Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5500 Le Moyne St Chicago, IL 60651-1223
    Back to Search
    Property profile & analytics

    5500 Le Moyne St, Chicago, IL 60651-1223

    View on Map
    • Garden apartment buildings
    • 0.11 lot acres
    Off-Market
    Last Sale Mar 13, 2024
    $350,000
    Property ID
    US28-0867690
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 5500 Le Moyne St

    Year built
    1927
    Lot size
    0.11 lot acres
    Property type
    Garden apartment buildings
    APN
    16-04-101-037
    APU
    1604101037

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 13, 2024 — C & J Collins LLC Charles J Collins Intrafamily Transfer · related —
    Apr 26, 2005 — Collins Elizabeth M Trust Collins,elizabeth M Quit Claim Deed · related —
    May 16, 2002 $350,000 Elizabeth M Collins Chicago Title Land Tr Co Ttee Grant Deed $262k · Fidelity Fsb
    May 11, 2001 — Chicago Trust Co Trustee Jones,lee & Cora Quit Claim Deed · related —
    Apr 14, 2000 $160,000 Lee A Jones Smith Rothchild Financial Co Grant Deed $155k · Smith Rothchild Financial Co
    Mar 2, 2000 — Smith Rothchild Financial Co Warr,christina Quit Claim Deed · related —
    Mar 23, 1999 $135,000 Christina Warr Smith Rothchild Financial Co Grant Deed $152k · Smith Rothchild Financial Co
    Feb 22, 1999 — Smith Rothchild Financial Co Standard Bank & Trust Co Ttee Grant Deed · related —
    — — Christina Warr — Deed Of Trust · related $57k · Smith Rothchild Financial Co
    — — Christina Warr — Deed Of Trust · related $90k · Smith Rothchild Financial Co
    — — Collins E M Living Trust — Deed Of Trust · related $350k · Washington Mutual Fsb
    — — Chicago Title Land Trust Ttee — Deed Of Trust · related $200k · Citibank Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7637
    Latitude
    41.9077
    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
    $12,090
    $5,059
    $53,720
    $58,779
    -
    $50,590
    $537,200
    $587,790

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      4956 Crystal St, Unit 58

      GARDEN APT, COURT APT (5+ UNITS)
      4956 Crystal St, Chicago, IL 60651-1525
      View Details
    • Value Estimation by Request
      0.16 Acres

      1234 Laramie Ave

      GARDEN APT, COURT APT (5+ UNITS)
      1234 Laramie Ave, Chicago, IL 60651-1449
      View Details
    • Value Estimation by Request
      0.14 Acres

      4338 Walton St

      GARDEN APT, COURT APT (5+ UNITS)
      4338 Walton St, Chicago, IL 60651-3461
      View Details
    • Value Estimation
      $1,005,000
      0.21 Acres

      4305 Augusta Blvd

      GARDEN APT, COURT APT (5+ UNITS)
      4305 Augusta Blvd, Chicago, IL 60651-3431
      View Details
    • Value Estimation by Request
      0.07 Acres

      4243 Walton St, Unit 45

      GARDEN APT, COURT APT (5+ UNITS)
      4243 Walton St, Chicago, IL 60651-4448
      View Details
    • Value Estimation by Request
      4,200 SF

      4201 Division St

      GARDEN APT, COURT APT (5+ UNITS)
      4201 Division St, Chicago, IL 60651-1702
      View Details

    Similar Nearby for Sale

    • $999,999

      West Humboldt Park Multifamily Investment

      32-unit mixed-use building in need of repair.
      1015-1023 N Pulaski Rd, Chicago, IL 60651
      View Details
    • $948,000

      Residential Building in Quiet Location

      Well-maintained residential building with good rental income potential.
      855 N Lockwood Ave, Chicago, IL 60651
      View Details
    • $1,175,000

      Humboldt Park 5-Unit Building

      Well-maintained 5-unit building in Humboldt Park neighborhood.
      3417 West Evergreen Ave, Chicago, IL 60651
      View Details
    • $1,690,000

      Mixed-Use Property in North Austin

      33-unit mixed-use property with value-add potential in Chicago.
      5636-48 W Division St, Chicago, IL 60651
      View Details
    • $1,245,000

      Rehabbed Multifamily Building in Chicago

      Fully leased, rehabbed 12-unit building in West Humboldt Park.
      4855 W Cortez St, Chicago, IL 60651
      View Details
    • $324,900

      Corner Building with Proposed Plans

      Three-unit building with plans for seven-unit apartment building.
      5256 W Chicago Ave, Chicago, IL 60651
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Building For Rent

      Six-story office building with security and ample parking.
      4909 W Division St, Chicago, IL 60651
      View Details
    • Contact for pricing

      Retail Center in Business District

      Retail space in high-traffic area near national retailers.
      5215 W Chicago Ave, Chicago, IL 60651
      View Details
    • Contact for pricing
      7,841 SF

      Corner Commercial Space in Chicago

      High-traffic corner location suitable for multiple uses.
      4301 W Grand Ave, Chicago, IL 60651
      View Details
    • Contact for pricing

      Retail Spaces in Central District

      Newer retail center with spaces available in central business district.
      5215 W Chicago Ave, Chicago, IL 60651
      View Details
    • $14 SF/Yr

      Industrial Space with Flexible Zoning

      3,125 sq ft industrial/warehouse space for lease.
      1432 N Kilpatrick Ave, Chicago, IL 60651
      View Details
    • Contact for pricing
      17,500 SF

      Storage Building Near Midway Airport

      7500 SF storage building for lease near Midway Airport.
      3401 W Division St, Chicago, IL 60651
      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.
    5500 Le Moyne St
    Chicago, IL 60651-1223
    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

    Thank You for Inquiry
    5500 Le Moyne St, Chicago, IL, 60651
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!