Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1350 Bosworth Ave Chicago, IL 60642-2394

    • Residential income homes
    • 3,406 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    Sep 22, 2020
    $600,000
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    7.2%
    Residential income homes
    Location Intelligence
    Property ID
    US28-2676258
    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 1350 Bosworth Ave

    Year built
    1890
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.08 lot acres
    Property size
    3,406 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    17-05-115-037
    APU
    1705115037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $790,000
      ML approach
      $800,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $945,000
      6.5%
      $875,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $681,000
      Market price range: $340k - $681k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,015,000
      Current use
      RETAIL STORES
      $915,000
      Change: -10% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $815,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6666
    Latitude
    41.9066
    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
    $28,131
    $19,872
    $120,315
    $140,187
    -
    $198,720
    $1,203,150
    $1,401,870

    Comparable in this City

    • Value Estimation
      $1,185,000
      7,450 SF

      760 Milwaukee Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,450 SF
      760 Milwaukee Ave, Chicago, IL 60642-5939
      View Details
    • Value Estimation
      $1,355,000
      8,512 SF

      1112 Milwaukee Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 8,512 SF
      1112 Milwaukee Ave, Chicago, IL 60642-4017
      View Details
    • Value Estimation
      $545,000
      3,042 SF

      1050 Milwaukee Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,042 SF
      1050 Milwaukee Ave, Chicago, IL 60642-4008
      View Details
    • Value Estimation by Request
      1,672 SF

      1519 Grand Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,672 SF
      1519 Grand Ave, Chicago, IL 60642-6335
      View Details
    • Value Estimation
      $735,000
      3,787 SF

      1249 Greenview Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,787 SF
      1249 Greenview Ave, Chicago, IL 60642-3347
      View Details
    • Value Estimation
      $595,000
      2,628 SF

      1358 Greenview Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,628 SF
      1358 Greenview Ave, Chicago, IL 60642-2608
      View Details

    Similar Nearby for Sale

    • $645,000

      Noble Square Condo with Upgrades

      Bright, updated 3 bed, 3 bath condo near Wicker Park.
      1346 W Augusta Blvd, Chicago, IL 60642
      View Details
    • $1,795,000

      Noble Square Multifamily Investment Property

      Turnkey seven-unit multifamily property in a coveted West Town location.
      1363 W Walton St, Chicago, IL 60642
      View Details
    • Contact for pricing
      11,451 SF

      Wicker Park Corner Location Retail

      Recently constructed apartments and national retail tenants in Chicago.
      1501 N Milwaukee Ave, Chicago, IL 60642
      View Details
    • $449,900

      River West Condo with Skyline Views

      Spacious 2-bedroom condo in River West with city views.
      680 N Green St, Chicago, IL 60642
      View Details
    • $1,300,000

      West Town 6-Unit Multifamily Building

      Six units in West Town with significant rental upside potential.
      1303 W Ohio St, Chicago, IL 60642
      View Details
    • Contact for pricing

      West Town Penthouse Duplex

      Spacious 3-bed penthouse with skyline views and attached garage.
      711 N Milwaukee Ave, Chicago, IL 60642
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr

      Retail Space in Luxury Building

      Ground floor retail space in a new luxury apartment building.
      691 N Milwaukee Ave, Chicago, IL 60642
      View Details
    • Contact for pricing

      Apartment in Noble Square, Chicago

      Two-bedroom apartment with in-unit laundry and shared backyard.
      1322 N Bosworth Ave, Chicago, IL 60642
      View Details
    • Contact for pricing

      River West Corner Residence Rental

      Modern 2-bedroom apartment with skyline views and full amenities.
      728 N Morgan St, Chicago, IL 60642
      View Details
    • $15 SF/Yr
      32,000 SF

      Elston Ave Office Suites

      Chicago Class A Office Space Available
      1690 Elston Ave, Chicago, IL 60642
      View Details
    • $17 SF/Yr
      65,000 SF

      Lincoln Yards Flex Space Available

      Chicago Flex/Office: 2,832 SF - $10.50/SF Taxes
      1444 Willow St, Chicago, IL 60642
      View Details
    • $25 SF/Yr
      7,370 SF

      West Loop Executive Office Suites

      Chicago Office Space: 1,840-3,120 SF Available
      1431 Hubbard St, Chicago, IL 60642
      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.
    1350 Bosworth Ave
    Chicago, IL 60642-2394
    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.