Property profile

1501 Morrow Ave North Chicago, IL 60064

OFF-MARKET
Manufacturing properties
Property ID
US28-2071831
20,372 SF 0.6 ac lot Built 1900
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1900
Construction BRICK
Total area 20,372 SF
Lot 0.6 ac (26,045 SF)
APN 12-05-411-004
UPID US28-2071831

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

1501 Morrow Ave North Chicago, IL 60064-3221
North Chicago metro Census 863100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
$1.35M
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$1.05M

Owner & transaction history

since 2025
2 recorded transactions
2025
$117,000
2025
$2.4M

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.7M +9.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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