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Property profile & analytics
OFF-MARKET
Estimated value
$7,225,000
Motels
119 Ohio St Chicago, IL 60654
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1089990
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1969
Total area
89,700 SF
Lot
0.04 ac (1,927 SF)
APN
17-09-239-003
UPID
US28-1089990
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.22M
Blend (final)
Blend
$7.23M
Owner & transaction history
Crd 125 W Ohio LLC · 4 yrs held
Crd 125 W Ohio LLC
since 2021
Last sale
$6.8M
7 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
$7,725,000
ML approach
$7,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.23M
Range $6.50M – $7.95M · ±10% · vs last sale $6.84M (Aug 16 2021)
Last sale anchor
$6.84M
Aug 16 2021
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
$81 / SF
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
$28,865
Tax year 2022
Assessed value
$140,336
Assessed 2022
Previous assessed
$140,336
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$96,350
Assessed improvement
$43,986
Land market value
$385,400
Improvement market value
$175,944
Total market value
$561,344
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
1969
Heating
NONE
Stories
6
Total area
89,700 SF
Lot
0.04 ac (1,927 SF)
APN
17-09-239-003
UPID
US28-1089990
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
1969
Heating
NONE
Stories
6
Lot
0.04 ac
Current owner
From public records · entity-resolved
Crd 125 W Ohio LLC
Entity
Mailing address
125 W OHIO ST, CHICAGO, IL 60654-7168
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2021
$6,844,500
Crd 125 W Ohio LLC
Bw River North Hotel LLC
Special Warranty Deed
$9,800,000 · Lakeside Bank
Feb 16, 2018
—
Bw River North Hotel LLC
—
Loan Modification
related
$13,500,000 · Mb Fin'l Bk
Feb 15, 2011
—
Best Wstn River North Hotel Ll
—
Deed Of Trust
related
$6,800,000 · Cole Taylor Bank
Apr 2, 2008
—
Best Wstn Riv North Hotel LLC
—
Deed Of Trust
related
$7,000,000 · Cole Taylor Bk
Apr 1, 1998
—
Best Western River North Hotel
Cole Taylor Bank Trustee
Deed Of Trust
related
$8,000,000 · Belgravia Capital Corp
—
—
Bw River North Hotel LLC
—
Loan Modification
related
$7,000,000 · Mb Fin'l Bk
—
—
Bw River North Hotel LLC
—
Loan Modification
related
$8,300,000 · Mb Fin'l Bk
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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