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Property profile & analytics
OFF-MARKET
Estimated value
$17,375,000
Motels
162 Ohio St Chicago, IL 60611-3105
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-4999458
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1931
Total area
153,300 SF
Lot
0.23 ac (10,135 SF)
APN
17-10-118-011
UPID
US28-4999458
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
-
Encore Marketing & Advertising Event Planning
-
Inn of Chicago Hotel & Motel
-
Wilton High School
-
WW (Weight Watchers) Weight Loss Service Wellness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.75M
Comparable Approach
Comparable
$15.51M
Blend (final)
Blend
$17.38M
Owner & transaction history
Respectful Management LLC · 1 yrs held
Respectful Management LLC
since 2024
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,225,000
6.5%
$17,745,000
7%
$16,480,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$26,405,000
Current use
APARTMENT HOUSE (5+ UNITS)
$26,370,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$17.38M
Range $15.64M – $19.11M · ±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
$113 / 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
$812,445
Tax year 2022
Assessed value
$3,950,000
Assessed 2022
Previous assessed
$3,950,000
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$1,520,250
Assessed improvement
$2,429,750
Land market value
$6,081,000
Improvement market value
$9,719,000
Total market value
$15,800,000
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
1931
Heating
NONE
Stories
21
Total area
153,300 SF
Lot
0.23 ac (10,135 SF)
APN
17-10-118-011
UPID
US28-4999458
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$26.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.4M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
21
Lot
0.23 ac
Current owner
From public records · entity-resolved
Respectful Management LLC
Entity
Mailing address
162 E OHIO STNO517, CHICAGO, IL 60611-3105
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
—
Respectful Management LLC
Allegiant Equities LLC
Lease
—
Dec 1, 2022
—
Allegiant Equities LLC
—
Deed
related
$20,747,460 · Antigua Investments LLC
Sep 8, 2022
—
Allegiant Equities LLC
—
Deed
related
$2,000,000 · Arcpe 12 LLC
Apr 12, 2021
$13,500,000
Allegiant Equjities LLC
162 E Ohio Street LLC
Special Warranty Deed
$283,500 · 162 E Ohio Street LLC
Apr 26, 2018
—
162 E Ohio Street LLC
—
Deed
related
$97,435,000 · Goldman Sachs Bank USA
Feb 17, 2017
—
162 E Ohio Street LLC
Judicial Sales Corp|ioc Hotel LLC
Trustees Deed
related
—
Feb 24, 2006
$40,000,000
Ioc Hotel LLC
Trust 64724
Grant Deed
$37,600,000 · Column Financial INC
—
—
Ioc Hotel LLC
—
Deed Of Trust
related
$57,200 · Gsre-cs II Ltd
—
—
Ioc Hotel LLC
—
Deed Of Trust
related
$57,200,000 · Column Financial INC
—
—
Ioc Hotel LLC
—
Deed Of Trust
related
$57,200,000 · Gsre-cs II Ltd
—
—
Ioc Hotel LLC
—
Deed Of Trust
related
$57,200,000 · Gsre-cs II Ltd
—
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$22,000,000 · Column Financial INC
—
—
Ioc Hotel LLC
—
Deed Of Trust
related
$57,200,000 · Gsre-cs II Ltd
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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