PerchChicago
Board detail · Permit #1-03366
FScore 33/100
top 83% citywide

Milwaukee Ave billboard — Norwood Park

Weak site — low traffic and/or visibility. Likely not worth pursuing on its own.

#11 of 11 boards in Norwood Park by score

6137-6141, North Elston Avenue, Norwood Park, Chicago

For context: many commercial real estate investors target cap rates in the 5–8% range. This board's modeled 24.9% is above that band — not a substitute for your own diligence, but a starting comparison.

Street View ↗
We don't have photos yet; this is the closest thing to one.

The pin is the GPS point on this board's IDOT permit, so the street address is approximate and the sign may sit a little off from it. A permit can also stay on file after a sign comes down. Tip: choose See more dates in Street View to check earlier images. Don't see it? Tell us.

Ask Perch about this board
Submit data by email
Location
NeighborhoodNorwood Park ↗
RouteMilwaukee Ave
Nearest roadElston Ave
Nearby billboards4 within 0.25 mi
Report card
Traffic
F
8,150 vehicles a day
Visibility
D
route type and distance to the road
Audience
B
area income and population
Value
C
$7.10 per 1,000 views vs. $7 benchmark
Competition
C
4 other structures within 0.25 mi (A means uncluttered)

The overall grade blends traffic, visibility, and audience. Value and competition are extra lenses and are not in the overall score. See Methodology.

Site quality
Traffic score
7/100
Visibility score
50/100
Demo fit score
77/100

Composite 33 = traffic 3.9 (55%) + visibility 10 (20%) + demo fit 19.3 (25%).

Who sees it
Vehicles passing daily8,150 (2022)
Est. monthly reach~155,000
Area income$109,242 · 72nd pctl
Area population5,582 · 84th pctl

Reach is a modeled vehicle-pass estimate (traffic × visibility), not a verified impressions count. Income/population are for the Census tract this board sits in — percentile is rank among all Chicago tracts in this dataset (higher = wealthier/denser).

The money
Perch Estimate / month
$750–$1,250
Perch Estimate / year
$13,200
Effective CPM
$7.10
Modeled valuation
~$53,000
Est. cap rate
24.9%
Payback period
~4 yrs
Permit
#1-03366

Revenue modeled from traffic × visibility at a $7 CPM (cost per 1,000 impressions/month — the standard way outdoor ad space is priced) benchmark, clamped to real Chicago market ranges by road type (source: public OOH rate data, see Methodology). Valuation assumes a 4× annual-revenue multiple (rough rule of thumb, not a real appraisal or listing).

Effective CPM works out to $7.10 per 1,000 modeled monthly views, vs. the $7 Chicago benchmark — at model benchmark — fairly priced.

Nearby competition

Closest 3 structures within 0.25 mi, all competing for the same eyeballs. Separate faces of one sign are grouped into a single row.

View this billboard on the interactive map →

Data as of September 2026