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    Property profile & analytics

    2875 Milwaukee Ave Northbrook, IL 60062-6103

    • Motels
    • 5.86 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 12, 2025
    Location Intelligence
    Property ID
    US28-0117557
    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

    • Isalis / Gift Shop / Boutique
    • Party City / Costume Store / Party Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 2875 Milwaukee Ave

    Year built
    1975
    Lot size
    5.86 lot acres
    Property type
    Motels
    APN
    04-19-302-016
    APU
    419302016

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Northbrook
    County
    Cook
    State
    Illinois
    Longitude
    -87.8818
    Latitude
    42.1003
    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
    $689,844
    $638,405
    $2,599,095
    $3,237,500
    -
    $2,553,620
    $10,396,380
    $12,950,000

    Comparable in this City

    • Value Estimation by Request
      7.20 Acres

      2855 Milwaukee Ave

      MOTEL • 7.20 Acres
      2855 Milwaukee Ave, Northbrook, IL 60062-6103
      View Details
    • Value Estimation by Request
      9.30 Acres

      933 Skokie Blvd

      MOTEL • 9.30 Acres
      933 Skokie Blvd, Northbrook, IL 60062-4004
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    • Value Estimation by Request
      1.21 Acres

      1100 Willow Ln

      MOTEL • 1.21 Acres
      1100 Willow Ln, Northbrook, IL 60062-3813
      View Details
    • Value Estimation
      $6,595,000
      0.96 Acres

      3350 Milwaukee Ave

      MOTEL • 0.96 Acres
      3350 Milwaukee Ave, Northbrook, IL 60062-7126
      View Details
    • Value Estimation by Request
      1.01 Acres

      3050 Pheasant Crk Drp53

      RESIDENTIAL PARKING GARAGE • 1.01 Acres
      3050 Pheasant Crk Drp53, Northbrook, IL 60062-3370
      View Details
    • Value Estimation by Request
      1.01 Acres

      3070 Pheasant Crk Drp9

      RESIDENTIAL PARKING GARAGE • 1.01 Acres
      3070 Pheasant Crk Drp9, Northbrook, IL 60062-3361
      View Details

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    Property Visit Statistics

    • Visits by month
      6.9k
    • Visitors by month
      2.5k
    • Avg Time on site
      298 min
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    2875 Milwaukee Ave
    Northbrook, IL 60062-6103
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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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