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    Property profile & analytics

    2413 Lk St Melrose Park, IL 60160

    • Retail space
    • 6,470 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Jul 22, 2024
    $375,000
    Location Intelligence
    Property ID
    US28-2816457
    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

    • Retail space

    Property Details for 2413 Lk St

    Year built
    1919
    Lot size
    0.17 lot acres
    Property size
    6,470 SF
    Property type
    Retail space
    APN
    15-03-340-007
    APU
    1503340007

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8637
    Latitude
    41.895
    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
    $27,129
    $22,176
    $65,861
    $88,037
    -
    $88,704
    $263,444
    $352,148

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      117 19th Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      117 19th Ave, Melrose Park, IL 60160-3702
      View Details
    • Value Estimation by Request
      0.18 Acres

      1819 Lk St

      RETAIL STORES (PERSONAL SERVICES) • 0.18 Acres
      1819 Lk St, Melrose Park, IL 60160-3721
      View Details
    • Value Estimation by Request
      0.06 Acres

      1016 Lk St

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      1016 Lk St, Melrose Park, IL 60160-4147
      View Details
    • Value Estimation by Request

      1600 Lk St

      STORE, RETAIL OUTLET
      1600 Lk St, Melrose Park, IL 60160-3817
      View Details
    • Value Estimation by Request
      0.11 Acres

      165 22nd Ave

      STORE, RETAIL OUTLET • 0.11 Acres
      165 22nd Ave, Melrose Park, IL 60160-0002
      View Details
    • Value Estimation by Request
      5,804 SF

      2336 Lk St

      RETAIL STORES (PERSONAL SERVICES) • 5,804 SF
      2336 Lk St, Melrose Park, IL 60160-3623
      View Details

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    2413 Lk St
    Melrose Park, IL 60160
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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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