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    589 York St, Unit 91 Elmhurst, IL 60126-4483
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    Property profile & analytics

    589 York St, Unit 91, Elmhurst, IL 60126-4483

    View on Map
    • Office buildings
    • 3,455 SF
    • 0.30 lot acres
    Off-Market
    Property ID
    US28-1455399
    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
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SAWYER FALDUTO ASSET MANAGEMENT, LLC / Corporate Office / Financial Advisor
    • hundred club of dupage / Association / Organization
    • James Czarnecki / Alternative Medicine Practice

    Property Details for 589 York St

    Year built
    1942
    Lot size
    0.30 lot acres
    Zone code
    C
    Property type
    Office buildings
    APN
    06-12-312-001
    APU
    612312001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2016 $800,000 589-91 S York LLC Terra Group LLC Warranty Deed $600k · Community Bk/elmhurst
    May 23, 2001 — Terra Group LLC Knighton Construction INC Grant Deed · related —
    May 11, 1998 $400,000 Knighton Construction INC Mazzie,daniel & Eva J Grant Deed $200k · Seller
    — — Knighton Construction INC — Deed Of Trust · related $500k · Community Bank Elmhurst
    — — Terra Group LLC — Deed Of Trust · related $593k · Weinberg Servicing LLC
    — — Terra Group LLC — Deed Of Trust · related $440k · American Midwest Bank
    — — Terra Group LLC — Deed Of Trust · related $104k · Knighton P S Living Trust (lt)
    — — Terra Group LLC — Deed Of Trust · related $104k · Roy E Knighton JR
    — — Terra Group LLC — Deed Of Trust · related $500k · Private Bank & Trust Co
    — — Knighton Construction INC — Deed Of Trust · related $420k · National Bank Commerce Tr & Sa
    — — Terra Group LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $845,000
      6.5%
      $780,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $890,000
      Market price range: $404k - $891k
      AI Estimate
      $608,000
      Market price range: $257k - $612k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $620,000
      Current use
      AUTO REPAIR, GARAGE
      $1,220,000
      Change: +97% Conversion: Difficult
      MEDICAL BUILDING
      $780,000
      Change: +26% Conversion: Easy
      RETAIL STORES
      $745,000
      Change: +20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Dupage
    State
    Illinois
    Longitude
    -87.939
    Latitude
    41.8821
    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
    2023
    $14,877
    $88,970
    $156,090
    $245,060
    -
    $266,910
    $468,270
    $735,180

    Comparable in this City

    • Value Estimation by Request
      3,750 SF

      115 Adelaide St

      OFFICE BUILDING
      115 Adelaide St, Elmhurst, IL 60126-3398
      View Details
    • Value Estimation
      $2,010,000
      16,716 SF

      112 York St

      OFFICE BUILDING
      112 York St, Elmhurst, IL 60126-3451
      View Details
    • Value Estimation
      $1,335,000
      11,845 SF

      257 Ave

      OFFICE BUILDING
      257 Ave, Elmhurst, IL 60126-2529
      View Details
    • Value Estimation by Request
      3,927 SF

      340 Butterfield Rd

      OFFICE BUILDING
      340 Butterfield Rd, Elmhurst, IL 60126-5069
      View Details
    • Value Estimation by Request
      3,855 SF

      340 Butterfield Rd Ste 1a

      OFFICE BUILDING
      340 Butterfield Rd Ste 1a, Elmhurst, IL 60126-5047
      View Details
    • Value Estimation by Request
      0.16 Acres

      105 Maple Ave

      OFFICE BUILDING
      105 Maple Ave, Elmhurst, IL 60126-2658
      View Details

    Similar Nearby for Sale

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      Elmhurst Office Building For Sale

      26,562 SF office building with executive suites and parking.
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      Elmhurst Professional Office Building

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      Modern Office Building For Sale

      Well-maintained office building with high traffic and modern construction.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Elmhurst Three-Story Office Building

      Three-story office building in downtown Elmhurst near amenities and transportation.
      110 Schiller St, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Elmhurst Professional Office Suites

      Elmhurst office building with executive suites for lease.
      533 W North Ave, Elmhurst, IL 60126
      View Details
    • $25 SF/Yr
      3,600 SF

      Downtown Elmhurst Restaurant Space

      3,600 SF Restaurant, Prime Location
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      Office/Flex Space For Lease

      Single-story office/flex space available for lease.
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      View Details
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      Haven Professional Building Office Space

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      View Details
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    Elmhurst, IL 60126-4483
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    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
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