Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    292 Bensley Ave Calumet City, IL 60409
    Back to Search
    Property profile & analytics

    292 Bensley Ave Calumet City, IL 60409

    View on Map
    • Residential income homes
    • 2,342 SF
    • 0.12 lot acres
    For Sale
    $329,900
    View Listing →
    Calumet City Multi-Family Opportunity For Sale
    $329,900

    Calumet City Multi-Family Opportunity

    All-brick 2-unit building with modern layouts and desirable features.

    292 Bensley Avenue, Calumet City, IL 60409
    View Listing
    Property ID
    US28-4967530
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 292 Bensley Ave

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.12 lot acres
    Property size
    2,342 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    29-12-204-027
    APU
    2912204027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Calumet City
    County
    Cook
    State
    Illinois
    Longitude
    -87.5631
    Latitude
    41.629
    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
    $7,584
    $2,394
    $13,343
    $15,737
    -
    $23,940
    $133,430
    $157,370

    Comparable in this City

    • Value Estimation by Request
      2,841 SF

      394 Pr Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,841 SF
      394 Pr Ave, Calumet City, IL 60409-2166
      View Details
    • Value Estimation by Request
      3,002 SF

      382 Pr Ave, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,002 SF
      382 Pr Ave, Calumet City, IL 60409-2111
      View Details
    • Value Estimation by Request
      2,274 SF

      501 Pulaski Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,274 SF
      501 Pulaski Rd, Calumet City, IL 60409-4100
      View Details
    • Value Estimation by Request
      5,025 SF

      400 Pulaski Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,025 SF
      400 Pulaski Rd, Calumet City, IL 60409-4118
      View Details
    • Value Estimation by Request
      1,450 SF

      123 Pulaski Rd, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,450 SF
      123 Pulaski Rd, Calumet City, IL 60409-4227
      View Details
    • Value Estimation by Request
      3,809 SF

      885 Riv Oaks Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,809 SF
      885 Riv Oaks Dr, Calumet City, IL 60409-5149
      View Details

    Similar Nearby for Sale

    • $600,000
      9,700 SF

      Historic Building with Apartment Units

      Mixed-use property featuring a funeral home and six apartment units.
      248 155Th Pl, Calumet City, IL 60409
      View Details
    • $344,999
      Pending

      Calumet City Townhouse Investment Package

      Four townhouses in Calumet City, generating cash flow.
      1420-1424 Wentworth Ave, Calumet City, IL 60409
      View Details
    • $750,000
      9,000 SF

      Multifamily Building with Nine Units

      Multifamily building featuring nine units.
      437 Prairie Ave, Calumet City, IL 60409
      View Details
    • New
      $799,996

      Well-Maintained 12-Unit Apartment Building

      12-unit apartment building near Illinois-Indiana border with income potential.
      999 Confidential Ave, Calumet City, IL 60409
      View Details
    • $300,000

      Calumet City Two-Unit Building

      Meticulously maintained two-unit building with potential for a third unit.
      341 Crandon Ave, Calumet City, IL 60409
      View Details
    • New
      Contact for pricing
      0.39 Acres

      Calumet City Multifamily Investment Opportunity

      Two-unit property with coach house, sold as-is for renovation.
      305 River Oaks Dr, Calumet City, IL 60409
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      900 SF

      Retail Space Near Memorial Park

      Retail space available across from Memorial Park with competitive rates.
      611-625 Wentworth Ave, Calumet City, IL 60409
      View Details
    • Contact for pricing

      Industrial Facility Near I-294/I-94

      14,750 SF industrial facility on 1.60 acres for rent.
      1480 Huntington Dr, Calumet City, IL 60409
      View Details
    • $18 SF/Yr
      900 SF

      Retail Space on Sibley Blvd

      Retail space for lease with high traffic exposure.
      1555 Sibley Blvd, Calumet City, IL 60409
      View Details
    • $18 SF/Yr

      Calumet City Retail Space Available

      Retail space in vibrant neighborhood strip center, upgrades planned.
      619 Wentworth Ave, Calumet City, IL 60409
      View Details
    • $15 SF/Yr

      Calumet City Retail/Office Space

      Retail/office space in vibrant neighborhood strip center across from park.
      611-25 Wentworth Ave, Calumet City, IL 60409
      View Details
    • $18 SF/Yr

      Retail Space on Sibley Boulevard

      Retail space with high traffic exposure on Sibley Boulevard.
      1555 Sibley Blvd, Calumet City, IL 60409
      View Details
    View Listing
    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.
    292 Bensley Ave
    Calumet City, IL 60409
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    292 Bensley Ave, Calumet City, IL, 60409
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!