-suit opportunity.
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      View Details
    • $10 SF/Yr
      31,540 SF

      Raceway Park Shopping Center Opportunity

      Calumet Park Retail Space Available
      13053-13081 Ashland Ave, Calumet Park, IL 60827
      View Details
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    Calumet Park, IL 60827-5800
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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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