Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    6059 Oak Park Ave Chicago, IL 60638-4011
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6059 Oak Park Ave Chicago, IL 60638-4011

    View on Map
    • Industrial properties
    • 4,500 SF
    • 0.07 lot acres
    Off-Market
    Property ID
    US28-1401251
    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

    • Top Notch Sewing Solutions / Factory / Production Facility

    Property Details for 6059 Oak Park Ave

    Year built
    1974
    Lot size
    0.07 lot acres
    Property size
    4,500 SF
    Property type
    Industrial properties
    APN
    19-18-406-024
    APU
    1918406024

    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
    -87.7908
    Latitude
    41.7813
    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
    $9,202
    $6,458
    $38,279
    $44,737
    -
    $25,832
    $153,116
    $178,948

    Comparable in this City

    • Value Estimation by Request
      8.32 Acres

      7020 Archer Ave

      INDUSTRIAL (GENERAL) • 8.32 Acres
      7020 Archer Ave, Bedford Park, IL 60638
      View Details
    • Value Estimation by Request
      3.57 Acres

      5502 47th St

      INDUSTRIAL (GENERAL) • 3.57 Acres
      5502 47th St, Chicago, IL 60638-1809
      View Details
    • Value Estimation by Request
      3.81 Acres

      5400 47th St

      INDUSTRIAL (GENERAL) • 3.81 Acres
      5400 47th St, Chicago, IL 60638
      View Details
    • Value Estimation by Request
      2.48 Acres

      6501 65th St

      INDUSTRIAL (GENERAL) • 2.48 Acres
      6501 65th St, Bedford Park, IL 60638-4900
      View Details
    • Value Estimation by Request
      0.02 Acres

      6800 66th Pl

      INDUSTRIAL (GENERAL) • 0.02 Acres
      6800 66th Pl, Bedford Park, IL 60638-4806
      View Details
    • Value Estimation by Request
      0.45 Acres

      6666 66th St

      INDUSTRIAL (GENERAL) • 0.45 Acres
      6666 66th St, Chicago, IL 60638-4904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      200,000 SF

      Industrial Facility in Bedford Park

      Well-maintained industrial facility on 6.46 acres in Bedford Park.
      6650 S Oak Park Ave, Bedford Park, IL 60638
      View Details
    • Contact for pricing
      88,000 SF

      Industrial Property with Heavy Power

      88,000 SF industrial space featuring heavy power and cranes.
      5443 W 70Th Pl, Chicago, IL 60638
      View Details
    • Contact for pricing
      344,450 SF

      344,450 SF Industrial Building

      344,450 SF industrial building with cranes and rail access.
      6226 W 74Th St, Chicago, IL 60638
      View Details
    • Contact for pricing

      Versatile Industrial Property Near I-55

      82,855 SF industrial building with heavy power and ample parking.
      6155 South Harlem Ave, Chicago, IL 60638
      View Details
    • Contact for pricing
      84,461 SF

      84,461 SF Manufacturing/Warehouse Facility

      84,461 SF manufacturing/warehouse building with cooler/refrigerator space.
      7424 S Lockwood Ave, Chicago, IL 60638
      View Details
    • Contact for pricing
      68,028 SF

      Renovated Truck Terminal and Storage

      68,028 SF renovated truck terminal with ample storage.
      6363 W 73Rd St, Bedford Park, IL 60638
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      119,388 SF

      Industrial Warehouse Space Available

      Available warehouse space in Forest View, Illinois.
      South Central Ave, Forest View, IL 60638
      View Details
    • Contact for pricing
      74,320 SF

      Bedford Park Warehouse and Office

      74,320 SF warehouse with 1,500 SF office space.
      7373 S Lockwood Ave, Bedford Park, IL 60638
      View Details
    • Contact for pricing

      Versatile Industrial Property Near I-55

      Industrial property with ample power, docks, and trailer storage.
      6155 S Harlem Ave, Chicago, IL 60638
      View Details
    • Contact for pricing
      306,552 SF

      Bedford Park Warehouse Space

      306,552 SF warehouse space available for lease.
      6510 West 73Rd St, Bedford Park, IL 60638
      View Details
    • Contact for pricing
      144,322 SF

      Chicago Warehouse Space For Lease

      144,322 SF warehouse with rail access available June 2025.
      6131 W 74Th St, Chicago, IL 60638
      View Details
    • Contact for pricing
      240,560 SF

      Bedford Park Manufacturing Building Sublease

      240,560 SF manufacturing building for sublease in Bedford Park.
      5655 West 73Rd St, Bedford Park, IL 60638
      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.
    6059 Oak Park Ave
    Chicago, IL 60638-4011
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!