$3,599,000

9424 Waukegan Rd, Morton Grove, IL 60053
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The property is a two-level hotel containing 53 guest rooms and was operated under the Red Roof Inn name. It is located on Waukegan Road in Morton Grove, Illinois, with access to major roads and interstate routes, and is positioned to serve travelers associated with nearby O’Hare International Airport and the greater Chicago area. The surrounding area includes attractions such as Navy Pier, local museums and theaters, Six Flags Great America, and the Golf Mill shopping center.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?

$73k

Tax billed · 2022

Assessed value$282k

Assessed land$44k

Assessed improvement$238k

Effective rate25.99%

Value estimate

· Nov 2026

$2.54M

$2.28M – $2.79M

AI approach$2.60M

NOI build-up

Gross scheduled income$301k

Vacancy & credit loss−$38k

Operating expenses−$138k

NOI · 3.48% cap applied$125k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$172/SF

County average, outlier-cleaned · 37 recorded sales of this use type

Observed band · Q1–Q3$131 – $226

Cap rate analysis

How does the asset earn?

3.48%

$125k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Realty agency34.5

Law Firm26.3

Hair Salon21.2

9424 Waukegan Rd Morton Grove, IL 60053

County assessor Recorded deeds · 15 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale

Address Sale price Sold Size

9110 Waukegan, Morton Grove, IL 60053-2119 $2,350,000 Jul 2022 No data

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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9424 Waukegan Rd Morton Grove, IL 60053

Property summary