2847 W Washington Blvd | Chicago, IL 60612
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- LoopNet Team
2847 W Washington Blvd
Chicago, IL 60612
New Parie Hotel | Opportunity Zone Asset · Hospitality Property For Sale
·
12,300 SF
INVESTMENT HIGHLIGHTS
- The New Parie Hotel is a four-story, 12,300-SF single-room-occupancy hotel with 58 rooms and an interior corridor.
- Value-add acquisition that offers a new owner tremendous upside to boost the return on investment.
- Situated in an Opportunity Zone that can offer powerful tax incentives to investors in the area.
- Located five miles west of Downtown Chicago, the New Parie Hotel is incredibly accessible from both the Chicago Transit Authority Line and I-290.
- High visibility with building signage on main thoroughfare that generates nearly 17,000-vehicles-per-day.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 12,300 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | C | Year Built | 1927 |
| Lot Size | 0.11 AC | Corridor | Interior |
| Zoning | R-4, Chicago | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 12,300 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Corridor | Interior |
| Zoning | R-4, Chicago |
PROPERTY TAXES
| Parcel Number | 16-12-327-004-0000 | Improvements Assessment | $297,464 |
| Land Assessment | $16,536 | Total Assessment | $314,000 |
PROPERTY TAXES
Parcel Number
16-12-327-004-0000
Land Assessment
$16,536
Improvements Assessment
$297,464
Total Assessment
$314,000
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