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    Property profile & analytics

    4400 Gilbert Ave, Unit A Western Springs, IL 60558-1691

    • Residential income homes
    • 2,396 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US28-2532445
    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

    • Residential income homes

    Property Details for 4400 Gilbert Ave

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    2,396 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    18-05-310-056
    APU
    1805310056

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $280,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $330,000
      Mixed-Use
      $345,000
      Hospitality
      $300,000
      Educational
      $300,000
      Residential Income
      $295,000
      Energy
      $335,000
      Income-Based Land
      $305,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Western Springs
    County
    Cook
    State
    Illinois
    Longitude
    -87.8893
    Latitude
    41.8112
    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
    $6,624
    $5,038
    $20,902
    $25,940
    -
    $50,380
    $209,020
    $259,400

    Comparable in this City

    • Value Estimation by Request
      4,596 SF

      500 Hillgrove Ave, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,596 SF
      500 Hillgrove Ave, Western Springs, IL 60558-1466
      View Details
    • Value Estimation by Request
      4,174 SF

      915 Burlington Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,174 SF
      915 Burlington Ave, Western Springs, IL 60558-1293
      View Details
    • Value Estimation by Request
      2,938 SF

      917 Burlington Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,938 SF
      917 Burlington Ave, Western Springs, IL 60558-1295
      View Details
    • Value Estimation
      $865,000
      2,688 SF

      17 Ogden Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,688 SF
      17 Ogden Ave, Western Springs, IL 60558-1257
      View Details
    • Value Estimation
      $370,000
      1,944 SF

      4501 Grand Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,944 SF
      4501 Grand Ave, Western Springs, IL 60558-1859
      View Details
    • Value Estimation by Request
      2,580 SF

      307 Burlington Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,580 SF
      307 Burlington Ave, Western Springs, IL 60558-1680
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      10,000 SF

      Office Space For Lease

      522 SF office space available in well-maintained building.
      915 West 55Th St, Western Springs, IL 60558
      View Details
    • Contact for pricing
      732 SF

      Retail Space Near High School

      Retail space available near Lyons Township High School.
      4700 Gilbert Ave, Western Springs, IL 60558
      View Details
    • $27 SF/Yr
      1,775 SF

      Western Springs Office Space Available

      Prime Western Springs Office: 1775 sq ft
      901 Burlington Ave, Western Springs, IL 60558
      View Details
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    4400 Gilbert Ave, Unit A
    Western Springs, IL 60558-1691
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    Realmo Value Estimation

    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.

    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.

    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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