Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4011 Ravenswood Ave Chicago, IL 60613-3696

    • Retail space
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5606832
    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

    • LEO DESIGNS, LTD. / Interior Designer
    • Personal Pilates Training - Lauren Pilates / Pilates Studio
    • The Katz Pilates / Personal Trainer
    • Bosly's Backyard / Dog Park
    • Mary Cook Associates / Interior Designer

    Property Details for 4011 Ravenswood Ave

    Year built
    1910
    Lot size
    1.08 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    14-18-420-041
    APU
    1418420041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6733
    Latitude
    41.955
    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
    $167,730
    $590,612
    $198,182
    $788,794
    -
    $2,362,448
    $792,728
    $3,155,176

    Comparable in this City

    • Value Estimation by Request
      0.84 Acres

      4039 43rd N Ravenswood

      STORE, RETAIL OUTLET • 0.84 Acres
      4039 43rd N Ravenswood, Chicago, IL 60613
      View Details
    • Value Estimation by Request
      3,216 SF

      736 Addison St

      STORE, RETAIL OUTLET • 3,216 SF
      736 Addison St, Chicago, IL 60613-4416
      View Details
    • Value Estimation
      $1,180,000
      30,500 SF

      3721 Clark St

      STORE, RETAIL OUTLET • 30,500 SF
      3721 Clark St, Chicago, IL 60613-3809
      View Details
    • Value Estimation
      $1,180,000
      30,500 SF

      3721 Clark St

      STORE, RETAIL OUTLET • 30,500 SF
      3721 Clark St, Chicago, IL 60613-3809
      View Details
    • Value Estimation
      $1,220,000
      30,500 SF

      3721 Clark St

      STORE, RETAIL OUTLET • 30,500 SF
      3721 Clark St, Chicago, IL 60613-3809
      View Details
    • Value Estimation
      $2,055,000
      20,800 SF

      3866 Lincoln Ave

      STORE, RETAIL OUTLET • 20,800 SF
      3866 Lincoln Ave, Chicago, IL 60613
      View Details

    Similar Nearby for Sale

    • $915,000
      3,600 SF

      Lakeview Storefront Investment Opportunity

      Prime Halsted Street Retail Condo
      3629 Halsted St, Chicago, IL 60613
      View Details
    • $915,000
      50,000 SF

      Halsted Street Retail Condo Investment

      Prime Wrigleyville storefront, high-income potential.
      3629-35 Halsted St, Chicago, IL 60613
      View Details
    • $695,000

      Lincoln Avenue Retail Investment Property

      Commercial space with established tenants and attractive CAP rate.
      3740 N Lincoln Ave, Chicago, IL 60613
      View Details
    • Contact for pricing

      Salon Space in Roscoe Village

      Hair stations for rent in established Roscoe Village salon.
      3726 N Lincoln Ave, Chicago, IL 60613
      View Details
    • $535,000
      3,077 SF

      Retail and Warehouse Building

      Retail and warehouse space in a thriving retail corridor.
      5635 W Irving Park Rd, Chicago, IL 60613
      View Details
    • $285,000

      Lakeview Commercial Condo For Sale

      Commercial condo in Lakeview with office/retail space and parking.
      1471 W Irving Park Rd, Chicago, IL 60613
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo
      3,600 SF

      Highly Visible Storefront For Lease

      Storefront for lease near Irving Park Blue Line stop.
      3939-4025 W Irving Park Rd, Chicago, IL 60613
      View Details
    • $20 SF/Yr
      900 SF

      Commercial Condos For Lease/Sale

      Ground floor commercial condos available for lease or sale.
      4144 N Sheridan Rd, Chicago, IL 60613
      View Details
    • $24 SF/Yr
      4,465 SF

      Corner Retail Space Near Foster

      Retail space in high-density area near Foster Beach.
      5200 N Sheridan Rd, Chicago, IL 60613
      View Details
    • Contact for pricing

      Salon Stations for Rent

      Hair stylist stations available in Roscoe Village salon.
      3726 N Lincoln Ave, Chicago, IL 60613
      View Details
    • $30 SF/Yr
      280 SF

      Retail Space on Addison Street

      Prime retail leasing opportunity in Chicago, Illinois.
      632-642 W Addison St, Chicago, IL 60613
      View Details
    • Contact for pricing

      Southport Corridor Retail Space Available

      Bright retail space in Chicago's Southport Corridor, near Blaine Elementary.
      3827 N Southport Ave, Chicago, IL 60613
      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.
    4011 Ravenswood Ave
    Chicago, IL 60613-3696
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.