Property profile

5516 Magnolia Ave 1 Chicago, IL 60640

OFF-MARKET
Residential income homes
Property ID
US28-1642006
3,254 SF 0.14 ac lot Built 1905
Individually Owned 24-yr Hold Free & Clear
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1905
Total area 3,254 SF
Lot 0.14 ac (6,150 SF)
APN 14-08-105-027
UPID US28-1642006

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

5516 Magnolia Ave, Unit 1 Chicago, IL 60640-0999
Chicago metro Census 30800 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$835k
Comparable Approach Comparable
$540k
Blend (final) Blend
$305k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.1M +27.1%
Retail stores $925,000 +6.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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