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Property profile & analytics
OFF-MARKET
Estimated value
$60,855,000
Motels
10 Grand Ave Chicago, IL 60611-3506
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1772642
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Lot
0.52 ac (22,774 SF)
APN
17-10-119-015
UPID
US28-1772642
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
-
Enterprise Rent-A-Car Car Rental Facility
-
Hilton Garden Inn Chicago Downtown/Magnificent Mile Hotel & Motel
-
Zipcar Car Rental Facility
-
The Shops At North Bridge Parking Lot & Garage
-
Hilton Garden Inn Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$60.86M
Owner & transaction history
Eckert Seamans Cherin & Mellott LLC · 4 yrs held
Eckert Seamans Cherin & Mellott LLC
since 2022
Last sale
$59.3M
4 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
$63,915,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$60.86M
Range $54.77M – $66.94M · ±10% · vs last sale $59.33M (Mar 25 2022)
Last sale anchor
$59.33M
Mar 25 2022
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
$1,570,086
Tax year 2022
Assessed value
$7,633,550
Assessed 2022
Previous assessed
$7,633,550
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$693,297
Assessed improvement
$6,940,253
Land market value
$2,773,188
Improvement market value
$27,761,012
Total market value
$30,534,200
Applied tax rate
74,004.0000
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
1998
Heating
NONE
Lot
0.52 ac (22,774 SF)
APN
17-10-119-015
UPID
US28-1772642
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
1998
Heating
NONE
Lot
0.52 ac
Current owner
From public records · entity-resolved
Eckert Seamans Cherin & Mellott LLC
Entity
Mailing address
600 GRANT ST FL #44, PITTSBURGH, PA 15219-2713
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
$59,327,000
Eckert Seamans Cherin & Mellott LLC
Sunstone East Grand LLC
Special Warranty Deed
$87,336 · Sm Finance II Warehouse 2 LLC
Jul 19, 2012
$78,404,500
Sunstone East Grand LLC
Hfp Hotel Owner I LLC
Grant Deed
—
Feb 8, 2007
$66,540,666
Hfp Hotel Owner I LLC
Rlj Chicago Hotel LLC
Grant Deed
$227,000,000 · Merrill Lynch Mortgage Lending
—
—
Hfp Hotel Owner I LLC
—
Deed Of Trust
related
$151,000,000 · Banco Bilbao Vizcaya Argentari
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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