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    Property profile & analytics

    9216 Grand Ave Franklin Park, IL 60131-3072

    • Residential income homes
    • 3,836 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $125,000
    Last Sale
    Jul 12, 2022
    $115,000
    Location Intelligence
    Property ID
    US28-2296551
    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

    • First Four Biomechanics / Personal Trainer / Gym
    • Alca Instruments / Distribution Service

    Property Details for 9216 Grand Ave

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    3,836 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    12-27-303-024
    APU
    1227303024

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $110,000
      6.5%
      $110,000
      7%
      $120,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $120,000
      Geo Method
      $120,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $100,000
      Retail
      $120,000
      Mixed-Use
      $95,000
      Hospitality
      $90,000
      Educational
      $95,000
      Residential Income
      $90,000
      Energy
      $95,000
      Income-Based Land
      $100,000
      Food Service
      $100,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8561
    Latitude
    41.9295
    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
    $10,373
    $6,393
    $26,340
    $32,733
    -
    $63,930
    $263,400
    $327,330

    Comparable in this City

    • Value Estimation by Request
      2,250 SF

      10421 Ctr Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,250 SF
      10421 Ctr Ave, Franklin Park, IL 60131-2477
      View Details
    • Value Estimation by Request
      2,657 SF

      2930 Edgington St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,657 SF
      2930 Edgington St, Franklin Park, IL 60131-2973
      View Details
    • Value Estimation by Request
      1,907 SF

      3050 Gustav St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,907 SF
      3050 Gustav St, Franklin Park, IL 60131-2909
      View Details
    • Value Estimation by Request
      4,300 SF

      9761 Franklin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,300 SF
      9761 Franklin Ave, Franklin Park, IL 60131-1853
      View Details
    • Value Estimation by Request
      4,428 SF

      9520 Franklin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,428 SF
      9520 Franklin Ave, Franklin Park, IL 60131-2741
      View Details
    • Value Estimation by Request
      6,156 SF

      9463 Franklin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,156 SF
      9463 Franklin Ave, Franklin Park, IL 60131-2832
      View Details

    Similar Nearby for Sale

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    • New
      $499,000

      Franklin Park Multifamily Property

      Two-unit building on a double lot with finished basement.
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    • $959,000
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      Prime Retail Location, High Visibility
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    • Contact for pricing
      66,000 SF

      Industrial Property with Office Space

      Industrial property featuring warehouse, storage, and office space.
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    Similar Nearby for Lease

    • $11 SF/Yr
      88,210 SF

      Franklin Park Warehouse Space Available

      Ideal Industrial Units, Dock Access
      10915-10929 Franklin Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing
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      Meticulously maintained warehouse with heavy power and parking.
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      View Details
    • $5 SF/Yr
      33,255 SF

      Franklin Park Warehouse/Showroom Space

      33,255 SF available with docks and ample parking.
      10433 Seymour Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      5,900 SF

      Retail Space on Mannheim Road

      Grocery-anchored retail space with high visibility and ample parking.
      2745 Mannheim Rd, Franklin Park, IL 60131
      View Details
    • $15 SF/Yr
      782 SF

      Retail Space with Ample Parking

      Retail space featuring ample parking and flexible layouts available for rent.
      10035 Grand Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      87,417 SF

      O'Hare Area Warehouse Space

      87,417 SF warehouse space in prime O’Hare area.
      9100 W Belmont Ave, Franklin Park, IL 60131
      View Details
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    9216 Grand Ave
    Franklin Park, IL 60131-3072
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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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