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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Motels
1 Franklin St Chicago, IL 60606-4611
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2272459
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1954
Lot
0.22 ac (9,630 SF)
APN
17-16-202-001
UPID
US28-2272459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wiedner & Mcauliffe Ltd: Smith, Robert L Law Firm Insurance Agency
-
Walker Wilcox Matousek LLP Law Firm Insurance Agency
-
Harris Natalie A Law Firm
-
Bard, Rao + Athanas Consulting Engineers, LLC HVAC Service General Contractor
-
La Quinta Inn & Suites by Wyndham Chicago Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Cavalier Lt Aggregate LP · 4 yrs held
Cavalier Lt Aggregate LP
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$462,985
Tax year 2022
Assessed value
$2,250,971
Assessed 2022
Previous assessed
$2,250,971
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$1,444,500
Assessed improvement
$806,471
Land market value
$5,778,000
Improvement market value
$3,225,884
Total market value
$9,003,884
Applied tax rate
76,058.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1954
Heating
NONE
Lot
0.22 ac (9,630 SF)
APN
17-16-202-001
UPID
US28-2272459
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
Cavalier Lt Aggregate LP
Entity
Mailing address
909 HIDDEN RDG STE #600, IRVING, TX 75038-3822
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Cavalier Lt Aggregate LP
Cplg Chicago LLC
Special Warranty Deed
$104,020,000 · Bank Of Montreal
Dec 15, 2011
—
Lq Chicago LLC
—
Deed Of Trust
related
$237,345,634 · Bank Of America
Oct 28, 2008
—
Lq Chicago LLC
—
Deed Of Trust
related
$15,000,000 · Bank Of America
Jul 24, 2008
—
Lq Chicago LLC
Lq Acquisition Properties LLC
Grant Deed
related
—
May 23, 2006
—
Lq Acquisition Properties LLC
Jewis Federation Of Metropolit
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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