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

    14040 Lincoln Ave Dolton, IL 60419-1022

    • Residential income homes
    • 2,100 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2024
    $40,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2610188
    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 14040 Lincoln Ave

    Year built
    1888
    Construction
    FRAME
    Lot size
    0.29 lot acres
    Property size
    2,100 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    29-03-110-005
    APU
    2903110005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dolton
    County
    Cook
    State
    Illinois
    Longitude
    -87.6092
    Latitude
    41.6395
    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
    $6,628
    $4,781
    $6,453
    $11,234
    -
    $47,810
    $64,530
    $112,340

    Comparable in this City

    • Value Estimation
      $310,000
      3,532 SF

      15308 Martin Luther King Jr Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,532 SF
      15308 Martin Luther King Jr Dr, Dolton, IL 60419-2538
      View Details
    • Value Estimation
      $300,000
      4,950 SF

      785 142nd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,950 SF
      785 142nd St, Dolton, IL 60419-1055
      View Details
    • Value Estimation
      $265,000
      2,847 SF

      521 Washington St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,847 SF
      521 Washington St, Dolton, IL 60419-1032
      View Details
    • Value Estimation
      $285,000
      2,891 SF

      15120 Woodlawn Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,891 SF
      15120 Woodlawn Ave, Dolton, IL 60419-2817
      View Details
    • Value Estimation
      $255,000
      4,357 SF

      14726 Indiana Ave, Unit 1N

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,357 SF
      14726 Indiana Ave, Dolton, IL 60419-1663
      View Details
    • Value Estimation
      $280,000
      3,276 SF

      13800 Lincoln Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,276 SF
      13800 Lincoln Ave, Dolton, IL 60419-1018
      View Details

    Similar Nearby for Sale

    • $120,000

      Two Homes on One Lot

      Two detached single-family homes on one lot with income potential.
      631 E 142Nd St, Dolton, IL 60419
      View Details
    • $999,000
      0.52 Acres

      Dolton Car Wash on Sibley

      Newer car wash on Sibley Blvd near Metra station.
      340 W Sibley Blvd, Dolton, IL 60419
      View Details
    • $695,000
      9,500 SF

      Former Funeral Home with Apartment

      Turn-key funeral home with apartment and alternative use potential.
      15801 Cottage Grove Ave, Dolton, IL 60419
      View Details
    • $399,000
      5,500 SF

      Dolton Restaurant & Real Estate

      Established Restaurant, Turnkey Opportunity
      14201 Doctor M.l.k. Jr Dr, Dolton, IL 60419
      View Details
    • $50,000
      3,451 SF

      Prime Dolton Retail Opportunity

      Vacant Commercial Building, Huge Parking
      747 142Nd St, Dolton, IL 60419
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,350 SF

      Retail Space in Dolton, IL

      Retail space available in multi-tenant center on Sibley Boulevard.
      15101 Woodlawn Ave, Dolton, IL 60419
      View Details
    • $10 SF/Yr
      50,000 SF

      Dolton Plaza Retail Space

      High-Visibility Retail Space in Dolton, IL
      1024 Sibley Blvd, Dolton, IL 60419
      View Details
    • $10 SF/Yr
      51,000 SF

      Retail Space in Dolton

      Retail spaces available in neighborhood center with high traffic.
      1024-1048 Sibley Blvd, Dolton, IL 60419
      View Details
    • $22 SF/Yr
      40,892 SF

      Sibley Crossing Retail Spaces

      Dolton, IL Retail Center - High Traffic!
      1205 Sibley Blvd, Dolton, IL 60419
      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.
    14040 Lincoln Ave
    Dolton, IL 60419-1022
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.