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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Motels
1625 Hinman Ave Evanston, IL 60201-6021
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1003942
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1927
Lot
0.28 ac (12,210 SF)
APN
11-18-404-003
UPID
US28-1003942
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
-
Graduate Evanston Hotel & Motel
-
The Graduate Homestead Room Restaurant
-
Graduate Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Geil Owne LLC · 6 yrs held
Geil Owne 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 Evanston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evanston 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
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$606,010
Tax year 2022
Assessed value
$2,608,873
Assessed 2022
Previous assessed
$2,750,000
-5.1% YoY
Effective rate
23.23%
On assessed value
Assessed land
$61,050
Assessed improvement
$2,547,823
Land market value
$244,200
Improvement market value
$10,191,292
Total market value
$10,435,492
Applied tax rate
17,001.0000
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
1927
Heating
NONE
Lot
0.28 ac (12,210 SF)
APN
11-18-404-003
UPID
US28-1003942
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
1927
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Geil Owne LLC
Entity
Mailing address
133 N JEFFERSON ST, CHICAGO, IL 60661-2336
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
Geil Owner LLC
—
Deed
related
$406,000,000 · Tcg Re Agent LLC
May 29, 2024
—
Geil Owner LLC
—
Deed
related
$60,000,000 · Midcap Financial Trust
Aug 13, 2020
—
Geil Owner LLC
—
Deed
related
$20,350,000 · Midcap Financial Trust (ct)
Jan 29, 2020
—
Geil Owner LLC
—
Deed
related
$20,350,000 · Midcap Financial Trust (ct)
Oct 8, 2019
$5,746,500
Geil Owne LLC
1625 Hinman LLC
Grant Deed
—
Oct 8, 2019
$5,254,000
Geil Owner LLC
Trust Number 59251
Grant Deed
—
May 3, 2017
—
Trust 59251
—
Deed
related
$1,700,000 · First Bk
—
—
Venture Homestead
—
Deed Of Trust
related
$2,500,000 · Bank Of America
—
—
Geil Owner LLC
—
Deed Of Trust
related
$20,350,000 · Midcap Financial Trust (ct)
—
—
Trust 59251
—
Deed Of Trust
related
$1,700,000 · First Bk
—
—
Geil Owner LLC
—
Loan Modification
related
$20,350,000 · Midcap Financial Trust (ct)
—
—
Geil Owner LLC
—
Deed Of Trust
related
$20,350,000 · Midcap Fin'l
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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