New search
Property profile & analytics
OFF-MARKET
Motels
12808 Ashland Ave, Calumet Park, IL 60827-6308
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-5693132
Property summary
AI-generated overview
The Kings Inn Motel, a profitable hospitality investment opportunity, is offered at $3,000,000. This three-story, 44,836 square foot interior corridor motel boasts 92 keys and a strong 9.06% cap rate, generating a net operating income (NOI) of $271,896. Located at 12808 S Ashland Ave, Calumet Park, IL 60827, in Cook County, this property benefits from high visibility off I-57, one of Illinois' busiest interstates, just 18 miles south of downtown Chicago. The motel caters to the demand for economy-tier hotels in the South Chicago submarket, enhanced by its convenient location near key amenities. Guest amenities include gaming slot machines in the lobby. Strong demand generators in close proximity include a McDonald's and the Burr Oak train station (0.3 miles west), and Midway International Airport is only 14 miles away. This well-established motel presents a compelling investment opportunity with significant potential for future growth. The property's strong performance and strategic location make it an attractive asset for investors seeking a stable and profitable return.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1995
Lot
1.01 ac (43,996 SF)
APN
25-31-204-026
UPID
US28-5693132
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
-
Kings Inn Hotel & Motel
-
Knights Inn Calumet Park Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Krishna Kings Hospitality LLC · 7 yrs held
Krishna Kings Hospitality LLC
since 2019
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 Calumet Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Calumet Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$189,145
Tax year 2022
Assessed value
$294,451
Assessed 2022
Previous assessed
$231,454
+27.2% YoY
Effective rate
64.24%
On assessed value
Assessed land
$76,783
Assessed improvement
$217,668
Land market value
$307,132
Improvement market value
$870,672
Total market value
$1,177,804
Applied tax rate
14,003.0000
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
1995
Heating
NONE
Lot
1.01 ac (43,996 SF)
APN
25-31-204-026
UPID
US28-5693132
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
1995
Heating
NONE
Lot
1.01 ac
Current owner
From public records · entity-resolved
Krishna Kings Hospitality LLC
Entity
Mailing address
12808 S ASHLAND AVE, CALUMET PARK, IL 60827-6308
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2020
—
Krishna Kings Hospitality LLC
—
Deed
related
$705,000 · Millennium Bk
Jun 6, 2019
$2,490,000
Krishna Kings Hospitality LLC
Anjco LLC
Grant Deed
$2,151,000 · Millennium Bk
Oct 24, 2014
—
Anjco 3 LLC
—
Grant Deed
related
$4,000,000 · Itasca Bk&tr
Jul 31, 2013
—
Anjco 3 LLC
American Lodging Partners INC
Deed In Lieu Of Foreclosure
related
—
Mar 16, 2007
—
American Lodging Partners INC
—
Trustees Deed
related
$1,400,000 · Broadway Bank
Dec 3, 2004
$2,000,000
American Lodging Partners INC
Cal Park Partners LLP
Grant Deed
$2,375,000 · Broadway Bank
Nov 19, 1999
—
Calpark Partners LLP
—
Deed Of Trust
related
$2,850,000 · Citizens Financial Services
—
—
American Lodging Partners INC
—
Deed Of Trust
related
$3,350,000 · Broadway Bank
—
—
American Lodging Partners INC
—
Deed Of Trust
related
$3,075,000 · Broadway Bank
—
—
Krishna Kings Hospitality LLC
—
Deed Of Trust
related
$705,000 · Millennium 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12808 Ashland Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
