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    Property profile & analytics

    1671 Milwaukee Ave Lake Villa, IL 60046-8583

    • Commercial real estate
    • 5,917 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Last Sale
    Feb 14, 2025
    $250,000
    Location Intelligence
    Property ID
    US28-2259853
    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

    • Commercial real estate

    Property Details for 1671 Milwaukee Ave

    Year built
    1975
    Construction
    FRAME
    Lot size
    0.85 lot acres
    Property size
    5,917 SF
    Property type
    Commercial real estate
    APN
    02-20-400-036
    APU
    220400036

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.0905
    Latitude
    42.4459
    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
    2023
    $1,837
    $21,325
    $2,758
    $24,083
    -
    $63,981
    $8,275
    $72,256

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      20417 Grand Ave

      COMMERCIAL (GENERAL) • 1,800 SF
      20417 Grand Ave, Lake Villa, IL 60046-8425
      View Details
    • Value Estimation
      $200,000
      1.17 Acres

      38718 Il Rte 59

      COMMERCIAL (GENERAL) • 1.17 Acres
      38718 Il Rte 59, Lake Villa, IL 60046
      View Details
    • Value Estimation
      $825,000
      75,672 SF

      320 Milwaukee Ave

      COMMERCIAL (GENERAL) • 75,672 SF
      320 Milwaukee Ave, Lake Villa, IL 60046-8532
      View Details
    • Value Estimation
      $1,635,000
      58,442 SF

      103 Milwaukee Ave

      COMMERCIAL (GENERAL) • 58,442 SF
      103 Milwaukee Ave, Lake Villa, IL 60046-8907
      View Details
    • Value Estimation
      $300,000
      13.90 Acres

      20655 Rollins Rd

      COMMERCIAL (GENERAL) • 13.90 Acres
      20655 Rollins Rd, Lake Villa, IL 60046
      View Details
    • Value Estimation
      $340,000
      0.13 Acres

      39565 Il Rte 59

      COMMERCIAL (GENERAL) • 0.13 Acres
      39565 Il Rte 59, Lake Villa, IL 60046-8146
      View Details

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      4.10 Acres

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      Lake Villa Commercial Land - $199K

      Prime commercial land, ready to develop.
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    • Contact for pricing
      1.34 Acres

      Lindenhurst Commercial Land Investment

      Prime Retail Land, Excellent Location, Utilities Available.
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      Lake Villa Commercial Land - Prime Location

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    Similar Nearby for Lease

    • $13 SF/Yr

      Crossings Plaza Retail Space

      1200 SF retail unit in well-maintained strip center.
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    • $18 SF/Yr
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      Prime medical office suites available. Lake Villa, IL.
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      Prime Lindenhurst retail space, single tenant.
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    • $15 SF/Yr
      85,311 SF

      Lindenhurst Retail Center Spaces

      Prime Retail Space: Two Units Available
      2042 Grand Ave, Lindenhurst, IL 60046
      View Details
    • $14 SF/Yr
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      Lake Villa Retail Space Available

      Prime Lake County storefront, multiple units.
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    • Contact for pricing

      Office Space For Rent

      Office space available for lease in Lindenhurst, Illinois.
      2450 Grass Lk Rd, Lindenhurst, IL 60046
      View Details
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    1671 Milwaukee Ave
    Lake Villa, IL 60046-8583
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    Realmo Value Estimation

    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.

    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.

    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
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