Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9812 Cicero Ave Oak Lawn, IL 60453-3104
    Back to Search
    Property profile & analytics

    9812 Cicero Ave, Oak Lawn, IL 60453-3104

    View on Map
    • Retail residential properties
    • 0.38 lot acres
    Off-Market
    Last Sale Jun 11, 2025
    Property ID
    US28-1812201
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HRE Real Estate Services / Real Estate Agency
    • John Sintich Real Estate / Real Estate Agency
    • Checkmark Home Loans / Loan Service / Bank

    Property Details for 9812 Cicero Ave

    Year built
    1963
    Lot size
    0.38 lot acres
    Property type
    Retail residential properties
    APN
    24-09-220-032
    APU
    2409220032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 11, 2025 — Trust Number 9002349482 Kriengkrai Kittivanichkulkrai Warranty Deed —
    Jul 8, 2019 $500,000 Kriengkrai Kittivanikulkrai Leinweber Lillian Grant Deed $358k · Us Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oak Lawn
    County
    Cook
    State
    Illinois
    Longitude
    -87.741
    Latitude
    41.714
    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
    $20,956
    $14,046
    $41,278
    $55,324
    -
    $140,460
    $412,780
    $553,240

    Comparable in this City

    • Value Estimation by Request
      1,446 SF

      9729 Swsw Hwy, Unit 2A

      STORES & APARTMENTS
      9729 Swsw Hwy, Oak Lawn, IL 60453-6281
      View Details
    • Value Estimation
      $885,000
      5,762 SF

      9729 Swsw Hwy

      STORES & APARTMENTS
      9729 Swsw Hwy, Oak Lawn, IL 60453-6281
      View Details
    • Value Estimation
      $1,375,000
      0.16 Acres

      9501 Kolin Ave

      STORES & APARTMENTS
      9501 Kolin Ave, Oak Lawn, IL 60453-3200
      View Details
    • Value Estimation
      $3,130,000
      5.26 Acres

      4700 103rd St

      STORES & APARTMENTS
      4700 103rd St, Oak Lawn, IL 60453-4706
      View Details
    • Value Estimation by Request
      0.16 Acres

      4243 95th St

      STORES & APARTMENTS
      4243 95th St, Oak Lawn, IL 60453-2673
      View Details
    • Value Estimation by Request
      0.16 Acres

      4219 95th St

      STORES & APARTMENTS
      4219 95th St, Oak Lawn, IL 60453-2648
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Multi-Unit Commercial Building

      Multi-unit commercial building in Oak Lawn with immediate income potential.
      9725 Southwest Hwy, Oak Lawn, IL 60453
      View Details
    • $750,000
      6,790 SF

      Mixed-Use Building with Income Potential

      Mixed-use property featuring commercial spaces and residential units.
      5307 West 95Th St, Oak Lawn, IL 60453
      View Details
    • $1,999,000

      Oak Lawn Multi-Tenant Industrial Building

      21,460 SF industrial building, 100% occupied, investment opportunity.
      5530 W 110Th St, Oak Lawn, IL 60453
      View Details
    • Contact for pricing
      6,279 SF

      Iconic Oak Lawn Retail Opportunity

      Landmark building with retail center in high-traffic area.
      5540 W 95Th St, Oak Lawn, IL 60453
      View Details
    • $322,500
      Pending

      Oak Lawn Multifamily Home

      Two-unit multifamily home with eight bedrooms in Oak Lawn.
      9312 S Kolmar Ave, Oak Lawn, IL 60453
      View Details
    • Contact for pricing
      77,803 SF

      Former Northwestern College Building Available

      Multi-story building with classrooms, offices, and high-traffic location.
      9400 S Cicero Ave, Oak Lawn, IL 60453
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Oak Lawn

      Retail spaces available in high-traffic Oak Lawn shopping center.
      5129-5145 W 95Th St, Oak Lawn, IL 60453
      View Details
    • Contact for pricing

      Retail Space with Ample Parking

      Retail property with high visibility and abundant parking.
      4830 West 111Th St, Oak Lawn, IL 60453
      View Details
    • Sponsored
      Contact for pricing

      IL, Chicago - N Clark St

      Flexible workspace in IL, Chicago - N Clark St
      2828 Clark St, Chicago, IL 60453
      View Details
    • Contact for pricing
      7,740 SF

      Oak Lawn Retail Development

      New retail development with drive-thru, outlot parcel, and signage.
      10301-10345 Central Ave, Oak Lawn, IL 60453
      View Details
    • New
      Contact for pricing
      5,449 SF

      Multi-Unit Storefront Leasing

      Three available storefronts offer flexible space for retail, office, medical, and professional uses, with combination options.
      5307 W 95Th St, Oak Lawn, IL 60453
      View Details
    • Contact for pricing

      Oak Lawn Office Space Available

      Office space for lease in a well-maintained Oak Lawn building.
      10522 S Cicero Ave, Oak Lawn, IL 60453
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9812 Cicero Ave
    Oak Lawn, IL 60453-3104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9812 Cicero Ave, Oak Lawn, IL, 60453
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!