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    Property profile & analytics

    5940 Harlem Ave Summit, IL 60501-1405

    • Industrial properties
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-2832584
    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

    • Industrial properties

    Property Details for 5940 Harlem Ave

    Year built
    1988
    Lot size
    0.36 lot acres
    Property type
    Industrial properties
    APN
    18-13-408-005
    APU
    1813408005

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Cook
    State
    Illinois
    Longitude
    -87.8015
    Latitude
    41.7831
    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
    $19,353
    $41,183
    $3,673
    $44,856
    -
    $164,732
    $14,692
    $179,424

    Comparable in this City

    • Value Estimation by Request
      2.51 Acres

      6600 Harlem Ave

      INDUSTRIAL (GENERAL) • 2.51 Acres
      6600 Harlem Ave, Bedford Park, IL 60501-1930
      View Details
    • Value Estimation by Request
      1.57 Acres

      5620 Archer Rd

      INDUSTRIAL (GENERAL) • 1.57 Acres
      5620 Archer Rd, Summit, IL 60501
      View Details
    • Value Estimation by Request
      8.20 Acres

      6500 Archer Rd

      INDUSTRIAL (GENERAL) • 8.20 Acres
      6500 Archer Rd, Bedford Park, IL 60501-1933
      View Details
    • Value Estimation by Request
      0.07 Acres

      5539 Archer Rd, Unit 47

      INDUSTRIAL (GENERAL) • 0.07 Acres
      5539 Archer Rd, Summit, IL 60501-1232
      View Details
    • Value Estimation by Request
      1.74 Acres

      7738 61st Pl, Unit 40

      INDUSTRIAL (GENERAL) • 1.74 Acres
      7738 61st Pl, Summit, IL 60501
      View Details
    • Value Estimation by Request
      1.93 Acres

      7935 55th W 59th St

      INDUSTRIAL (GENERAL) • 1.93 Acres
      7935 55th W 59th St, Summit, IL 60501
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      341,887 SF

      Modern Industrial Building in Summit

      New 341,887 SF industrial space, delivery Q2 2026.
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    • Contact for pricing
      10,890 SF

      Office Space with Utilities Included

      Office space for rent with all utilities included in Summit.
      5900 S Archer Rd, Summit, IL 60501
      View Details
    • Contact for pricing
      10,890 SF

      Office Space with Utilities Included

      Office space for rent with all utilities included in Summit.
      5900 S Archer Rd, Summit, IL 60501
      View Details
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    5940 Harlem Ave
    Summit, IL 60501-1405
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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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