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Property profile & analytics
OFF-MARKET
Motels
530 La Salle Dr Chicago, IL 60654-7117
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-2552682
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1966
Total area
700 SF
Lot
0.2 ac (8,600 SF)
APN
17-09-238-012
UPID
US28-2552682
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
-
Zombie Taco Restaurant
-
Moxy Chicago Downtown Hotel & Motel
-
Bar Moxy Bar & Pub
-
Blackmore Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Choxy Hotel LLC · 9 yrs held
Choxy Hotel 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$515,719
Tax year 2022
Assessed value
$2,507,355
Assessed 2022
Previous assessed
$2,507,355
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$430,000
Assessed improvement
$2,077,355
Land market value
$1,720,000
Improvement market value
$8,309,420
Total market value
$10,029,420
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
1966
Heating
NONE
Stories
1
Total area
700 SF
Lot
0.2 ac (8,600 SF)
APN
17-09-238-012
UPID
US28-2552682
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
1966
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Choxy Hotel LLC
Entity
Mailing address
701 E 83RD AVE, MERRILLVILLE, IN 46410-9202
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
Jan 28, 2021
—
Choxy Hotel LLC
—
Deed
related
$28,685,000 · Tcf Nat'l Bk
Dec 16, 2016
—
Choxy Hotel LLC
530 N Lasalle De LLC
Grant Deed
related
—
Aug 21, 2015
$2,000,000
530 N Lasalle De LLC
Lasalle & Grand LLC
Warranty Deed
related
—
Dec 16, 2004
$2,880,000
Lasalle & Grand LLC
Jaws II LLC
Warranty Deed
$1,800,000 · International Bank Of Chicago
Apr 26, 2004
$1,850,000
J A W S II LLC
Chicago Title Land Trt Co Ttee
Grant Deed
$1,480,000 · State Financial Bank
Mar 21, 2001
$1,800,000
Chicago Title Land Trust Co Tt
Amoco Oil Co
Quit Claim Deed
related
$1,300,000 · Park National Bk & Tr Chicago
—
—
Lasalle & Grand LLC
—
Deed Of Trust
related
$200,000 · International Bank Of Chicago
—
—
Lasalle & Grand LLC
—
Deed Of Trust
related
$4,000,000 · Bank Of America/il
—
—
Lasalle & Grand LLC
—
Loan Modification
related
$4,000,000 · Wells Fargo Bank 2007-2 (ce)
—
—
Choxy Hotel LLC
—
Loan Modification
related
$28,685,000 · Tcf Nat'l Bk
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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