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    Property profile & analytics

    8318 47th St Lyons, IL 60534-1723

    • Residential income homes
    • 3,498 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US28-2377166
    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

    • Balkan Express Inc / Trucking Company
    • Spirit Logistics, Inc. / Logistics Service

    Property Details for 8318 47th St

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.09 lot acres
    Property size
    3,498 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    18-02-419-017
    APU
    1802419017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $200,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $220,000
      Mixed-Use
      $215,000
      Hospitality
      $225,000
      Educational
      $215,000
      Residential Income
      $250,000
      Energy
      $190,000
      Income-Based Land
      $210,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Lyons
    County
    Cook
    State
    Illinois
    Longitude
    -87.8288
    Latitude
    41.8061
    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
    $4,873
    $2,046
    $11,367
    $13,413
    -
    $20,460
    $113,670
    $134,130

    Comparable in this City

    • Value Estimation by Request
      2,211 SF

      4221 Anna Ave, Unit B

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,211 SF
      4221 Anna Ave, Lyons, IL 60534-1015
      View Details
    • Value Estimation by Request
      3,789 SF

      8039 White Ave, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,789 SF
      8039 White Ave, Lyons, IL 60534-1100
      View Details
    • Value Estimation by Request
      3,045 SF

      7240 38th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,045 SF
      7240 38th Pl, Lyons, IL 60534-1203
      View Details
    • Value Estimation by Request
      1,835 SF

      7225 38th Pl, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,835 SF
      7225 38th Pl, Lyons, IL 60534-1491
      View Details
    • Value Estimation by Request
      2,996 SF

      8725 44th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,996 SF
      8725 44th St, Lyons, IL 60534-2953
      View Details
    • Value Estimation by Request
      3,108 SF

      4049 Gage Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,108 SF
      4049 Gage Ave, Lyons, IL 60534-2251
      View Details

    Similar Nearby for Sale

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      Pending

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      7833 Ogden Ave, Lyons, IL 60534
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      Lyons, IL Multifamily Investment Opportunity

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    • $1,580,000

      Lyons, IL Multifamily Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      1,289 SF

      Ogden Ave Retail Space Available

      High-traffic retail space, prime location.
      8499 Ogden Ave, Lyons, IL 60534
      View Details
    • Contact for pricing
      60,413 SF

      Industrial Space For Lease

      Up to 60,413 square feet of industrial space available.
      8001 47Th St, Lyons, IL 60534
      View Details
    • $9 SF/Yr
      28,107 SF

      Refrigerated Facility with Office Space

      Refrigerated facility featuring freezer space, shipping area, and office.
      8424 W 47Th St, Lyons, IL 60534
      View Details
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    8318 47th St
    Lyons, IL 60534-1723
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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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