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9408 W Lawrence Ave
Schiller Park, IL 60176
Motel 6 Schiller Park - Chicago O'Hare · Hospitality Property For Sale
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38,214 SF
Investment Highlights
- Revenue: $2.17M (2019), $1.68M (2020 – Covid Impact), $2.30M (2021), $2.75M (2022), $2.81M (T12 March 2023)
- ADR: $60 (2019), $48 (2020), $54 (2021), $64 (2022)
- Acquisition Highlights: Purchase Price: $12.37 M, Cash Down (30%): $3.7M, Proforma 2023 Revenue: $3.0M & Operating Income (EBITAD) $1.3M
- Occupancy: 69%, (2019), 66% (2020), 81% (2021), 82% (2022)
- Operating Income (EBITAD): $608K (2019), $538K (2020), $1.03M (2021), $1.25M (2022)
- Please send POF or lender’s comfort letter to chicagohotels@alextank.com to get more details.
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1988/2017 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.01 AC | Parking Ratio | 5.44/1,000 SF |
| Building Size | 38,214 SF | Corridor | Exterior |
| Zoning | C1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.01 AC |
| Building Size | 38,214 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2017 |
| Tenancy | Single |
| Parking Ratio | 5.44/1,000 SF |
| Corridor | Exterior |
| Zoning | C1 |
Amenities
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,098,784 | |
| Land Assessment | $382,966 | Total Assessment | $1,481,750 |
Property Taxes
Parcel Numbers
Land Assessment
$382,966
Improvements Assessment
$1,098,784
Total Assessment
$1,481,750
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