Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    153 E. 110th St Chicago, IL 60628
    Back to Search
    Property profile & analytics

    153 E. 110th St Chicago, IL 60628

    View on Map
    • Residential income homes
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 153 E. 110th St

    Year built
    1959
    Property type
    Residential income homes
    Property subtype
    Residential income properties

    Description

    This exceptional five-unit walk-up building, located at 153 E. 110th St in Chicago's historic Pullman neighborhood, presents a compelling investment opportunity. Situated on a quiet, tree-lined street, the property enjoys a prime location across from the prestigious Gwendolyn Brooks College Preparatory campus and just one block north of Palmer Park, offering residents access to sporting facilities, a fitness center, and an outdoor swimming pool. The building comprises four one-bedroom, one-bathroom units and one two-bedroom, one-bathroom garden apartment. Each unit boasts luxury vinyl plank flooring, spacious floor plans with oversized living rooms, and electric baseboard heating. Significant recent improvements include new copper plumbing, updated electrical systems, and extensive masonry and tuckpointing work. The property also features five potential income-producing parking spaces, adding to its overall value. The building currently boasts a 9.68% cap rate, with potential to exceed 10.5% through market rate adjustments, yielding a projected cash return of 19.79%. Individual and separate utilities for each unit provide efficient management and cost control. This property offers a strong, positive cash-flowing asset with significant upside potential for the discerning investor. The building size is 4,006 square feet, situated on a 0.09 acre lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    State
    Illinois

    Comparable in this City

    • $150,000
      6,424 SF

      Chicago Pullman Mixed-Use Investment

      9-unit building, high value-add potential
      235 E. 115th St, Chicago, IL 60628
      View Details
    • $129,000
      4,000 SF

      Mixed-Use Building in Roseland/Pullman Area

      Mixed-use building with commercial space and residential unit in Chicago.
      11131 S Michigan Ave, Chicago, IL 60628
      View Details
    • Contact for pricing

      Chicago Multi-Unit Building For Sale

      Well-maintained multi-unit building with recent updates, ideal for investors.
      11735 S Indiana Ave, Chicago, IL 60628
      View Details
    • $159,900
      Pending

      Mixed-Use Investment Opportunity in Chicago

      Mixed-use property with storefronts and apartments in Chicago, Illinois.
      10659 S Wentworth Ave, Chicago, IL 60628
      View Details
    • $375,000
      0.06 Acres

      Turnkey Mixed-Use Property in Chicago

      Two-story building with commercial space and two apartment units.
      250 E 115Th St, Chicago, IL 60628
      View Details
    • Contact for pricing
      2,208 SF

      Chicago Multi-Family Property For Sale

      Two-unit property with six bedrooms in Chicago's 60628 ZIP code.
      301 W 118Th St, Chicago, IL 60628
      View Details

    Similar Nearby for Sale

    • $150,000
      6,424 SF

      Chicago Pullman Mixed-Use Investment

      9-unit building, high value-add potential
      235 E. 115th St, Chicago, IL 60628
      View Details
    • $129,000
      4,000 SF

      Mixed-Use Building in Roseland/Pullman Area

      Mixed-use building with commercial space and residential unit in Chicago.
      11131 S Michigan Ave, Chicago, IL 60628
      View Details
    • Contact for pricing

      Multiunit Building on Double Lot

      Multiunit building on a double lot, perfect for rental income.
      10540 S Lafayette Ave, Chicago, IL 60628
      View Details
    • Contact for pricing
      0.08 Acres

      Two-Flat Style Single Family Home

      Two-flat style single family home in Chicago, featuring three bedrooms.
      11825 S State St, Chicago, IL 60628
      View Details
    • $170,000
      0.07 Acres

      Renovated Chicago Multi-Family Investment

      Two-unit building with recent renovations and investment potential.
      319 E 119Th St, Chicago, IL 60628
      View Details
    • New
      $304,900
      2,000 SF

      Renovated Pullman Historical Park Rowhouse

      Rare, renovated 2-flat in Pullman National Historical Park.
      11412 S Saint Lawrence Ave, Chicago, IL 60628
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,600 SF

      Retail Space in Chicago, IL

      Retail space with high visibility and ample parking available for rent.
      519 E 103Rd St, Chicago, IL 60628
      View Details
    • Contact for pricing
      3,200 SF

      I-94 Pad Site Development

      Pad site development with highway signage and high traffic volume.
      11331 S Corliss Ave, Chicago, IL 60628
      View Details
    • Contact for pricing

      Retail Space Near I-57

      Retail space conveniently located near I-57 on Halsted Street.
      9917 South Halsted St, Chicago, IL 60628
      View Details
    • Contact for pricing
      88,427 SF

      Roseland Medical Center Office Space

      Second-generation medical office space in established Chicago medical campus.
      134 W 111Th St, Chicago, IL 60628
      View Details
    • Contact for pricing
      96,276 SF

      Industrial Space Near I-94

      96,276 SF industrial space minutes from I-94.
      2924 E 126Th St, Chicago, IL 60628
      View Details
    • Contact for pricing
      5,667 SF

      Retail Space at Oakley & 95th

      5,667 SF retail space available near Western Avenue.
      2255 W 95Th St, Chicago, IL 60628
      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.
    153 E. 110th St
    Chicago, IL 60628
    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

    Thank You for Inquiry
    153 E. 110th St , Chicago, IL, 60628
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!