Commercial > Hospitality
Sold
10/11/2012
Sold Price
$2,380,000$54/ft²
253 Cermak Rd
Chicago, IL 60616
- -Bed
- -Bath
- 44,400ft²Living Area
- 7,958ft²Lot Size
- -Pool
- -Car
- 1969Year Built
- -DOM
- 17Permits
253 Cermak Rd, Chicago, IL 60616 is a 44,400 ft² commercial hospitality property property built in 1969 on a 0.183 acre lot with 17 construction permits. This commercial hospitality property is currently off market, and it was last sold in 2012 for $2,380,000.
Permits
253 Cermak Rd has 17 permit records of total value of $4,663,002.
Permit History
17
Permits
$4,663,002
Total Permit Value
July 6, 2018
Description: Interior alterations in existing 5 story hotel; suites 201 & 204 convert to meeting room; suite 304 convert to 2 suites 304a & 304b; suite 404 convert to 2 suites 404a & 404b; suite 504 convert to 2 suites 504a & 504b. Total room change from 100 rooms to 101 rooms all other rooms to remain existing with no work. No change to zoning use occupancy egress structure or exterior as per plansJob Value: $120,000Status: issuedType: Renovation/alterationBusiness Name: Gansari & Associates LLC; JH Plumbing Solutions Incorpor; John's Heating; MPI Contracting INCApplicant: Jaslin HotelFees: $3,000Effective Date: 2018-07-06Permit Number: 100766067
July 6, 2018
Description: Interior alterations for basement office exercise room and storage rooms in existing 5 story hotel. No change to zoning use occupancy egress structure or exterior as per plans self certJob Value: $40,000Status: issuedType: Renovation/alterationBusiness Name: Gansari & Associates LLC; JH Plumbing Solutions Incorpor; John's Heating; MPI Contracting INCApplicant: Jaslin HotelFees: $3,000Effective Date: 2018-07-06Permit Number: 100766064
March 26, 2018
Description: Led illuminated wall sign on north elevation with 13 square feet of textJob Value: $1,500Status: issuedType: SignsBusiness Name: Corp ID Solutions INC; Lite Zone ElectricFees: $250Effective Date: 2018-03-26Permit Number: 100725371
March 26, 2018
Description: Led illuminated projecting sign on north elevation with 28 square feet of textJob Value: $1,500Status: issuedType: SignsBusiness Name: Corp ID Solutions INC; Lite Zone ElectricFees: $300Effective Date: 2018-03-26Permit Number: 100725372
September 26, 2017
Description: Low voltage pos internet and phoneJob Value: $1,000Status: issuedType: Electric wiringBusiness Name: Nagi Construction INCFees: $225Effective Date: 2017-09-26Permit Number: 100727797
August 2, 2017
Description: Sel-cert: tenant build-out of spaces 267 & 269 first floor retail space (starbucks coffee shop) in existing 5 story hotel buildingJob Value: $150,000Status: issuedType: Renovation/alterationBusiness Name: Gansari & Associates LLC; JH Plumbing Solutions Incorpor; John's Heating INC; KH IncorporatedApplicant: Jaslin HotelFees: $1,575Effective Date: 2017-08-02Permit Number: 100714127
November 15, 2016
Description: Interior 1st floor american metro bank tenant build-out in an existing 5-story building per plans **certified plans corrections: conditional permit subject to field inspections **Job Value: $80,000Status: issuedType: Renovation/alterationBusiness Name: CM LAN Design Group; Cohen Philip Roger; JH Plumbing Solutions Incorpor; John's Heating INCApplicant: Mandy XuFees: $825Effective Date: 2016-11-15Permit Number: 100666939
July 19, 2016
Description: Revision to permit # 100564274 to revise number of guestrooms from 108 to 101 as built condition per plans - current use: hotel proposed use: hotelJob Value: $1Status: issuedType: Renovation/alterationBusiness Name: John's Heating INC; MPI Contracting INC; Rocha Plumbing INC; Titan Electric INC; Vari RonaldApplicant: Zhi Hai LinFees: $2,674Effective Date: 2016-07-19Permit Number: 100648995
March 17, 2016
Description: Back up generator installationJob Value: $9,000Status: issuedType: Electric wiringBusiness Name: Nagi Construction INCFees: $750Effective Date: 2016-03-17Permit Number: 100639999
February 1, 2016
Description: Interior renovation of basement for new offices in existing 5 story type i-c hotel building w/basement as per plans - current use: mixed use/proposed use: officesJob Value: $60,000Status: issuedType: Renovation/alterationBusiness Name: John's Heating; MPI Contracting INC; Rocha Plumbing INC; Titan Electric INC; Vari RonaldApplicant: Chicago America Real Estate LLCFees: $2,495Effective Date: 2016-02-01Permit Number: 100630493
January 25, 2016
Description: Interior renovation of hotel lobby and gift shop in existing 5 story type i-c hotel building w/basement as per plans - current use: mixed use hotel lobby/proposed use: mixed use hotel lobby and gift shopJob Value: $40,000Status: issuedType: Renovation/alterationBusiness Name: John's Heating; MPI Contracting INC; Rocha Plumbing INC; Titan Electric INC; Vari RonaldApplicant: Chicago America Real Estate LLCFees: $825Effective Date: 2016-01-25Permit Number: 100630495
May 12, 2015
Description: Installation of fire alarm system per sect.#15-16-110 & 13-176-050(b). An elevator re-call is included. B, 1-5 fls. Non-sprinklered hotel ck#3806;$500.00Status: issuedType: Electric wiringBusiness Name: Omega Electric CO INCFees: $50Effective Date: 2015-05-12Permit Number: 100575902
March 29, 2015
Description: To provide 1 set of low voltage telephone wiring 1 set of low voltage wiring for T.V. 1 set of internet wiring and 1 set of rescue area wiring for the hotelJob Value: $30,000Status: issuedType: Electric wiringBusiness Name: Newtech Engineering LTDFees: $250Effective Date: 2015-03-29Permit Number: 100587263
February 2, 2015
Description: 5th story addition and renovations to 4 story building type i-c hotel building (108 guestrooms) w ground floor commercial and basement as per plansJob Value: $450,000Status: issuedType: Renovation/alterationBusiness Name: John's Heating INC; MPI Contracting INC; Richard & Sons; Rocha Plumbing INC; Sciortino Group INCApplicant: Chicago America Real Estate LLCFees: $5,404Effective Date: 2015-02-02Permit Number: 100564274
December 10, 2014
Description: Installation of (2) 2100# cap 6-stop hydraulic passenger elevators pursuant to plans submitted. Installations to be made in compliance with 2010 city of chicago elevator codeJob Value: $180,000Status: issuedType: Elevator equipmentBusiness Name: Essential Elevator INCApplicant: Chicago America Real Estate LLCFees: $610Effective Date: 2014-12-10Permit Number: 100573880
September 25, 2014
Description: Erect 1 modular scaffodl from 9/25/2014 to 9/25/2015Job Value: $1Status: issuedType: ScaffoldingBusiness Name: Menotti & COApplicant: Chicago America Real Estate LLCFees: $100Effective Date: 2014-09-25Permit Number: 100562669
May 16, 2013
Description: New 4 story type i-c hotel building (72 guestrooms) w gound floor commercial and basement as per plans {see permit #100564274 issued 02-02-15 - 5th story addition} and {revision #100648995 issued 07-19-16 to revise guestrooms from 108 to 101}Job Value: $3,500,000Status: issuedType: New constructionBusiness Name: John's Heating INC; MPI Contracting INC; Richard & Sons; Rocha Plumbing INC; Sciortino Group INCApplicant: Chicago America Real Estate LLCFees: $12,491Effective Date: 2013-05-16Permit Number: 100473788
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$190,580.75From latest Total Assessed Value20.35%Total Assessed Value$936,409=Land+
Assessed Value$99,475Additions
Assessed Value$836,934
In 2021, taxes billed for 253 Cermak Rd were $190,580.75, which is 20.35% from latest Total Assessed Value of $936,409.
Property History
253 Cermak Rd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 253 Cermak Rd
Hazard Risks
Tornado210Wind156Hail152Particulates135Weather108Ozone104Carb Mono102Air Pollution101Nat'l Avg100Lead54Earthquake45Hurricane14
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 253 Cermak Rd.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
253 Cermak Rd has a walkability score of 18 out of 20, which means that it is in a most walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
20°F
High
34°F
Summer
Average
Low
63°F
High
81°F
In the winter at 253 Cermak Rd, temperatures range from 20.14°F to 34.14°F with an average of 27.14°F. In the summer, the temperature ranges from 62.66°F to 80.87°F with and average of 71.77°F.
School Information
Public/private schools serving 253 Cermak Rd
Public Schools
Haines Elementary School
Grades: PK-8
0.19 mi
A
Phillips Academy High School
Grades: 9-12
2.08 mi
F
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 253 Cermak Rd have ratings undefined, and undefined.
Neighborhood
This property is located in Chinatown, Chicago, IL 60616.
Seasonal Housing units 60616
8%of housing is for seasonal rent.
Daytime Population for 60616
+12%of people during work hours.
Boundary map of Chinatown.
Crime Index for 60616
143
143
The crime index in 60616 is 143, which is 1.4 times higher than national average.
Market Trends
Historical market data near 253 Cermak Rd over selected time period.
Nearby Properties on Cermak Rd
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