Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4900 Riverside Dr Mc Cook, IL 60525-3395

    • Residential income homes
    • 1,422 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    5.7%
    Residential income homes
    Location Intelligence
    Property ID
    US28-4725178
    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 4900 Riverside Dr

    Year built
    1948
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    1,422 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    18-11-123-013
    APU
    1811123013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $310,000
      6.5%
      $285,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $347,000
      Market price range: $203k - $363k
      AI Estimate
      $249,000
      Market price range: $141k - $249k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mc Cook
    County
    Cook
    State
    Illinois
    Longitude
    -87.8305
    Latitude
    41.802
    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
    $9,949
    $3,135
    $19,974
    $23,109
    -
    $31,350
    $199,740
    $231,090

    Comparable in this City

    • Value Estimation
      $330,000
      3,728 SF

      27 Kensington Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,728 SF
      27 Kensington Ave, La Grange, IL 60525-2205
      View Details
    • Value Estimation
      $355,000
      2,052 SF

      1 Drexel Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,052 SF
      1 Drexel Ave, La Grange, IL 60525-5882
      View Details
    • Value Estimation
      $285,000
      1,672 SF

      5410 La Grange Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,672 SF
      5410 La Grange Rd, Countryside, IL 60525-3145
      View Details
    • Value Estimation
      $405,000
      4,020 SF

      4911 Grand Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,020 SF
      4911 Grand Ave, Mc Cook, IL 60525-3237
      View Details
    • Value Estimation
      $360,000
      4,278 SF

      901 La Grange Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,278 SF
      901 La Grange Rd, La Grange, IL 60525-2796
      View Details
    • Value Estimation
      $385,000
      2,658 SF

      29 6th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,658 SF
      29 6th Ave, La Grange, IL 60525-2402
      View Details

    Similar Nearby for Sale

    • $695,900

      Updated Duplex in Lyons Township

      Two-unit building in Lyons Township School District.
      5348 6 Ave, Countryside, IL 60525
      View Details
    • $650,000

      La Grange Multifamily Opportunity

      Two standalone units on a large lot in La Grange Highlands.
      1009 61 St, La Grange Highlands, IL 60525
      View Details
    • $1,649,900
      14,500 SF

      Countryside Office Building

      18-unit multi-tenant office building
      6502 Joliet Rd, Countryside, IL 60525
      View Details
    • $40,000

      Land Parcel in La Grange

      Non-buildable land parcel suitable for outdoor enjoyment.
      225 Sawyer Ave, La Grange, IL 60525
      View Details
    • $1,550,000
      10,525 SF

      La Grange Retail & Office Building

      Prime La Grange location, multi-tenant, high income area.
      18 Burlington Ave, La Grange, IL 60525
      View Details
    • $895,000
      4,955 SF

      La Grange Retail Building

      Multi-tenant retail building in downtown La Grange near Metra.
      19-25 W Hillgrove Ave, La Grange, IL 60525
      View Details

    Similar Nearby for Lease

    • $1,550 /Mo

      Updated Apartment in Brick Building

      Clean, updated apartment with parking and storage in great location.
      9907 W 58 St, Countryside, IL 60525
      View Details
    • $11 SF/Yr
      164,243 SF

      Class A Industrial Space in Cicero, IL

      Modern Manufacturing/R&D Facility Available
      9150 55 St, McCook, IL 60525
      View Details
    • Contact for pricing
      3,104 SF

      LaGrange Road Office Space Available

      Historic La Grange office building, flexible suites.
      72 Lagrange Rd, La Grange, IL 60525
      View Details
    • Contact for pricing
      32,596 SF

      Hodgkins Industrial Flex Space

      Modern 32,596 SF flex space, ideal for logistics.
      6800 Riv Rd, Hodgkins, IL 60525
      View Details
    • Contact for pricing
      42,100 SF

      McCook Warehouse End-Cap Unit

      Class A warehouse with high visibility and flexible loading options.
      9200 West 55 St, Mc Cook, IL 60525
      View Details
    • Contact for pricing

      Countryside Commercial Space For Rent

      First floor commercial space with great exposure on busy street.
      6502 Joliet Rd, Countryside, IL 60525
      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.
    4900 Riverside Dr
    Mc Cook, IL 60525-3395
    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.