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

    4211 Cicero Ave Chicago, IL 60641-1651

    • Office buildings
    • 39,000 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    $1,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2188699
    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

    • Bolotnikov Irina DDS / Dentist
    • Advocate Medical Group / Medical Group
    • David S. Noparstak MD / Internist
    • Meera Sharma MD / Family Practice Physician
    • Bone & Joint Center / Surgical Center / Health

    Property Details for 4211 Cicero Ave

    Year built
    1987
    Lot size
    0.48 lot acres
    Property size
    39,000 SF
    Property type
    Office buildings
    APN
    13-15-309-038
    APU
    1315309038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $940,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,501,000
      Market price range: $278k - $1.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.747
    Latitude
    41.9577
    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
    $248,771
    $94,954
    $1,114,538
    $1,209,492
    -
    $379,816
    $4,458,152
    $4,837,968

    Comparable in this City

    • Value Estimation
      $13,525,000
      2.36 Acres

      4610 Irving Park Rd

      OFFICE BUILDING (MULTI-STORY) • 2.36 Acres
      4610 Irving Park Rd, Chicago, IL 60641
      View Details
    • Value Estimation
      $795,000
      24,000 SF

      4041 Milwaukee Ave, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 24,000 SF
      4041 Milwaukee Ave, Chicago, IL 60641-1834
      View Details
    • Value Estimation by Request

      4202 Milwaukee Ave

      Office space
      4202 Milwaukee Ave, Chicago, IL 60641
      View Details
    • Value Estimation by Request

      Chicago, IL 60641

      CONDOMINIUM OFFICES
      Chicago, IL 60641
      View Details
    • Value Estimation
      $425,000
      7,300 SF

      4212 Irving Park Rd, Unit 3

      CONDOMINIUM OFFICES • 7,300 SF
      4212 Irving Park Rd, Chicago, IL 60641-2935
      View Details
    • Value Estimation
      $85,000
      0.17 Acres

      3000 Pulaski Rd

      CONDOMINIUM OFFICES • 0.17 Acres
      3000 Pulaski Rd, Chicago, IL 60641-5443
      View Details

    Similar Nearby for Sale

    • $4,699,000

      Freestanding Industrial/Office Building For Sale

      47,180 SF industrial/office building in unbeatable Chicago location.
      4300 N Knox Ave, Chicago, IL 60641
      View Details
    • $1,799,000

      Mayfair Industrial and Office Property

      Industrial and office property in Mayfair with development opportunity.
      4220-4228 W Montrose Ave, Chicago, IL 60641
      View Details
    • $329,000
      0.17 Acres

      Chicago Commercial Building For Sale

      Commercial building with warehouse and office space in Chicago.
      2840 N Laramie Ave, Chicago, IL 60641
      View Details
    • $1,950,000
      12,157 SF

      Medical Anchored Retail Opportunity

      Retail property with medical anchor in a superior location.
      4844 W Irving Park Rd, Chicago, IL 60641
      View Details
    • $849,999

      Brick Warehouse with Overhead Doors

      9523 sqft brick warehouse with office and EV charging.
      3333 N Knox Ave, Chicago, IL 60641
      View Details
    • $1,995,000
      18,000 SF

      18,000 SF Warehouse For Sale

      18,000 SF warehouse with loading dock and parking.
      3450 N Kostner Ave, Chicago, IL 60641
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Move-in Ready Office Building For Lease

      2,300 SF office building with parking, ideal for businesses.
      4220 W Montrose Ave, Chicago, IL 60641
      View Details
    • $10 SF/Yr
      60,448 SF

      Portage Square Retail Center

      Chicago Retail Space: High-Visibility Opportunity
      4901 Irving Park Rd, Chicago, IL 60641
      View Details
    • $29 SF/Yr

      Old Irving Park Retail/Office

      Newer construction retail/office space in Old Irving Park area.
      4323 W Irving Park Rd, Chicago, IL 60641
      View Details
    • $10 SF/Yr
      1,500 SF

      Portage Park Office Space

      Flexible Office Suites, Chicago
      4202 Milwaukee Ave, Chicago, IL 60641
      View Details
    • $20 SF/Yr

      Retail/Office Space on Cicero Avenue

      1,253 SF retail/office space in Six Corners neighborhood.
      4016 N Cicero Ave, Chicago, IL 60641
      View Details
    • $14 SF/Yr
      1,000 SF

      Office Space on Milwaukee Avenue

      Office space with offices, kitchenette, and storage on Milwaukee.
      4253 N Milwaukee Ave, Chicago, IL 60641
      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.
    4211 Cicero Ave
    Chicago, IL 60641-1651
    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.