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    Property profile & analytics

    7420 Milwaukee Ave Niles, IL 60714-3708

    • Auto shops
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $1,795,000
    Last Sale
    Jan 20, 2023
    $1,972,000
    Location Intelligence
    Property ID
    US28-5206732
    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

    • Intoxalock Ignition Interlock / Safety Equipment Supplier / Auto Electrical Service
    • Meineke Car Care Center / Auto Repair Shop
    • North Shore Motor Works / Auto Repair Shop

    Property Details for 7420 Milwaukee Ave

    Year built
    1993
    Lot size
    0.07 lot acres
    Property type
    Auto shops
    APN
    10-30-308-032
    APU
    1030308032

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,535,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,005,000
      6.5%
      $2,100,000
      7%
      $1,800,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,950,000
      Geo Method
      $1,925,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,755,000
      Retail
      $2,205,000
      Mixed-Use
      $1,955,000
      Hospitality
      $2,010,000
      Educational
      $2,400,000
      Residential Income
      $1,950,000
      Energy
      $2,110,000
      Income-Based Land
      $2,290,000
      Food Service
      $2,175,000

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Cook
    State
    Illinois
    Longitude
    -87.8054
    Latitude
    42.016
    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
    $12,096
    $10,937
    $44,602
    $55,539
    -
    $43,748
    $178,408
    $222,156

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      6637 Touhy Ave

      AUTO REPAIR, GARAGE • 0.37 Acres
      6637 Touhy Ave, Niles, IL 60714-4515
      View Details
    • Value Estimation by Request
      0.31 Acres

      6678 Harts Rd

      AUTO REPAIR, GARAGE • 0.31 Acres
      6678 Harts Rd, Niles, IL 60714-4414
      View Details
    • Value Estimation
      $495,000
      0.41 Acres

      7701 Milwaukee Ave

      AUTO REPAIR, GARAGE • 0.41 Acres
      7701 Milwaukee Ave, Niles, IL 60714-4706
      View Details
    • Value Estimation
      $13,870,000
      0.64 Acres

      8821 Milwaukee Ave

      AUTO REPAIR, GARAGE • 0.64 Acres
      8821 Milwaukee Ave, Niles, IL 60714
      View Details
    • Value Estimation
      $745,000
      0.33 Acres

      8733 Harlem Ave

      AUTO REPAIR, GARAGE • 0.33 Acres
      8733 Harlem Ave, Niles, IL 60714-2134
      View Details
    • Value Estimation
      $1,700,000
      0.33 Acres

      9600 Milwaukee Ave, Unit 6

      AUTO REPAIR, GARAGE • 0.33 Acres
      9600 Milwaukee Ave, Niles, IL 60714-1117
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $15 SF/Yr
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      Niles Garage Space For Rent

      600 SF garage space with ample parking available for rent.
      7946-7954 W Oakton St, Niles, IL 60714
      View Details
    • Contact for pricing
      1,032 SF

      Regional Retail Center Space Available

      Retail space for lease in regional shopping center.
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      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      High-visibility retail or office space in Niles, IL.
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      View Details
    • Contact for pricing
      12,000 SF

      Retail Outlot Space Available

      Proposed retail outlot space available for lease.
      9004 W Golf Rd, Niles, IL 60714
      View Details
    • Contact for pricing
      4,522 SF

      Retail Space in Niles, Illinois

      Retail space available for rent in Niles, Illinois.
      8900-8938 N Greenwood Ave, Niles, IL 60714
      View Details
    • $22 SF/Yr
      1,013 SF

      Niles Retail or Office Space

      Retail or office space with high visibility and ample parking.
      8850 N Milwaukee Ave, Niles, IL 60714
      View Details
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    Niles, IL 60714-3708
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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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