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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Motels
43 103rd St, Chicago, IL 60628
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-1753133
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1978
Total area
14,000 SF
Lot
0.1 ac (4,158 SF)
APN
25-16-202-026
UPID
US28-1753133
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.97M
Owner & transaction history
Om & Revan LLC · 5 yrs held
Om & Revan LLC
since 2020
Last sale
$1.9M
5 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
$2,230,000
ML approach
$2,265,000
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,410,000
Current use
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $1.92M (Oct 8 2020)
Last sale anchor
$1.92M
Oct 8 2020
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
$140 / 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
$8,913
Tax year 2022
Assessed value
$34,733
Assessed 2022
Previous assessed
$26,915
+29.0% YoY
Effective rate
25.66%
On assessed value
Assessed land
$9,355
Assessed improvement
$25,378
Land market value
$37,420
Improvement market value
$101,512
Total market value
$138,932
Applied tax rate
72,204.0000
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
1978
Heating
NONE
Stories
2
Total area
14,000 SF
Lot
0.1 ac (4,158 SF)
APN
25-16-202-026
UPID
US28-1753133
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
$2.4M
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
1978
Heating
NONE
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Om & Revan LLC
Entity
Mailing address
45 W 103RD ST, CHICAGO, IL 60628-2605
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
$1,920,000
Om & Revan LLC
45 W 103rd LLC
Grant Deed
$1,675,000 · Millennium Bk
Nov 19, 2019
—
45 W 103rd LLC
Imperial Motel Holdings LLC
Quit Claim Deed
related
—
Oct 24, 2016
$575,000
Imperial Motel Holdings LLC
Nisu INC
Warranty Deed
related
$75,000 · Nisu INC
Mar 27, 2002
$600,000
Nisu INC
Namo Enterprises LLC
Grant Deed
$800,000 · National Republic Bank Chicago
—
—
Castle Motel Royal
—
Deed Of Trust
related
$310,000 · Somercor 504 INC
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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