45 103Rd St Chicago, IL 60628
40-Room Motel, 13.31% Cap Rate, High Occupancy
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 40-key exterior corridor motel in Chicago, IL, offering a strong 75% occupancy rate.
- Asking price: $1,900,000, or $46,195 per key.
- Attractive 13.31% capitalization rate.
- Situated on a 0.76-acre lot with development potential.
- Excellent location on 103rd Street, near Midway Airport (12.4 miles) and a Metra station (1 mile).
- Sturdy brick building, ideal for affiliation with a budget hotel brand.
Property Details for 45 103Rd St
- Property type
- Hospitality properties, Motels
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.7068943
- Longitude
- -87.6252516
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - 40-Room Motel, 13.31% Cap Rate, High Occupancy
- Where is the hospitality property located?
- The property is located at 45 103Rd St Chicago, IL.
- What is the asking price?
- The asking price for this property is $1,900,000.
- What are key features of this property?
- This property features: 40-key exterior corridor motel in Chicago, IL, offering a strong 75% occupancy rate.; Asking price: $1,900,000, or $46,195 per key.; Attractive 13.31% capitalization rate.
- How can I contact the broker?
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