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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Motels
708 Clark St Chicago, IL 60654-3502
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-5757601
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1881
Total area
2,000 SF
Lot
0.06 ac (2,420 SF)
APN
17-09-211-007
UPID
US28-5757601
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
Bh Chicago Owner LLC · 5 yrs held
Bh Chicago Owner LLC
since 2020
Last sale
$3.7M
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
$4,300,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $3.70M (Dec 16 2020)
Last sale anchor
$3.70M
Dec 16 2020
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
$2,000 / 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
$182,336
Tax year 2022
Assessed value
$886,494
Assessed 2022
Previous assessed
$879,206
+0.8% YoY
Effective rate
20.57%
On assessed value
Assessed land
$136,125
Assessed improvement
$750,369
Land market value
$544,500
Improvement market value
$3,001,476
Total market value
$3,545,976
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
1881
Heating
NONE
Stories
1
Total area
2,000 SF
Lot
0.06 ac (2,420 SF)
APN
17-09-211-007
UPID
US28-5757601
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
1881
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Bh Chicago Owner LLC
Entity
Mailing address
640 N LA SALLE DR STE #275, CHICAGO, IL 60654-3754
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
Ows Bca Funding LLC
—
Deed
related
$1,000 · Ows Cf C LLC
Dec 16, 2020
—
Bh Chicago Owner LLC
Ap 100 W Huron Property LLC
Grant Deed
related
$57,000,000 · Pcred Lndg III LLC
Dec 10, 2019
—
Ap 100 W Huron Property LLC
—
Grant Deed
related
$57,000,000 · Pcred Lending III LLC
Aug 10, 2017
—
Ap 100 W Huron Property LLC
—
Grant Deed
related
$53,500,000 · Special Situations Investing G
Jun 7, 2017
—
Ap 100 W Huron Property LLC
—
Deed
related
$2,915,000 · Wintrust Bk
Feb 27, 2017
—
Ap 100 W Huron Property LLC
—
Loan Modification
related
$2,915,000 · Wintrust Bk
Nov 15, 2013
$3,700,000
Uf 100 Huron LLC
Affinity Of Huron LLC
Grant Deed
—
Jun 20, 2005
—
Affinity Of Huron LLC
—
Trustees Deed
related
$2,000,000 · Lasalle National Bank
Dec 31, 2003
$3,700,000
Affinity Jfj LLC
Cosmopolitan Bank & Trust Ttee
Grant Deed
—
Feb 28, 2002
—
Cosmpolitan Bank Trustee
Holstein,robert
Quit Claim Deed
related
—
—
—
Ap 100 W Huron Property LLC
—
Deed Of Trust
related
$2,915,000 · Wintrust Bk
—
—
Uf 100 Huron LLC
—
Deed Of Trust
related
$1,850,000 · Gold Coast Bk
—
—
Affinity Of Huron LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of America
—
—
Ap 100 W Huron Property LLC
—
Loan Modification
related
$2,915,000 · Wintrust Bk
—
—
Bh Chicago Owner LLC
—
Loan Modification
related
$57,000,000 · Pcred Lndg III LLC
—
—
Affinity Of Huron LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of America
—
—
Affinity Of Huron LLC
—
Deed Of Trust
related
$2,000,000 · Lasalle National 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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