Property profile

228 Ontario St Chicago, IL 60611

OFF-MARKET
Motels
Property ID
US28-5114257
5,000 SF 0.06 ac lot Built 1881
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1881
Total area 5,000 SF
Lot 0.06 ac (2,400 SF)
APN 17-10-203-015
UPID US28-5114257

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Hotel & Motel
  • Crisis Center Medical Clinic

Location

228 Ontario St Chicago, IL 60611-3258
Chicago metro Census 81401 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
$580k
Comparable Approach Comparable
$810k
Blend (final) Blend
$780k

Owner & transaction history

since 2014
7 recorded transactions
2019
Price N/A
2015
Price N/A
2014
$1.8M
2012
$2.9M
2012
Price N/A
2008
$2.0M
2008
$2.4M

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.2M +38.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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