Hotel Properties in Chicago | Reonomy

Hotel Properties in Chicago

Unlock property data on 401 hotel properties in Chicago. Search through Chicago property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Popular searches around Chicago

Reonomy attracts a large community of Chicago commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in hotel properties.

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Chicago hotel property sold prices and values

Values and sold prices (last 24 months) United States Illinois Chicago
Average price/sqft $651 $10,325 $15,333
Average sold price $5,944,918 $7,549,935 $17,035,818
Median sold price $1,117,119 $2,350,000 $2,350,000
Number of sales 6,789 98 22
Number of sales over $250k 5,150 80 20
Number of sales over $1m 3,546 72 15
Number of sales over $10m 672 14 6
Average total tax amount $78,651 $304,191 $413,281
Average assessed value $3,334,774 $1,228,478 $1,909,983
Average market value $4,411,587 $11,138,004 $19,099,838

Chicago hotel property property averages

Property averages United States Illinois Chicago
Average lot size 600,267 sf 59,607 sf 24,261 sf
Median lot size 47,957 sf 28,266 sf 5,785 sf
Average building area 6,622 sf 738 sf 1,130 sf
Median building area 75 sf 73 sf 100 sf
Median year built 1978 1974 1964
Average number of units 51 99 105
Median number of units 16 32 36

Chicago hotel property total supply

Supply United States Illinois Chicago
Number of parcels 94,049 1,010 401
Aggregate lot acerage 1,330,424 1,234 202
Aggregate building area 276,013,001 sf 172,837 sf 163,941 sf
Aggregate units 1,436,747 17,273 15,750

Chicago hotel property industrial mortgages

Debt United States Illinois Chicago
Number of mortgages 224,825 4,283 1,756
Average value of mortgages $46,394,226 $63,012,335 $38,338,599

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