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Financial
Distress signals
Property profile

7621 S Cottage Grove Ave Chicago, IL 60619

FOR SALE
Motels
Property ID
US28-1793748
0.07 ac lot Built 1974
Last sale Dec 2020 · $1,849,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a three-story motel building constructed in 1974, arranged in an exterior-corridor configuration with 34 guest rooms. A separate restaurant building is positioned at the front of the site. Total building area is approximately 18,000 square feet on a 13,392 square foot land parcel. Parking is provided on the main level for the lodging use, and the motel has operated with a non-franchise license. The property is located in Chicago’s Chatham neighborhood on the South Side, within…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$17k
Tax billed · 2022
Assessed value$69k
Assessed land$7k
Assessed improvement$62k
Effective rate25.28%

Value estimate

· Oct 2026
$2.15M
$1.94M – $2.37M
AI approach$2.19M
NOI build-up
Gross scheduled income$324k
Vacancy & credit loss−$39k
Operating expenses−$150k
NOI · 6.16% cap applied$135k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$172/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$131 – $226

Cap rate analysis

How does the asset earn?
6.16%
$135k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm19.4
Kitchen & Bath13.7
Pawn Shop11.2

Location

7621 S Cottage Grove Ave Chicago, IL 60619
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 12 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9112 Cottage Grv, Chicago, IL 60619 $2,500,000 Jun 2024 6,400 SF
7623 Cottage Grv, Chicago, IL 60619 $1,849,500 Dec 2020 No data
7613 Cottage Grv, Chicago, IL 60619 $1,849,500 Dec 2020 No data
7615 Cottage Grv, Chicago, IL 60619-2516 $1,849,500 Dec 2020 900 SF
7619 Cottage Grv, Chicago, IL 60619 $1,849,500 Dec 2020 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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