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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18014 Wentworth Ave Lansing, IL 60438

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5212009
    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 18014 Wentworth Ave

    Property type
    Commercial real estate

    Description

    This exceptional two-story apartment building, located at 18014 Wentworth Ave in Lansing, Illinois (zip code 60438), presents a lucrative investment opportunity. The property boasts six units, each recently renovated with updated kitchen cabinets, lighting, flooring, doors, and trim, as well as new bathrooms. Significant improvements have also been made to the building's infrastructure, including new water heaters, new furnaces, and new window air conditioning units in every apartment. The roof has been recoated, ensuring long-term durability. A convenient amenity for tenants is the inclusion of new coin-operated washers and dryers located in the basement. The asking price is $584,900, translating to a price per unit of $97,483.33. The property's strong financial performance is evident in its impressive net operating income (NOI) of $63,751, resulting in a compelling 10.90% capitalization rate. This multifamily property in Cook County offers a compelling combination of attractive features, recent renovations, and a high return on investment, making it an ideal addition to any portfolio. The property is situated at 41.5678418 latitude and -87.5300421 longitude.

    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
    Lansing
    County
    Cook
    State
    Illinois
    Longitude
    -87.5300421
    Latitude
    41.5678418

    Comparable in this City

    • $164,900

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    • New
      $599,900

      Lansing Investment Property Package

      Single-family home and fully leased four-unit apartment in Lansing, Illinois.
      19061 Wentworth Ave, Lansing, IL 60438
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    • $385,000
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      Lansing Mixed-Use Investment Opportunity

      Updated mixed-use property with residential and commercial units for sale.
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    • $549,999
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      Lansing Industrial Property - Great Location

      High-Visibility Industrial Building, Excellent Access
      16700 Chicago Ave, Lansing, IL 60438
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    • $325,000
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      Lansing Multi-Tenant Investment Opportunity

      High-visibility retail & apartments, prime location.
      18421 Glen Oak Ave, Lansing, IL 60438
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    Similar Nearby for Sale

    • $725,000
      0.18 Acres

      Remodeled Lansing Commercial Property

      Remodeled bar/restaurant with apartment and outdoor patio.
      3323 Ridge Rd, Lansing, IL 60438
      View Details
    • $164,900

      Spacious Condo with Water Views

      Charming condo with pond and lake views from private balcony.
      3640 186Th St, Lansing, IL 60438
      View Details
    • New
      $599,900

      Lansing Investment Property Package

      Single-family home and fully leased four-unit apartment in Lansing, Illinois.
      19061 Wentworth Ave, Lansing, IL 60438
      View Details
    • $385,000
      0.11 Acres

      Lansing Mixed-Use Investment Opportunity

      Updated mixed-use property with residential and commercial units for sale.
      3601 Ridge Rd, Lansing, IL 60438
      View Details
    • $549,999
      5,575 SF

      Lansing Industrial Property - Great Location

      High-Visibility Industrial Building, Excellent Access
      16700 Chicago Ave, Lansing, IL 60438
      View Details
    • $325,000
      7,940 SF

      Lansing Multi-Tenant Investment Opportunity

      High-visibility retail & apartments, prime location.
      18421 Glen Oak Ave, Lansing, IL 60438
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    Similar Nearby for Lease

    • $21 SF/Yr
      15,961 SF

      Lansing Office Suites Available

      Downtown Lansing office space, flexible sizes.
      18241 West St, Lansing, IL 60438
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    • $8 SF/Yr
      313,982 SF

      Lansing Manufacturing Space Available

      Manufacturing space with ample parking near major expressways.
      16801 Exchange Ave, Lansing, IL 60438
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    • $20 SF/Yr
      22,315 SF

      Torrence Commons Retail Space

      Lansing, IL Retail - 2 Suites Available
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    • $14 SF/Yr
      11,723 SF

      Lansing Office Space Available

      Prime Lansing office space, 974-1,950 sq ft.
      3224 Ridge Rd, Lansing, IL 60438
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    • Contact for pricing
      3,600 SF

      Retail Space in Cook County

      Retail spaces available in a shopping center with high traffic.
      16831 Torrence Ave, Lansing, IL 60438
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    • $24 SF/Yr
      2,400 SF

      Retail Space Near Walmart

      Retail units available near major retailers and highway access.
      17643-17681 Torrence Ave, Lansing, IL 60438
      View Details
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    18014 Wentworth Ave
    Lansing, IL 60438
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    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
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