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    Property profile & analytics

    2240 Commonwealth Ave North Chicago, IL 60064-3304

    • Warehouses
    • 4,800 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Last Sale
    Jan 03, 2025
    $296,000
    Location Intelligence
    Property ID
    US28-2063527
    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

    • Warehouses

    Property Details for 2240 Commonwealth Ave

    Year built
    1987
    Construction
    BRICK
    Lot size
    0.36 lot acres
    Property size
    4,800 SF
    Property type
    Warehouses
    APN
    12-05-414-013
    APU
    1205414013

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Chicago
    County
    Lake
    State
    Illinois
    Longitude
    -87.8473
    Latitude
    42.318
    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
    $5,343
    $20,319
    $30,108
    $50,427
    -
    $60,963
    $90,333
    $151,296

    Comparable in this City

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    • Value Estimation by Request
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      2300 Commonwealth Ave

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    • Value Estimation by Request
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      1303 Morrow Ave

      WAREHOUSE, STORAGE • 9,184 SF
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    • Value Estimation
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      1,500 SF

      2491 Greenfield Ln

      WAREHOUSE, STORAGE • 1,500 SF
      2491 Greenfield Ln, North Chicago, IL 60064-3321
      View Details
    • Value Estimation
      $330,000
      5,000 SF

      1600 24th St

      WAREHOUSE, STORAGE • 5,000 SF
      1600 24th St, North Chicago, IL 60064-3309
      View Details

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    2240 Commonwealth Ave
    North Chicago, IL 60064-3304
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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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