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    4143 Archer Ave, Unit 45 Chicago, IL 60632-1864

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    4143 Archer Ave, Unit 45 Chicago, IL 60632-1864

    View on Map
    • Retail residential properties
    • 7,100 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US28-1480006
    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
    $1,675,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SEGUROS PARA VIAJAR A MEXICO / Insurance Agency
    • Cindy's New Touch Unisex / Hair Salon / Nail Salon

    Property Details for 4143 Archer Ave

    Year built
    1932
    Lot size
    0.12 lot acres
    Property size
    7,100 SF
    Property type
    Retail residential properties
    APN
    19-01-121-010
    APU
    1901121010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,955,000
      6.5%
      $1,800,000
      7%
      $1,675,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6973
    Latitude
    41.818
    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
    $14,861
    $7,374
    $54,969
    $62,343
    -
    $73,740
    $549,690
    $623,430

    Comparable in this City

    • Value Estimation
      $1,170,000
      6,900 SF

      4163 Archer Ave

      STORES & APARTMENTS • 6,900 SF
      4163 Archer Ave, Chicago, IL 60632-1870
      View Details
    • Value Estimation
      $1,345,000
      5,900 SF

      4327 Archer Ave

      STORES & APARTMENTS • 5,900 SF
      4327 Archer Ave, Chicago, IL 60632-2844
      View Details
    • Value Estimation by Request
      1,800 SF

      4258 Archer Ave

      STORES & APARTMENTS • 1,800 SF
      4258 Archer Ave, Chicago, IL 60632-2550
      View Details
    • Value Estimation
      $3,105,000
      11,538 SF

      3850 49th St

      STORES & APARTMENTS • 11,538 SF
      3850 49th St, Chicago, IL 60632
      View Details
    • Value Estimation
      $500,000
      2,300 SF

      2635 39th Pl

      STORES & APARTMENTS • 2,300 SF
      2635 39th Pl, Chicago, IL 60632-1170
      View Details
    • Value Estimation
      $695,000
      4,100 SF

      4254 55th St

      STORES & APARTMENTS • 4,100 SF
      4254 55th St, Chicago, IL 60632-4642
      View Details

    Similar Nearby for Sale

    • $480,000
      5,400 SF

      Archer Avenue Mixed-Use Investment

      Mixed-use property on Archer Avenue with income and upside.
      4239 S Archer Ave, Chicago, IL 60632
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    • $599,900

      Mixed-Use Building on Archer Avenue

      Mixed-use building with business zoning and potential for 5 units.
      4107 S Archer Ave, Chicago, IL 60632
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    • $375,000
      Pending

      Mixed-Use Building with Extra Lot

      Mixed-use building featuring storefront, apartment, and extra parking lot.
      2547 W 51St St, Chicago, IL 60632
      View Details
    • $7,900,000
      38,670 SF

      Mixed-Use Building on Archer Avenue

      58,000 Sq. Ft. mixed-use building at a busy intersection.
      4192 South Archer Ave, Chicago, IL 60632
      View Details
    • $8,500,000
      58,000 SF

      Mixed-Use Building in Chicago

      58,000 sq ft mixed-use building at Archer and Sacramento.
      4192 S Archer Ave, Chicago, IL 60632
      View Details
    • $725,000
      0.13 Acres

      Mixed-Use Property with Bar

      Mixed-use property with bar, apartments, and parking in Chicago.
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    Similar Nearby for Lease

    • Contact for pricing
      31,834 SF

      90-Door Truck Terminal for Lease

      Strategically located truck terminal with repair facility and ample parking.
      3000 W 36Th St, Chicago, IL 60632
      View Details
    • Contact for pricing

      Retail Space on Archer Avenue

      Retail space available on busy Archer Avenue in Chicago.
      3916 S Archer Ave, Chicago, IL 60632
      View Details
    • Contact for pricing

      Industrial Property with Renovated Truck Docks

      Renovated truck docks, fully paved, fenced, and secured property.
      4043 W 52Nd St, Chicago, IL 60632
      View Details
    • Contact for pricing

      Retail Space on Cicero Avenue

      Retail space with high traffic volume available for rent.
      5141 South Cicero Ave, Chicago, IL 60632
      View Details
    • Contact for pricing
      11,700 SF

      Retail Space on Archer Avenue

      Retail space available on a high-traffic street.
      3956 S Archer Ave, Chicago, IL 60632
      View Details
    • $8 SF/Yr
      71,004 SF

      Well-Maintained Chicago Warehouse Available

      71,004 SF warehouse with recent upgrades, ideal for various uses.
      4202 W 45Th St, Chicago, IL 60632
      View Details
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    Chicago, IL 60632-1864
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    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
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    4143 Archer Ave, Chicago, IL, 60632

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