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Property profile & analytics
OFF-MARKET
Estimated value
$2,455,000
Motels
9424 Waukegan Rd Morton Grove, IL 60053-1352
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2230136
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Lot
0.29 ac (12,500 SF)
APN
10-18-112-018
UPID
US28-2230136
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
-
Red Roof Inn Morton Grove Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.46M
Owner & transaction history
Krish Niya LLC · 4 yrs held
Krish Niya LLC
since 2022
Last sale
$2.4M
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 Morton Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton Grove 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
$2,535,000
ML approach
$2,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.46M
Range $2.21M – $2.70M · ±10% · vs last sale $2.35M (Jun 29 2022)
Last sale anchor
$2.35M
Jun 29 2022
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
—
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
$73,199
Tax year 2022
Assessed value
$281,658
Assessed 2022
Previous assessed
$199,999
+40.8% YoY
Effective rate
25.99%
On assessed value
Assessed land
$43,750
Assessed improvement
$237,908
Land market value
$175,000
Improvement market value
$951,632
Total market value
$1,126,632
Applied tax rate
24,019.0000
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
1997
Heating
NONE
Lot
0.29 ac (12,500 SF)
APN
10-18-112-018
UPID
US28-2230136
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
1997
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Krish Niya LLC
Entity
Mailing address
4535TH W ADDISON ST, CHICAGO, IL 60641-3816
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
$2,350,000
Krish Niya LLC
Agraneeh Gove LLC
Special Warranty Deed
$2,632,000 · Millennium Bank
Jul 11, 2019
$1,958,500
Agraneeh Gove LLC
Greenacre Cap Invs LLC
Warranty Deed
$1,915,000 · Associated Bk
Feb 26, 2018
$2,150,000
Greenacre Capital Invs LLC
Trust 120994-04
Grant Deed
related
$1,500,000 · State Bk/tx
—
—
Greenacre Cap Invs LLC
—
Deed Of Trust
related
$100,000 · Rilwala Prop Mgmt LLC
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$500,000 · National Republic Bank Chicago
—
—
Trust 120994-04
—
Loan Modification
related
$850,000 · State Bk/tx
—
—
Trust 120994-04
—
Loan Modification
related
$650,000 · State Bk/tx
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$850,000 · National Republic Bank Chicago
—
—
American Natl Bk Tr Ttee
—
Deed Of Trust
related
$535,000 · National Republic Bank Chicago
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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