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    Property profile & analytics

    124 Park Ave, Unit 6 Elmhurst, IL 60126-3305

    • Investment properties
    • 7,886 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $430,000
    Location Intelligence
    Property ID
    US28-2450905
    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

    • Brewpoint Coffee - Founder's Cafe / Coffee Shop
    • Vagabond School West / School / Arts Organization
    • PrintWithMe Print Kiosk at Brewpoint / Print Shop
    • Waffle Iron / Fast Food Restaurant
    • Blossoms and Branches / Florist

    Property Details for 124 Park Ave

    Year built
    1908
    Lot size
    0.16 lot acres
    Property size
    7,886 SF
    Zone code
    C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    06-02-231-005
    APU
    602231005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $475,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $510,000
      Geo Method
      $430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $520,000
      Retail
      $415,000
      Mixed-Use
      $440,000
      Hospitality
      $555,000
      Educational
      $450,000
      Residential Income
      $585,000
      Energy
      $545,000
      Income-Based Land
      $480,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9413
    Latitude
    41.8992
    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
    2023
    $24,364
    $84,130
    $230,700
    $314,830
    -
    $252,390
    $692,100
    $944,490

    Comparable in this City

    • Value Estimation
      $330,000
      3,500 SF

      527 York St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,500 SF
      527 York St, Elmhurst, IL 60126-3951
      View Details
    • Value Estimation
      $2,400,000
      13,122 SF

      127 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 13,122 SF
      127 1st St, Elmhurst, IL 60126-2833
      View Details
    • Value Estimation
      $1,550,000
      53,124 SF

      111 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 53,124 SF
      111 3rd St, Elmhurst, IL 60126-2798
      View Details
    • Value Estimation
      $435,000
      14,076 SF

      125 Addison Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 14,076 SF
      125 Addison Ave, Elmhurst, IL 60126-2844
      View Details
    • Value Estimation
      $385,000
      6,196 SF

      172 Addison Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,196 SF
      172 Addison Ave, Elmhurst, IL 60126-2773
      View Details
    • Value Estimation
      $760,000
      18,200 SF

      Spg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 18,200 SF
      Spg Rd, Elmhurst, IL 60126
      View Details

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    Elmhurst, IL 60126-3305
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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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