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- LoopNet Team
747 N May St
Chicago, IL 60642
Ginosi 747 Apartel · Hospitality Property For Sale
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22 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 22 |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1889/2018 |
| Lot Size | 0.10 AC | Parking Ratio | 0.73/1,000 SF |
| Building Size | 10,961 SF | Corridor | Interior |
| Zoning | C1-3 - Neighborhood Commercial District | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 10,961 SF |
| No. Rooms | 22 |
| No. Stories | 3 |
| Year Built/Renovated | 1889/2018 |
| Parking Ratio | 0.73/1,000 SF |
| Corridor | Interior |
| Zoning | C1-3 - Neighborhood Commercial District |
ABOUT 747 N MAY ST , CHICAGO, IL 60642
GREAT LOCATION: 747 North May Street is situated in River West a subsect of West Town and across the street from the Chicago Blue Line CTA Station. The area benefits from easy access to public transportation and an excellent central location bordering River North and the West Loop and in close proximity to Chicago’s Loop. ARM-CHAIR INVESTMENT OPPORTUNITY: Steady multi-family investment opportunity as the entire property is currently master leased to Ginosi Apartels & Hotels, a short term stay operator on a 5 year lease through April 2023 with one 5 year option to extend. Ginosi handles all management and maintenance of the property. RENOVATED BUILDING: Beautifully renovated and well maintained property with a number of recent capital improvements in addition to the complete gut renovation of all 22 units.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 22 | $57.00 | - |
PROPERTY TAXES
| Parcel Number | 17-08-203-001-0000 | Improvements Assessment | $440,300 |
| Land Assessment | $55,700 | Total Assessment | $496,000 |
PROPERTY TAXES
