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Property profile & analytics
FOR SALE
Motels
9112 S Cottage Grove Ave Chicago, IL 60619
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2733452
For Sale
1 / 13
$2,450,000
9112 S Cottage Grove Ave, Chicago, IL 60619
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1971
Total area
6,400 SF
Lot
0.42 ac (18,150 SF)
APN
25-03-403-039
UPID
US28-2733452
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
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
Krish Admiral Hospitality LLC · 2 yrs held
Krish Admiral Hospitality LLC
since 2024
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+38.8%
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
$2,500,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,530,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.50M (Jun 3 2024)
Last sale anchor
$2.50M
Jun 3 2024
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
$391 / 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
$92,234
Tax year 2022
Assessed value
$364,831
Assessed 2022
Previous assessed
$364,831
+0.0% YoY
Effective rate
25.28%
On assessed value
Assessed land
$40,837
Assessed improvement
$323,994
Land market value
$163,348
Improvement market value
$1,295,976
Total market value
$1,459,324
Applied tax rate
70,082.0000
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 Sale
Year built
1971
Heating
NONE
Stories
2
Total area
6,400 SF
Lot
0.42 ac (18,150 SF)
APN
25-03-403-039
UPID
US28-2733452
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Heating
NONE
Stories
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Krish Admiral Hospitality LLC
Entity
Mailing address
9110 S COTTAGE GRV AVE #9126, CHICAGO, IL 60619-7606
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
$2,500,000
Krish Admiral Hospitality LLC
Admiral Hospitality LLC
Warranty Deed
$2,095,000 · Millennium Bank
Dec 1, 2020
$1,991,500
Admiral Hospitality LLC
Admiral Motel Holdings LLC
Special Warranty Deed
$1,821,500 · Celtic Bank Corporation
Oct 17, 2016
—
Admiral Motel Holdings LLC
—
Deed
related
$601,087 · Kishor Shah
Oct 12, 2011
$925,000
Admiral Motel Holdings LLC
Ppp Grove Motel INC
Warranty Deed
related
$700,000 · Ppp Grove Motel INC
—
—
Ppp Grove Motel INC
—
Deed Of Trust
related
$320,000 · Kishor R & Bharati K Shah
—
—
Admiral Motel Holdings LLC
—
Loan Modification
related
$601,087 · Kishor Shah
—
—
Ari Ents LLC
—
Deed Of Trust
related
$100,000 · American Savings Fsb
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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