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

    4540 Kenneth Ave Chicago, IL 60630-4156

    • Garden apartment buildings
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1173897
    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

    • Garden apartment buildings

    Property Details for 4540 Kenneth Ave

    Year built
    1929
    Lot size
    0.18 lot acres
    Property type
    Garden apartment buildings
    APN
    13-15-122-017
    APU
    1315122017

    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
    -87.7403
    Latitude
    41.9639
    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
    $17,950
    $14,130
    $72,832
    $86,962
    -
    $141,300
    $728,320
    $869,620

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      5480 Parkside Ave

      GARDEN APT, COURT APT (5+ UNITS) • 0.26 Acres
      5480 Parkside Ave, Chicago, IL 60630-1208
      View Details
    • Value Estimation by Request
      0.13 Acres

      4518 Long Ave

      GARDEN APT, COURT APT (5+ UNITS) • 0.13 Acres
      4518 Long Ave, Chicago, IL 60630
      View Details
    • Value Estimation by Request
      0.19 Acres

      4941 Monitor Ave

      GARDEN APT, COURT APT (5+ UNITS) • 0.19 Acres
      4941 Monitor Ave, Chicago, IL 60630-2087
      View Details
    • Value Estimation by Request
      0.14 Acres

      5705 Catalpa Ave

      GARDEN APT, COURT APT (5+ UNITS) • 0.14 Acres
      5705 Catalpa Ave, Chicago, IL 60630-1201
      View Details
    • Value Estimation by Request
      0.15 Acres

      4847 Keeler Ave

      GARDEN APT, COURT APT (5+ UNITS) • 0.15 Acres
      4847 Keeler Ave, Chicago, IL 60630-2700
      View Details
    • Value Estimation by Request
      0.14 Acres

      5910 Gunnison St

      GARDEN APT, COURT APT (5+ UNITS) • 0.14 Acres
      5910 Gunnison St, Chicago, IL 60630-3183
      View Details

    Similar Nearby for Sale

    • $1,099,000
      0.09 Acres

      Mixed-Use Building in Gladstone Park

      Income-generating, fully leased mixed-use building in the heart of Gladstone Park.
      5481 N Northwest Hwy, Chicago, IL 60630
      View Details
    • $659,000

      Chicago Two-Unit Brick Building

      Two-unit brick building in Portage Park/Jefferson Park neighborhoods.
      5738 W Windsor Ave, Chicago, IL 60630
      View Details
    • $401,800
      Pending

      Albany Park Rehab Opportunity

      Three-story building on oversized lot, ideal for renovation or redevelopment.
      4923 N Pulaski Rd, Chicago, IL 60630
      View Details
    • $999,999

      Chicago Investment Property Opportunity

      Updated 5-unit building with parking and tenant-paid utilities.
      6046 W Giddings St, Chicago, IL 60630
      View Details
    • $249,900
      1,100 SF

      Jefferson Park Corner Condo

      Rare 3 bed, 2 bath condo near Blue Line.
      5754 W Lawrence Ave, Chicago, IL 60630
      View Details
    • $650,000
      0.08 Acres

      North Portage Park Income Property

      Two units plus in-law suite in North Portage Park.
      5940 W Wilson Ave, Chicago, IL 60630
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,880 SF

      Milwaukee Ave Retail Opportunity

      10,880 SF Freestanding Building, Chicago
      4777 Milwaukee Ave, Chicago, IL 60630
      View Details
    • $25 SF/Yr
      422 SF

      Office Space in Jefferson Park

      Office space for rent in Jefferson Park neighborhood.
      4831-4859 N Milwaukee Ave, Chicago, IL 60630
      View Details
    • Contact for pricing
      1,725 SF

      Grocery-Anchored Retail Space Available

      Retail space for lease in Chicago's North Mayfair Commons.
      5240 N Pulaski Rd, Chicago, IL 60630
      View Details
    • Contact for pricing
      87,274 SF

      North Mayfair Commons Retail Space

      Chicago Retail Space: Jewel-Osco anchored center.
      4042 Pulaski Rd, Chicago, IL 60630
      View Details
    • Contact for pricing

      Creative Office/Retail Space in Chicago

      Versatile 1,200 SF space in Mayfair neighborhood, Chicago.
      4219 W Lawrence Ave, Chicago, IL 60630
      View Details
    • $8 SF/Yr
      7,991 SF

      Jefferson Park Office Suites Available

      Second floor office suites for rent in Jefferson Park.
      4934 W Lawrence Ave, Chicago, IL 60630
      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.
    4540 Kenneth Ave
    Chicago, IL 60630-4156
    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.