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    Property profile & analytics

    8601 Cermak Rd N Riverside, IL 60546-1248

    • Residential income homes
    • 3,990 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $610,000
    Last Sale
    Nov 07, 2022
    $550,000
    Location Intelligence
    Property ID
    US28-0035898
    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

    • Sophisticated Hair Artistry / Beauty Salon
    • Nu Skin Scene / Beauty Salon
    • Electrolysis By Elena / Hair Removal Service
    • Synergy Salon Suites / Beauty Salon
    • Crown’d beauty Hair by Chelly / Hair Salon

    Property Details for 8601 Cermak Rd

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    3,990 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    15-26-103-030
    APU
    1526103030

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $630,000

    • CAP approach

      CAP return
      Estimation
      6%
      $595,000
      6.5%
      $515,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $575,000
      Geo Method
      $645,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $595,000
      Mixed-Use
      $485,000
      Hospitality
      $520,000
      Educational
      $510,000
      Residential Income
      $640,000
      Energy
      $635,000
      Income-Based Land
      $645,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    N Riverside
    County
    Cook
    State
    Illinois
    Longitude
    -87.838
    Latitude
    41.8495
    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
    $11,068
    $3,810
    $34,135
    $37,945
    -
    $38,100
    $341,350
    $379,450

    Comparable in this City

    • Value Estimation by Request
      3,717 SF

      7650 26th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,717 SF
      7650 26th St, North Riverside, IL 60546-1567
      View Details
    • Value Estimation by Request
      2,376 SF

      2434 Burr Oak Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,376 SF
      2434 Burr Oak Ave, Riverside, IL 60546-1513
      View Details
    • Value Estimation by Request
      4,232 SF

      87 Groveland Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,232 SF
      87 Groveland Ave, Riverside, IL 60546-1926
      View Details
    • Value Estimation by Request
      4,200 SF

      2914 Harlem Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,200 SF
      2914 Harlem Ave, Riverside, IL 60546-1781
      View Details
    • Value Estimation by Request
      4,322 SF

      3040 Harlem Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,322 SF
      3040 Harlem Ave, Riverside, IL 60546-1710
      View Details
    • Value Estimation by Request
      5,868 SF

      2912 Lincoln Ave, Unit 1N

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,868 SF
      2912 Lincoln Ave, North Riverside, IL 60546-1631
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.32 Acres

      Prime Beardstown Commercial Land

      1.32 Acres, C-2 Zoning, Walmart Outlot
      100 Lincoln Ave, Riverside, IL 60546
      View Details
    • $375,000

      Versatile Commercial Space on Cermak

      High-visibility commercial space ideal for resale shops or offices.
      8607 W Cermak Rd, North Riverside, IL 60546
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,404,848 SF

      North Riverside Retail Space Available

      Prime Retail Space, Multiple Units Available
      7501 Cermak Rd, North Riverside, IL 60546
      View Details
    • Contact for pricing
      10,000 SF

      Prime Retail Location Available

      Outlot for ground lease or build-to-suit in North Riverside.
      7385 Cermak Rd, North Riverside, IL 60546
      View Details
    • Contact for pricing
      1,311 SF

      Retail Space Near Costco

      Former restaurant and salon space with high visibility.
      2518 Harlem Ave, Riverside, IL 60546
      View Details
    • Contact for pricing
      3,850 SF

      Retail Space on Cermak Road

      Retail space with high visibility near Route 171.
      8300-8360 W Cermak Rd, Riverside, IL 60546
      View Details
    • $24 SF/Yr
      4,769 SF

      Cermak Road Retail Space Available

      High-traffic retail space in North Riverside, IL
      8300 Cermak Rd, North Riverside, IL 60546
      View Details
    • Contact for pricing
      5,964 SF

      Riverside Retail Ground Lease Opportunity

      Prime 1-acre lot, build-to-suit, 5,964 SF.
      2516 Harlem Ave, Riverside, IL 60546
      View Details
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    8601 Cermak Rd
    N Riverside, IL 60546-1248
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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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