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    Property profile & analytics

    2250 Commonwealth Ave North Chicago, IL 60064

    • Warehouses
    • 9,300 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    $45,000
    Last Sale
    Jan 03, 2024
    $60,000
    Location Intelligence
    Property ID
    US28-2656870
    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 2250 Commonwealth Ave

    Year built
    1923
    Construction
    BRICK
    Lot size
    0.43 lot acres
    Property size
    9,300 SF
    Property type
    Warehouses
    APN
    12-05-414-014
    APU
    1205414014

    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
    -87.8472
    Latitude
    42.3178
    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
    $7,417
    $23,479
    $46,526
    $70,005
    -
    $70,444
    $139,592
    $210,036

    Comparable in this City

    • Value Estimation
      $900,000
      17,000 SF

      2323 Grn Bay Rd

      WAREHOUSE, STORAGE • 17,000 SF
      2323 Grn Bay Rd, North Chicago, IL 60064-3062
      View Details
    • Value Estimation
      $1,610,000
      20,312 SF

      29800 Skokie Hwy, Unit 7

      WAREHOUSE, STORAGE • 20,312 SF
      29800 Skokie Hwy, North Chicago, IL 60064
      View Details
    • Value Estimation
      $385,000
      32,482 SF

      2250 Greenfield Ln

      WAREHOUSE, STORAGE • 32,482 SF
      2250 Greenfield Ln, North Chicago, IL 60064
      View Details
    • Value Estimation
      $425,000
      3,920 SF

      3015 23rd Pl

      WAREHOUSE, STORAGE • 3,920 SF
      3015 23rd Pl, North Chicago, IL 60064-3105
      View Details
    • Value Estimation by Request
      10,823 SF

      2214 Commonwealth Ave

      WAREHOUSE, STORAGE • 10,823 SF
      2214 Commonwealth Ave, North Chicago, IL 60064-3304
      View Details
    • Value Estimation
      $415,000
      1,000 SF

      Martin Luther King Jr Dr

      WAREHOUSE, STORAGE • 1,000 SF
      Martin Luther King Jr Dr, North Chicago, IL 60064
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      238,575 SF

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      Industrial warehouse space for lease in North Chicago, Illinois.
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      View Details
    • $9 SF/Yr
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    2250 Commonwealth Ave
    North Chicago, IL 60064
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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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