Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3258 Hirsch St Chicago, IL 60651-2368
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3258 Hirsch St Chicago, IL 60651-2368

    View on Map
    • Residential income homes
    • 4,925 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Aug 28, 2023
    Property ID
    US28-5484949
    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
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 3258 Hirsch St

    Year built
    1903
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    4,925 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    16-02-215-016
    APU
    1602215016

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $772,000
      Market price range: $463k - $927k
      AI Estimate
      $769,000
      Market price range: $579k - $817k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $695,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,175,000
      Change: +70% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $955,000
      Change: +38% Conversion: Moderate
      OFFICE BUILDING
      $665,000
      Change: -4% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $590,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7092
    Latitude
    41.9067
    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
    $11,847
    $3,720
    $53,880
    $57,600
    -
    $37,200
    $538,800
    $576,000

    Comparable in this City

    • Value Estimation by Request
      2,033 SF

      3556 Chicago Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,033 SF
      3556 Chicago Ave, Chicago, IL 60651-4557
      View Details
    • Value Estimation by Request
      2,676 SF

      4942 Potomac Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,676 SF
      4942 Potomac Ave, Chicago, IL 60651-1562
      View Details
    • Value Estimation by Request
      2,372 SF

      4021 Potomac Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,372 SF
      4021 Potomac Ave, Chicago, IL 60651-1960
      View Details
    • Value Estimation by Request
      2,650 SF

      1332 Hamlin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,650 SF
      1332 Hamlin Ave, Chicago, IL 60651-2244
      View Details
    • Value Estimation by Request
      1,890 SF

      1052 Hamlin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,890 SF
      1052 Hamlin Ave, Chicago, IL 60651-3830
      View Details
    • Value Estimation by Request
      2,064 SF

      1431 Harding Ave, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,064 SF
      1431 Harding Ave, Chicago, IL 60651-2032
      View Details

    Similar Nearby for Sale

    • $825,000
      7,600 SF

      Humboldt Park 8-Unit Building

      Eight-unit walk-up, strong cash flow, Humboldt Park.
      1056 N. Hamlin Ave, Chicago, IL 60651
      View Details
    • $2,067,000

      24-Unit Multifamily in Austin Area

      Stabilized 24-unit multifamily property in Chicago's Austin neighborhood.
      1124 N Lawler Ave, Chicago, IL 60651
      View Details
    • $948,000

      Residential Building in Quiet Location

      Well-maintained residential building with good rental income potential.
      855 N Lockwood Ave, Chicago, IL 60651
      View Details
    • $999,999

      West Humboldt Park Multifamily Investment

      32-unit mixed-use building in need of repair.
      1015-1023 N Pulaski Rd, Chicago, IL 60651
      View Details
    • $324,900

      Corner Building with Proposed Plans

      Three-unit building with plans for seven-unit apartment building.
      5256 W Chicago Ave, Chicago, IL 60651
      View Details
    • $948,000
      0.14 Acres

      Chicago Multifamily Income Property

      Multifamily property in Chicago with good rental income.
      855 N Lockwood Ave, Chicago, IL 60651
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,614 SF

      Industrial Space Available For Lease

      Industrial units for lease, ranging from 2,000 to 100,000 SF.
      2321 N Keystone Ave, Chicago, IL 60651
      View Details
    • Contact for pricing

      Cicero Avenue Commercial Land

      Commercial land available for ground lease or build-to-suit.
      2812 S Cicero Ave, Cicero, IL 60651
      View Details
    • Contact for pricing
      232,845 SF

      Cicero Industrial Property for Lease

      232,845 SF industrial space with excellent transportation access.
      1400 S Laramie Ave, Cicero, IL 60651
      View Details
    • Contact for pricing
      27,000 SF

      Rehabbed Warehouse in Opportunity Zone

      Recently rehabbed warehouse with immaculate offices and new roof.
      1270 S Kostner Ave, Chicago, IL 60651
      View Details
    • Contact for pricing
      6,786 SF

      Chicago Retail Space Available

      Retail space available for lease in Chicago, IL.
      4536 S Cicero Ave, Chicago, IL 60651
      View Details
    • $14 SF/Yr

      Industrial Space with Flexible Zoning

      3,125 sq ft industrial/warehouse space for lease.
      1432 N Kilpatrick Ave, Chicago, IL 60651
      View Details
    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.
    3258 Hirsch St
    Chicago, IL 60651-2368
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!