3930 School Street

    Chicago, IL 60618
    • $149,000
    • STATUS: Active
    • ON SITE: 16 days
    • MLS #: 10371999
    UPDATED: 16 min ago
    $149,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,447
      SQFT
    • $103
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    For Sale - Rarely available European Sports Bar and Cafe in hot Avondale Neighborhood. Sale price includes all FF&E, licenses, bar inventory and business name. Very successful neighborhood bar operating for more than 10 years that offers full-kitchen and bar service seven days a week. During the day, patrons enjoy gourmet coffee service and at night they enjoy beer/cocktails while watching European Football games or hire out areas for private parties. The property offers a 32-foot wrap around bar, brick walls, exposed ceiling timbers and private outdoor patio. Additional outdoor seating also available in the front of the building. Annual gross revenue exceeds $360K. Monthly rent is $3,500 and will require assumption of existing lease or negotiating a new lease with the Landlord. Current restaurant is 1,447 SF and there is an option to expand and double the size of the bar. Please do not disturb existing business.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2019-05-25T15:52:14.237 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.centralilhomefinder.com/homes/94535460

    3930 School Street Chicago, IL 60618

    • Price: $149,000
    • Status: Active
    • Updated: 16 min ago
    • MLS #: 10371999
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,447
    SQFT
    $103
    $/SQFT
    Neighborhood:
    Chi - Avondale
    County:
    Cook
    Area:
    Chi - Avondale
    Property Description
    For Sale - Rarely available European Sports Bar and Cafe in hot Avondale Neighborhood. Sale price includes all FF&E, licenses, bar inventory and business name. Very successful neighborhood bar operating for more than 10 years that offers full-kitchen and bar service seven days a week. During the day, patrons enjoy gourmet coffee service and at night they enjoy beer/cocktails while watching European Football games or hire out areas for private parties. The property offers a 32-foot wrap around bar, brick walls, exposed ceiling timbers and private outdoor patio. Additional outdoor seating also available in the front of the building. Annual gross revenue exceeds $360K. Monthly rent is $3,500 and will require assumption of existing lease or negotiating a new lease with the Landlord. Current restaurant is 1,447 SF and there is an option to expand and double the size of the bar. Please do not disturb existing business.
    Exterior Features

    Approx Land Sq Footage 1447 Lot Dimensions 32X54 Lot Sq Ft 1728 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Central Air Number Of Stories 1

    Property Features

    Adj Net Inc Expense Source Actual Adjusted Net Income 141000 Ann Rnt Expense Source Actual Annual Rent For Real Estate 42000 Business Age 11+ Years Business Name Milano Cafe & Bar Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurant Corporate Limits Chicago Cost Of Goods Expense Source Actual Cost Of Goods Sold 999999 Cost Of Goods Year 2018 Electrical Service 201-600 Amps Food Beverage Type Coffee ShopRestaurant Gross Payroll 999 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2018 Gross Profit 999999 Gross Profit Expense Source Actual Gross Profit Year 2018 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2018 Gross Sales Annual 360000 Heat Ventilation Forced AirGas Inventory 30000 Inventory Expense Source Owner Projection Inventory Year 2018 Known Encumbrances None Known Lease Type Gross Net Operating Income Year 2018 Net Profit 141000 Net Profit Source Actual Possession Closing Property Offered For Sale Only Real Estate Included YN No Tax Year 2017 Taxes 6150 Tenant Pays ElectricHeatScavenger Total Op Exp Year 2018 Total Op Expense Source Actual Total Operating Expenses 219000 Type Of Lease Gross Lease Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Be Realty, Llc.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2019-05-25T15:52:14.237 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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