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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Motels
5615 Cumberland Ave Chicago, IL 60631-2915
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US28-0070419
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1970
Lot
6.04 ac (263,102 SF)
APN
12-02-412-003
UPID
US28-0070419
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
-
Track Fast Food Restaurant Take-out & Catering
-
All Sate Arena Parking Lot & Garage
-
Holiday Inn Chicago O'Hare Area, an IHG Hotel Hotel & Motel
-
Bar Louie - O'Hare Bar & Pub Restaurant
-
Association of Catholic Publishers Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Cumberland Hospitality Kennedy · 21 yrs held
Cumberland Hospitality Kennedy
since 2004
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
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$541,792
Tax year 2022
Assessed value
$2,634,120
Assessed 2022
Previous assessed
$2,000,000
+31.7% YoY
Effective rate
20.57%
On assessed value
Assessed land
$619,536
Assessed improvement
$2,014,584
Land market value
$2,478,144
Improvement market value
$8,058,336
Total market value
$10,536,480
Applied tax rate
71,001.0000
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
1970
Heating
NONE
Stories
11
Lot
6.04 ac (263,102 SF)
APN
12-02-412-003
UPID
US28-0070419
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
1970
Heating
NONE
Stories
11
Lot
6.04 ac
Current owner
From public records · entity-resolved
Cumberland Hospitality Kennedy
Individual
Mailing address
5300 TOUHY AVE, SKOKIE, IL 60077-3246
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2018
—
Kennedy Cumberland Hospitality
—
Grant Deed
related
$11,760,000 · Hanmi Bk
Nov 18, 2008
—
Cumberland Hospitality Kennedy
—
Deed Of Trust
related
$1,800,000 · Broadway Bank
Dec 3, 2004
$6,225,000
Cumberland Hospitality Kennedy
Grubarges-chicago LLC
Grant Deed
$5,440,000 · Broadway Bank
Apr 26, 2001
—
Grubarges Phoenix LLC
—
Deed Of Trust
related
$270,360,000 · Banco Bilboa Vizcaya Argentari
—
—
Cumberland Hospitality Kennedy
—
Deed Of Trust
related
$8,814,746 · Mb Financial Bank NA
—
—
Kennedy Cumberland Hospitality
—
Deed Of Trust
related
$35,500,000 · Cathay Bk
—
—
Lakhani LLC
—
Deed Of Trust
related
$14,500,000 · Broadway Bank
—
—
Lakhani LLC
—
Deed Of Trust
related
$14,500,000 · Mb Financial Bank NA
—
—
Cumberland Hospitality Kennedy
—
Deed Of Trust
related
$2,500,000 · Broadway Bank
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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