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Property profile & analytics
OFF-MARKET
Estimated value
$52,610,000
Motels
644 Lk Shr Dr, Chicago, IL 60611-3017
Entity Owned
13-yr Hold
Free & Clear
Property ID
US28-2431886
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1967
Total area
475,500 SF
Lot
1.03 ac (44,867 SF)
APN
17-10-205-017
UPID
US28-2431886
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
-
Current Restaurant
-
W Chicago - Lakeshore Hotel & Motel
-
Fit at the W Chicago - Lakeshore Gym & Fitness Center
-
Anu's wedding hotel Hotel & Motel
-
Encore Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$55.04M
Comparable Approach
Comparable
$46.35M
Blend (final)
Blend
$52.61M
Owner & transaction history
Chsp Lakeshore LLC · 13 yrs held
Chsp Lakeshore LLC
since 2012
3 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
by Request
CAP Approach
CAP Return
Estimation
6%
$59,630,000
6.5%
$55,040,000
7%
$51,110,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$81,910,000
Current use
APARTMENT HOUSE (5+ UNITS)
$81,795,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$52.61M
Range $47.35M – $57.87M · ±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
$111 / 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
$2,428,096
Tax year 2022
Assessed value
$11,805,082
Assessed 2022
Previous assessed
$11,805,082
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$2,533,837
Assessed improvement
$9,271,245
Land market value
$10,135,348
Improvement market value
$37,084,980
Total market value
$47,220,328
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
1967
Heating
NONE
Stories
33
Total area
475,500 SF
Lot
1.03 ac (44,867 SF)
APN
17-10-205-017
UPID
US28-2431886
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
$81.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$81.8M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
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
1967
Heating
NONE
Stories
33
Lot
1.03 ac
Current owner
From public records · entity-resolved
Chsp Lakeshore LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1775 TYSONS BLVD, MC LEAN, VA 22102-4284
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2012
—
Chsp Lakeshore LLC
—
Deed Of Trust
related
$250,000,000 · Wells Fargo Bank
Aug 21, 2012
$120,800,000
Chsp Lakeshore LLC
Starwood Chicago Lakeshore Rea
Grant Deed
—
Apr 21, 2006
$77,100,000
Starwood Chicago Lakeshore Rea
Slt Realty
Quit Claim 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.
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