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    Property profile & analytics

    7843 Grand Ave Elmwood Park, IL 60707

    • Industrial properties
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Last Sale
    Feb 11, 2020
    $250,000
    Location Intelligence
    Property ID
    US28-5508193
    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 7843 Grand Ave

    Year built
    1992
    Lot size
    0.07 lot acres
    Property type
    Industrial properties
    APN
    12-25-321-001
    APU
    1225321001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elmwood Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8232
    Latitude
    41.9264
    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
    $2,464
    $8,120
    $270
    $8,390
    -
    $32,480
    $1,080
    $33,560

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      6453 Grand Ave

      INDUSTRIAL (GENERAL) • 0.07 Acres
      6453 Grand Ave, Elmwood Park, IL 60707
      View Details
    • Value Estimation by Request
      1.15 Acres

      6500 Armitage Ave

      INDUSTRIAL (GENERAL) • 1.15 Acres
      6500 Armitage Ave, Chicago, IL 60707
      View Details
    • Value Estimation by Request
      96,200 SF

      6630 Wrightwood Ave

      INDUSTRIAL (GENERAL) • 96,200 SF
      6630 Wrightwood Ave, Chicago, IL 60707-2228
      View Details
    • Value Estimation
      $795,000
      399,000 SF

      6652 Armitage Ave

      INDUSTRIAL (GENERAL) • 399,000 SF
      6652 Armitage Ave, Elmwood Park, IL 60707
      View Details
    • Value Estimation
      $440,000
      399,000 SF

      2211 Oak Park Ave

      INDUSTRIAL (GENERAL) • 399,000 SF
      2211 Oak Park Ave, Chicago, IL 60707-3351
      View Details
    • Value Estimation by Request
      399,000 SF

      2201 Oak Park Ave

      INDUSTRIAL (GENERAL) • 399,000 SF
      2201 Oak Park Ave, Elmwood Park, IL 60707
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,033 SF

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      First-Floor Unit Near Elmwood Park

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    Similar Nearby for Lease

    • $8 SF/Yr
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      Lease storage space with interior docks and drive-in door.
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      3,700 SF warehouse with freezers and coolers for rent.
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      Brickyard Retail Pad Site Opportunity

      Prime 1-acre pad, build-to-suit options.
      6655 Grand Ave, Chicago, IL 60707
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    • $2,500 /Mo

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      Updated three-bedroom apartment with modern finishes, deck, and parking.
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    • Contact for pricing
      9,990 SF

      Grocery Anchored Retail Space

      High-performing retail space in a dense Chicago market.
      6560 W Fullerton Ave, Chicago, IL 60707
      View Details
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    7843 Grand Ave
    Elmwood Park, IL 60707
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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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