Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6101 Nn Ave, Unit 7 Oak Park, IL 60302-1124
    Back to Search
    Property profile & analytics

    6101 Nn Ave, Unit 7, Oak Park, IL 60302-1124

    View on Map
    • Retail residential properties
    • 0.33 lot acres
    Off-Market
    Property ID
    US28-5452142
    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

    • T J Dry Cleaners / (Bike/Boat/Book/etc) Store
    • The Righteous Way of Living Ministries / Church

    Property Details for 6101 Nn Ave

    Year built
    1926
    Lot size
    0.33 lot acres
    Property type
    Retail residential properties
    APN
    16-05-104-007
    APU
    1605104007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 5, 2021 — Sc Real Estate LLC — Deed · related $1.8M · Aloha Capital LLC
    Jun 20, 2019 — Sc Real Estate LLC Trust Number 8002357932 Grant Deed · related $1.7M · Aloha Cap LLC
    Sep 29, 2011 — Community Investment Corp Judicial Sales Corp Trustees Deed · related —
    Oct 2, 2009 — Trust 8002350556 — Trustees Deed · related $66k · Community Investment Corp
    May 28, 2008 $2,000,000 Chicago Title Land Trust Co Midwest Bank & Trust Grant Deed $1.9M · Community Investment Corp
    Nov 22, 2005 — Trust 85-10-4833 — Deed Of Trust · related $1.5M · Midwest Bank & Trust Co
    May 6, 2002 $1,205,000 Midwest Bank & Trust Co Ttee Lasalle Bank NA Trustee Grant Deed · related $900k · Midwest Bank & Trust Co
    — — American Nat'l Bk & Tr Co Chic — Deed Of Trust · related $25k · First National Bank Chicago
    — — Midwest Bank & Trust Co Ttee — Deed Of Trust · related $1M · Midwest Bank & Trust Co

    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
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7785
    Latitude
    41.9089
    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
    $97,920
    $35,707
    $219,293
    $255,000
    -
    $357,070
    $2,192,930
    $2,550,000

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      6933 Nn Ave

      STORES & APARTMENTS
      6933 Nn Ave, Oak Park, IL 60302-1024
      View Details
    • Value Estimation by Request
      0.32 Acres

      171 Oak Park Ave

      STORES & APARTMENTS
      171 Oak Park Ave, Oak Park, IL 60302-5125
      View Details
    • Value Estimation by Request
      0.14 Acres

      649 Madison St

      STORES & APARTMENTS
      649 Madison St, Oak Park, IL 60302-4422
      View Details
    • Value Estimation
      $1,540,000
      9,672 SF

      56 Chicago Ave

      STORES & APARTMENTS
      56 Chicago Ave, Oak Park, IL 60302-2409
      View Details
    • Value Estimation
      $1,305,000
      0.14 Acres

      6149 Nn Ave

      STORES & APARTMENTS
      6149 Nn Ave, Oak Park, IL 60302-1282
      View Details
    • Value Estimation by Request
      0.36 Acres

      401 Ss Blvd

      STORES & APARTMENTS
      401 Ss Blvd, Oak Park, IL 60302-2904
      View Details

    Similar Nearby for Sale

    • $475,000
      Pending

      Oak Park Mixed-Use Property

      Mixed-use property in prime Oak Park location.
      1140 Erie St, Oak Park, IL 60302
      View Details
    • $449,000
      0.04 Acres

      Oak Park Mixed-Use Investment

      High-traffic location with retail and residential income potential.
      97 Harlem Ave, Oak Park, IL 60302
      View Details
    • $702,000

      Oak Park Multifamily Redevelopment Opportunity

      Residential zoned property in Oak Park with redevelopment potential.
      316 N Austin Blvd, Oak Park, IL 60302
      View Details
    • Contact for pricing

      Two-Story Office Building in Oak Park

      6,700 SF office building with 54% occupancy in Oak Park.
      6955 W North Ave, Oak Park, IL 60302
      View Details
    • $711,771

      NNN Property in Oak Park

      NNN property with zero landlord responsibilities in Oak Park.
      240 Chicago Ave, Oak Park, IL 60302
      View Details
    • Contact for pricing

      Two-Story Office Building in Oak Park

      Two-story office building with 15 units and ample parking.
      6957 Forest Ave, Oak Park, IL 60302
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr

      Retail Space in Oak Park

      Flexible retail space with parking near downtown Oak Park.
      1023-25 W Madison St W, Oak Park, IL 60302
      View Details
    • Contact for pricing
      2,482 SF

      Oak Park Retail Investment Opportunity

      Value-add investment in booming Oak Park with stable income.
      316-324 Lake St, Oak Park, IL 60302
      View Details
    • $12 SF/Yr

      Retail Space with High Ceilings

      Large open retail space, a blank canvas, perfect for anything.
      7 Lake St, Oak Park, IL 60302
      View Details
    • Contact for pricing

      Oak Park Office Building

      Two-story office building in Oak Park with suites available.
      6955 W North Ave, Oak Park, IL 60302
      View Details
    • Contact for pricing

      Commercial Space Available for Lease

      Commercial property available for lease in Oak Park, Illinois.
      7101 W North Ave, Oak Park, IL 60302
      View Details
    • Contact for pricing
      1,600 SF

      Retail Center at North & Harlem

      Multi-tenant retail center with high traffic and redevelopment potential.
      7101-7123 W North Ave, Oak Park, IL 60302
      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.
    6101 Nn Ave, Unit 7
    Oak Park, IL 60302-1124
    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
    6101 Nn Ave, Oak Park, IL, 60302
    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!