PerchChicago
Board detail · Permit #3526
BScore 75/100
top 12% citywide

I-57 billboard — Morgan Park

Solid site — good traffic and visibility. Reasonable candidate.

#2 of 10 boards in Morgan Park by score

1648, West 115th Street, Morgan Park, Chicago
2 faces on this structure. Permits: #3526, #IL00710

For context: many commercial real estate investors target cap rates in the 5–8% range. This board's modeled 14.3% is above that band — not a substitute for your own diligence, but a starting comparison.

Street View ↗
We don't have photos yet; this is the closest thing to one.

The pin is the GPS point on this board's IDOT permit, so the street address is approximate and the sign may sit a little off from it. A permit can also stay on file after a sign comes down. Tip: choose See more dates in Street View to check earlier images. Don't see it? Tell us.

Ask Perch about this board
Submit data by email
Location
NeighborhoodMorgan Park ↗
RouteI-57
Nearest roadI-57
Nearby billboards1 within 0.25 mi
Report card
Traffic
A
137,100 vehicles a day
Visibility
B
route type and distance to the road
Audience
C
area income and population
Value
C
$6.99 per 1,000 views vs. $7 benchmark
Competition
A
1 other structure within 0.25 mi (A means uncluttered)

The overall grade blends traffic, visibility, and audience. Value and competition are extra lenses and are not in the overall score. See Methodology.

Site quality
Traffic score
83/100
Visibility score
75/100
Demo fit score
58/100

Composite 75 = traffic 45.7 (55%) + visibility 15 (20%) + demo fit 14.5 (25%).

Who sees it
Vehicles passing daily137,100 (2025)
Est. monthly reach~1,589,000
Area income$68,615 · 42nd pctl
Area population5,402 · 82nd pctl

Reach is a modeled vehicle-pass estimate (traffic × visibility), not a verified impressions count. Income/population are for the Census tract this board sits in — percentile is rank among all Chicago tracts in this dataset (higher = wealthier/denser).

The money
Perch Estimate / month
$10,500–$11,500
Perch Estimate / year
$133,200
Effective CPM
$6.99
Modeled valuation
~$932,000
Est. cap rate
14.3%
Payback period
~7 yrs
Permit
#3526

Revenue modeled from traffic × visibility at a $7 CPM (cost per 1,000 impressions/month — the standard way outdoor ad space is priced) benchmark, clamped to real Chicago market ranges by road type (source: public OOH rate data, see Methodology). Valuation assumes a 7× annual-revenue multiple (rough rule of thumb, not a real appraisal or listing).

Effective CPM works out to $6.99 per 1,000 modeled monthly views, vs. the $7 Chicago benchmark — at model benchmark — fairly priced.

Value history

Tracking started here — check back after future data updates to see how this board's estimate moves.

2026-09-18B75$10,500–$11,500
View this billboard on the interactive map →

Data as of September 2026