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    Property profile & analytics

    505 Nwnw Ave Northlake, IL 60164-1662

    • Commercial real estate
    • 15.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 11, 2023
    Location Intelligence
    Property ID
    US28-0963090
    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

    • Commercial real estate

    Property Details for 505 Nwnw Ave

    Year built
    1968
    Lot size
    15.00 lot acres
    Property type
    Commercial real estate
    APN
    12-31-301-021
    APU
    1231301021

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Northlake
    County
    Cook
    State
    Illinois
    Longitude
    -87.9174
    Latitude
    41.9131
    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
    $1,323,557
    $1,102,391
    $2,455,448
    $3,557,839
    -
    $4,409,564
    $9,821,792
    $14,231,356

    Comparable in this City

    • Value Estimation by Request
      0.40 Acres

      205 Diversey Ave

      COMMERCIAL (GENERAL) • 0.40 Acres
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    • Value Estimation by Request
      0.08 Acres

      3 Fullerton Ave

      COMMERCIAL (GENERAL) • 0.08 Acres
      3 Fullerton Ave, Northlake, IL 60164
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    • Value Estimation by Request
      2.60 Acres

      11645 Grand Ave

      COMMERCIAL (GENERAL) • 2.60 Acres
      11645 Grand Ave, Northlake, IL 60164-1302
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    • Value Estimation by Request
      0.27 Acres

      2318 Mannheim Rd

      COMMERCIAL (GENERAL) • 0.27 Acres
      2318 Mannheim Rd, Melrose Park, IL 60164-1840
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    • Value Estimation by Request
      0.17 Acres

      164 Wn Ave

      COMMERCIAL (GENERAL) • 0.17 Acres
      164 Wn Ave, Melrose Park, IL 60164
      View Details
    • Value Estimation by Request
      0.14 Acres

      100 Nn

      COMMERCIAL (GENERAL) • 0.14 Acres
      100 Nn, Melrose Park, IL 60164
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Northlake Retail Investment Opportunity

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      Prime location suitable for retail, restaurant, and mixed-use development.
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    • New
      $399,900
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      Commercial Building on Mannheim Road

      Free-standing commercial building on a high-traffic corridor.
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    • $35,000
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      Residential Lot in Melrose Park

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    Similar Nearby for Lease

    • Contact for pricing

      Northlake Retail/Office Space Available

      Retail or office space available on high traffic North Ave.
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      48,342 SF

      Melrose Park Warehouse with Office

      48,342 SF warehouse with office space and parking.
      11697 W Grand Ave, Melrose Park, IL 60164
      View Details
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    505 Nwnw Ave
    Northlake, IL 60164-1662
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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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