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Property profile & analytics
OFF-MARKET
Estimated value
$11,015,000
Motels
1816 Clark St Chicago, IL 60614-6043
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-0164285
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1932
Total area
91,800 SF
Lot
0.19 ac (8,189 SF)
APN
14-33-411-001
UPID
US28-0164285
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
-
Hotel Lincoln - JDV by Hyatt Hotel & Motel
-
The J. Parker Restaurant
-
Sushi by Bou- Sushi Suite- Lincoln Park Chicago @ Hotel Lincoln Restaurant
-
Rooftop Chicago Bar & Pub
-
Elaine's Coffee Call Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.63M
Comparable Approach
Comparable
$11.08M
Blend (final)
Blend
$11.02M
Owner & transaction history
Nakash Lincoln LLC · 10 yrs held
Nakash Lincoln LLC
since 2016
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%
$11,510,000
6.5%
$10,625,000
7%
$9,865,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$15,815,000
Current use
Blend value · Realmo final
$11.02M
Range $9.91M – $12.12M · ±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
$120 / 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
$970,874
Tax year 2022
Assessed value
$4,720,261
Assessed 2022
Previous assessed
$3,216,854
+46.7% YoY
Effective rate
20.57%
On assessed value
Assessed land
$225,197
Assessed improvement
$4,495,064
Land market value
$900,788
Improvement market value
$17,980,256
Total market value
$18,881,044
Applied tax rate
74,001.0000
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
1932
Heating
NONE
Stories
14
Total area
91,800 SF
Lot
0.19 ac (8,189 SF)
APN
14-33-411-001
UPID
US28-0164285
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
$15.8M
HOTEL/MOTEL Current
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
1932
Heating
NONE
Stories
14
Lot
0.19 ac
Current owner
From public records · entity-resolved
Nakash Lincoln LLC
Entity
Mailing address
1816 N CLARK ST, CHICAGO, IL 60614-6043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Apr 27, 2016
—
Nakash Lincoln Tenant LLC
—
Deed Of Trust
related
$35,000,000 · Delaware Life Ins Co
Feb 5, 2016
$63,510,000
Nakash Lincoln LLC
W-aj Hotel Lincoln Vii LLC
Grant Deed
related
—
Oct 2, 2013
$36,860,000
W-aj Hotel Lincoln Vii LLC
Hotel Lincoln Park Owner LLC
Grant Deed
related
$32,000,000 · Aareal Cap Corp
Oct 23, 2009
—
Kap 1816 North Clark LLC
Gold Coast Investors LLC
Quit Claim Deed
related
—
Jan 9, 2008
—
Gold Coast Investors LLC
—
Trustees Deed
related
$26,400,000 · Longview Ultra Const Loan Inv
Jan 3, 2006
$10,350,000
Gold Coast Investors LLC
1800 N Lincoln LLC
Grant Deed
$26,400,000 · Longview Ultra I Const Loan In
Oct 4, 2001
—
1800 N Lincoln LLC
Parkway Bank & Trust Co Ttee
Grant Deed
related
$3,000,000 · Lasalle National Bank
—
—
Hotel Lincoln Park Owner LLC
—
Deed Of Trust
related
$14,500,000 · Us Bank NA
—
—
Nakash Lincoln LLC
—
Deed Of Trust
related
$25,430,000 · Lstar Cpital Finance INC Lstar Cpital Finance INC
—
—
Hotel Lincoln Park Owner LLC
—
Deed Of Trust
related
$17,000,000 · Us Bank NA
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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