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    Property profile & analytics

    4353 Irving Park Rd Chicago, IL 60641-2830

    • Residential income homes
    • 2,386 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1161735
    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

    • Valor Advisers / Financial Advisor

    Property Details for 4353 Irving Park Rd

    Year built
    1914
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    2,386 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    13-22-105-003
    APU
    1322105003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $665,000
      6.5%
      $610,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $623,000
      Market price range: $380k - $624k
      AI Estimate
      $424,000
      Market price range: $301k - $425k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $500,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $570,000
      Change: +14% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $435,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7375
    Latitude
    41.9532
    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
    $10,901
    $13,411
    $39,369
    $52,780
    -
    $134,110
    $393,690
    $527,800

    Comparable in this City

    • Value Estimation
      $510,000
      2,479 SF

      4222 Pulaski Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,479 SF
      4222 Pulaski Rd, Chicago, IL 60641-2591
      View Details
    • Value Estimation
      $545,000
      2,579 SF

      3744 Pulaski Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,579 SF
      3744 Pulaski Rd, Chicago, IL 60641-3137
      View Details
    • Value Estimation by Request
      1,700 SF

      4218 Pulaski Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,700 SF
      4218 Pulaski Rd, Chicago, IL 60641-2775
      View Details
    • Value Estimation
      $600,000
      3,517 SF

      5219 Eddy St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,517 SF
      5219 Eddy St, Chicago, IL 60641-3309
      View Details
    • Value Estimation
      $775,000
      5,034 SF

      4369 Elston Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,034 SF
      4369 Elston Ave, Chicago, IL 60641-2147
      View Details
    • Value Estimation
      $585,000
      2,800 SF

      5119 Grace St, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,800 SF
      5119 Grace St, Chicago, IL 60641-3453
      View Details

    Similar Nearby for Sale

    • $475,000

      Chicago 2-Unit Apartment Building

      Historic Six Corners location, great investment potential.
      4945 Berenice Ave, Chicago, IL 60641
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    • $775,000

      Mixed-Use Building with Retail and Apartments

      Mixed-use property featuring retail spaces and residential units in Chicago.
      3012 N Laramie Ave, Chicago, IL 60641
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    • New
      $499,900
      0.10 Acres

      Two-Unit Property in Portage Park

      Two-unit property with renovation potential in a desirable Chicago location.
      5040 W Patterson Ave, Chicago, IL 60641
      View Details
    • New
      $1,350,000
      0.09 Acres

      Six-Unit Corner Property in Chicago

      Two buildings with parking near shops, restaurants, and transportation.
      4155 W Roscoe St, Chicago, IL 60641
      View Details
    • $650,000
      2,282 SF

      Two-Unit Building in Portage Park

      Well-maintained 2-unit building in convenient Chicago location.
      4913 W Warwick Ave, Chicago, IL 60641
      View Details
    • $425,000

      Two-Flat with Garden In-Law Unit

      Two-flat with in-law unit, ideal for rehab or builders.
      4171 W Eddy St, Chicago, IL 60641
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Chicago Condo Unit For Rent

      One bed, one bath condo unit with modern finishes.
      4560 W George St, Chicago, IL 60641
      View Details
    • Contact for pricing

      Newer Construction Garden Apartment

      2019 construction, 2 bed, 1 bath apartment for rent.
      5134 W Henderson St, Chicago, IL 60641
      View Details
    • Contact for pricing
      950 SF

      Modern Unit in Old Irving

      Modern apartment in upscale neighborhood, near transportation and amenities.
      3709 N Kenneth Ave, Chicago, IL 60641
      View Details
    • New
      Contact for pricing
      9,731 SF

      Spacious Chicago Loft for Lease

      Massive 2500 SF loft perfect for live-work.
      4837 W Irving Park Rd, Chicago, IL 60641
      View Details
    • $15 SF/Yr

      Corner Office Space Available

      Modern office space with private entrance in a prime location.
      5024 W Irving Park Rd, Chicago, IL 60641
      View Details
    • Contact for pricing
      15,225 SF

      Industrial Building in Chicago

      30,450 SF industrial building for rent in Chicago.
      3500 N Kostner Ave, Chicago, IL 60641
      View Details
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    4353 Irving Park Rd
    Chicago, IL 60641-2830
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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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