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Property profile & analytics
FOR LEASE
Motels
58 E Ontario St Chicago, IL 60611
Entity Owned
~
Est. High Equity
Property ID
US28-1097962
For Lease
1 / 2
$7,380,000
58 E Ontario St, Chicago, IL 60611
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1944
Lot
0.89 ac (38,648 SF)
APN
17-10-112-012
UPID
US28-1097962
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
-
Tao Asian Bestro Restaurant
-
Zaffiro's Chicago Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.38M
Owner & transaction history
Gw Ontario LLC
Gw Ontario LLC
since 2025
Last sale
$7.4M
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
$78,914
Tax year 2022
Assessed value
$383,670
Assessed 2022
Previous assessed
$383,670
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$201,742
Assessed improvement
$181,928
Land market value
$806,968
Improvement market value
$727,712
Total market value
$1,534,680
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
For Lease
Year built
1944
Heating
NONE
Lot
0.89 ac (38,648 SF)
APN
17-10-112-012
UPID
US28-1097962
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
1944
Heating
NONE
Lot
0.89 ac
Current owner
From public records · entity-resolved
Gw Ontario LLC
Entity
Mailing address
353 N CLARK ST STE #3625, CHICAGO, IL 60654-3477
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
$7,380,000
Gw Ontario LLC
6058 Properties LLC
Special Warranty Deed
$250,000 · 6058 Properties LLC
Jun 24, 2024
—
Highland Commercial Mortgage LLC
—
Deed
related
—
May 6, 2022
—
6058 Properties LLC
—
Deed
related
$177,481 · Mpo Grantor Trust
Mar 10, 2022
—
6058 Properties LLC
—
Deed
related
$1,775,481 · Mpo Grantor Trust
Apr 2, 2018
—
6058 Properties LLC
—
Grant Deed
related
$8,552,534 · First Bk/lincoln
Dec 29, 2017
—
6058 Properties LLC
—
Grant Deed
related
$8,400,000 · Highland Com'l Mtg
Nov 22, 2017
$2,000,000
6058 Properties LLC
Vlnd INC
Grant Deed
—
May 8, 2009
—
630 N Rush St LLC
Benenson March 1985 Trust
Warranty Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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