Add Listing
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

    1527 Walton St Chicago, IL 60642-5379

    • Residential income homes
    • 4,936 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1760833
    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 1527 Walton St

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    4,936 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    17-05-319-018
    APU
    1705319018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,181,000
      Market price range: $1.11M - $1.96M
      AI Estimate
      $584,000
      Market price range: $493k - $988k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,325,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,180,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.666
    Latitude
    41.8986
    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
    $20,477
    $19,200
    $80,358
    $99,558
    -
    $192,000
    $803,580
    $995,580

    Comparable in this City

    • Value Estimation by Request
      1,520 SF

      1429 Augusta Blvd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,520 SF
      1429 Augusta Blvd, Chicago, IL 60642-3980
      View Details
    • Value Estimation
      $585,000
      3,040 SF

      1541 Augusta Blvd

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,040 SF
      1541 Augusta Blvd, Chicago, IL 60642-7736
      View Details
    • Value Estimation
      $540,000
      2,436 SF

      1514 Augusta Blvd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,436 SF
      1514 Augusta Blvd, Chicago, IL 60642-5614
      View Details
    • Value Estimation
      $575,000
      2,700 SF

      1507 Erie St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,700 SF
      1507 Erie St, Chicago, IL 60642-6671
      View Details
    • Value Estimation
      $640,000
      3,300 SF

      1303 Erie St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,300 SF
      1303 Erie St, Chicago, IL 60642-5765
      View Details
    • Value Estimation
      $625,000
      3,087 SF

      1223 Erie St, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,087 SF
      1223 Erie St, Chicago, IL 60642-5715
      View Details

    Similar Nearby for Sale

    • $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
    • $1,995,000

      Chicago Multifamily Investment Property

      Fully stabilized 5-unit property in prime Chicago location.
      1426 W Walton St, Chicago, IL 60642
      View Details
    • $1,100,000

      Mixed-Use Property: Value-Add Opportunity

      Mixed-use property with retail and residential units in high-demand area.
      470 N Aberdeen St, Chicago, IL 60642
      View Details
    • $1,985,000
      0.07 Acres

      Renovated Multifamily Building in Chicago

      Fully renovated 6-unit building in Chicago's West Town neighborhood.
      1437 W Superior St, Chicago, IL 60642
      View Details
    • $4,699,000

      Renovated Mixed-Use Building For Sale

      Completely renovated 9-unit apartment and 2 commercial space building.
      3227 S Halsted St, Chicago, IL 60642
      View Details
    • $1,749,000

      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

    Similar Nearby for Lease

    • $28 SF/Yr

      Goose Island Loft Office Space

      Modern loft office in trendy Goose Island location for rent.
      1229 North Branch St, Chicago, IL 60642
      View Details
    • $22 SF/Yr
      13,108 SF

      Lincoln Park Office Space Available

      Modern Chicago office suites, flexible terms.
      939 North Ave, Chicago, IL 60642
      View Details
    • Contact for pricing
      2,377 SF

      Prime Retail Space, West Loop Chicago

      Restaurant & Retail Units Available, Grand Ave.
      500 Milwaukee Ave, Chicago, IL 60642
      View Details
    • $24 SF/Yr
      18,464 SF

      Elston Ave Executive Office Suites

      Chicago's North Branch: Class A Office Space
      1525 Elston Ave, Chicago, IL 60642
      View Details
    • Contact for pricing
      82,023 SF

      Lincoln Park Retail Opportunity

      Chicago Retail Space: 2,938 - 38,718 SF
      939 North Ave, Chicago, IL 60642
      View Details
    • Contact for pricing
      22,651 SF

      West Division Street Retail Portfolio

      Chicago Mixed-Use Retail Opportunity
      1017 Division 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.
    1527 Walton St
    Chicago, IL 60642-5379
    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.
    Sign Up Successful!
    You now have access to more from Realmo!