Property profile

640 Wabash Ave Chicago, IL 60611

OFF-MARKET
Motels
Property ID
US28-1352757
66,300 SF 0.11 ac lot Built 1929
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1929
Total area 66,300 SF
Lot 0.11 ac (4,900 SF)
APN 17-10-111-007
UPID US28-1352757

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
  • Hotel & Motel
  • Storage Facility
  • Hotel & Motel

Location

640 Wabash Ave Chicago, IL 60611-2726
Chicago metro Census 81500 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$16.44M
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.98M
Blend (final) Blend
$16.44M

Owner & transaction history

since 2025
Last sale
$16.4M
7 recorded transactions
2025
Price N/A
2025
Price N/A
2024
$16.4M
2010
Price N/A
2006
$1.0M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $15.9M +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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