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    7100 Sheridan Rd, Unit 10 Chicago, IL 60626-5800
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    Property profile & analytics

    7100 Sheridan Rd, Unit 10 Chicago, IL 60626-5800

    View on Map
    • Retail residential properties
    • 5,700 SF
    • 0.44 lot acres
    Off-Market
    Property ID
    US28-0873437
    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
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Maynard at 7100 N. Sheridan / Apartment Building
    • European Tailors & Cleaners - Same Day Alteration Service / (Bike/Boat/Book/etc) Store

    Property Details for 7100 Sheridan Rd

    Year built
    1927
    Lot size
    0.44 lot acres
    Property size
    5,700 SF
    Property type
    Retail residential properties
    APN
    11-32-102-013
    APU
    1132102013

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $673,000
      Market price range: $146k - $673k

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6635
    Latitude
    42.0119
    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
    $97,477
    $32,265
    $441,654
    $473,919
    -
    $322,650
    $4,416,540
    $4,739,190

    Comparable in this City

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      $1,300,000
      5,820 SF

      7421 Sheridan Rd

      STORES & APARTMENTS • 5,820 SF
      7421 Sheridan Rd, Chicago, IL 60626-2011
      View Details
    • Value Estimation
      $505,000
      3,000 SF

      7407 Clark St

      STORES & APARTMENTS • 3,000 SF
      7407 Clark St, Chicago, IL 60626-1619
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    • Value Estimation
      $660,000
      4,100 SF

      6652 Clark St

      STORES & APARTMENTS • 4,100 SF
      6652 Clark St, Chicago, IL 60626-4068
      View Details
    • Value Estimation
      $1,040,000
      5,100 SF

      7600 Paulina St

      STORES & APARTMENTS • 5,100 SF
      7600 Paulina St, Chicago, IL 60626-1018
      View Details
    • Value Estimation
      $795,000
      6,100 SF

      6609 Clark St

      STORES & APARTMENTS • 6,100 SF
      6609 Clark St, Chicago, IL 60626-4003
      View Details
    • Value Estimation by Request
      2,916 SF

      1334 Morse Ave

      STORES & APARTMENTS • 2,916 SF
      1334 Morse Ave, Chicago, IL 60626-3903
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,450 SF

      Mixed-Use Building with Retail Spaces

      Fully occupied mixed-use building with residential and commercial units.
      6600 N Clark St, Chicago, IL 60626
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    • New
      $639,000
      0.07 Acres

      Rogers Park Mixed-Use Opportunity

      Mixed-use property near the lake and transportation in Chicago.
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      38,504 SF

      Rogers Park Multi-Building Investment Opportunity

      Multi-building property with office, flex, and industrial tenants.
      6415-33 N Ravenswood Ave, Chicago, IL 60626
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    • $6,000,000

      22-Unit Multifamily Building in Chicago

      Remodeled 22-unit apartment building with parking in Rogers Park.
      1508-1512 W Farwell Ave, Chicago, IL 60626
      View Details
    • $2,300,000

      Sheridan Road Multifamily Investment Opportunity

      23-unit multifamily property near Lake Michigan with recent upgrades.
      7661 N Sheridan Rd, Chicago, IL 60626
      View Details
    • $10,250,000

      Rogers Park Self Storage Facility

      Self-storage building in Rogers Park neighborhood of Chicago.
      6542 N Clark St, Chicago, IL 60626
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail and restaurant spaces available for lease.
      7537 N Clark St, Chicago, IL 60626
      View Details
    • Contact for pricing

      Retail Space on Clark Street

      End-cap retail space with excellent visibility on Clark Street.
      6725 North Clark St, Chicago, IL 60626
      View Details
    • Contact for pricing

      Retail Space Near Loyola Campus

      Storefront in a 152-unit building near Loyola University.
      6466 N Sheridan Rd, Chicago, IL 60626
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space Available for Lease

      Retail space available for lease in Chicago, Illinois.
      1763 W Howard St, Chicago, IL 60626
      View Details
    • Contact for pricing

      Retail Space Near Howard Stop

      Retail space in renovated building near Jewel, LA Fitness, Marshalls.
      7537 N Clark St, Chicago, IL 60626
      View Details
    • Contact for pricing

      Rogers Park Flex/Office/Creative Suite

      1,200 SF flex/office/creative suite for lease in Rogers Park.
      6415 N Ravenswood Ave, Chicago, IL 60626
      View Details
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    Chicago, IL 60626-5800
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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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