Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    223 Grand Ave Northlake, IL 60164-1095

    • Garden apartment buildings
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-0965387
    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

    • Garden apartment buildings

    Property Details for 223 Grand Ave

    Year built
    1964
    Lot size
    0.25 lot acres
    Property type
    Garden apartment buildings
    APN
    12-30-201-003
    APU
    1230201003

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Northlake
    County
    Cook
    State
    Illinois
    Longitude
    -87.9088
    Latitude
    41.9306
    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
    $22,629
    $18,842
    $48,111
    $66,953
    -
    $188,420
    $481,110
    $669,530

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      2027 Mannheim Rd

      GARDEN APT, COURT APT (5+ UNITS) • 0.28 Acres
      2027 Mannheim Rd, Northlake, IL 60164-1870
      View Details
    • Value Estimation by Request
      0.32 Acres

      2215 Mannheim Rd

      GARDEN APT, COURT APT (5+ UNITS) • 0.32 Acres
      2215 Mannheim Rd, Melrose Park, IL 60164-1874
      View Details
    • Value Estimation by Request
      0.23 Acres

      225 Grand Ave

      GARDEN APT, COURT APT (5+ UNITS) • 0.23 Acres
      225 Grand Ave, Northlake, IL 60164-1096
      View Details
    • Value Estimation by Request
      0.56 Acres

      32 King Arthur Ct

      GARDEN APT, COURT APT (5+ UNITS) • 0.56 Acres
      32 King Arthur Ct, Northlake, IL 60164-2728
      View Details
    • Value Estimation by Request
      5,568 SF

      11545 Grand Ave

      GARDEN APT, COURT APT (5+ UNITS) • 5,568 SF
      11545 Grand Ave, Northlake, IL 60164-1097
      View Details
    • Value Estimation
      $4,600,000
      0.16 Acres

      2907 Willens Dr

      GARDEN APT, COURT APT (5+ UNITS) • 0.16 Acres
      2907 Willens Dr, Melrose Park, IL 60164-1266
      View Details

    Similar Nearby for Sale

    • $749,900
      2,853 SF

      216 North Ave, Northlake, IL 60164

      Commercial real estate • 2,853 SF
      216 North Ave, Northlake, IL 60164
      View Details
    • $3,862,500
      4,940 SF

      Northlake Retail Investment Opportunity

      NNN Leased Cannabis Dispensary, High NOI
      39 North Ave, Northlake, IL 60164
      View Details
    • $1,300,000

      High Visibility Commercial Land Available

      Prime location suitable for retail, restaurant, and mixed-use development.
      101 East North Ave, Northlake, IL 60164
      View Details
    • New
      $399,900
      0.29 Acres

      Commercial Building on Mannheim Road

      Free-standing commercial building on a high-traffic corridor.
      2345 N Mannheim Rd, Melrose Park, IL 60164
      View Details
    • Contact for pricing

      Prime Melrose Park Commercial Land

      22,505 SF Commercial Lot, Ideal Location
      2301 Mannheim Rd, Melrose Park, IL 60164
      View Details
    • $35,000
      0.16 Acres

      Residential Lot in Melrose Park

      Spacious 7,140 sq ft lot for residential development.
      2939 Haber Ave, Melrose Park, IL 60164
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Northlake Retail/Office Space Available

      Retail or office space available on high traffic North Ave.
      360 E North Ave, Northlake, IL 60164
      View Details
    • Contact for pricing
      48,342 SF

      Melrose Park Warehouse with Office

      48,342 SF warehouse with office space and parking.
      11697 W Grand Ave, Melrose Park, IL 60164
      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.
    223 Grand Ave
    Northlake, IL 60164-1095
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.