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    6835-6837 W Addison Street

    Chicago, IL 60634
    • $899,000
    • STATUS: Active
    • ON SITE: 122 days
    • MLS #: 10800632
    UPDATED: 234 min ago
    $899,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Great opportunity to own a bar/restaurant with 3 rental apartments! Fantastic NW Chicago location. Add onto the existing bar or use the vacant lot to provide outdoor seating! 5 garage spaces for tenant use or additional rental income. Note: All apartments are family occupied. Rentals Would be $1100, $1100 & $1200. Two tenants would be interested in staying after purchase! Liquor license could be transferred to new owner. Bar financials provided upon request. Commercial/residential zoned B1-1. Ideal for any mixed-use or to re-develop! Bar owner currently takes $2000/rent!

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    © 2020 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 2020-11-29T23:51:32.24 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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    6835-6837 W Addison Street Chicago, IL 60634

    • Price: $899,000
    • Status: Active
    • Updated: 234 min ago
    • MLS #: 10800632
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    Chi - Dunning
    County:
    Cook
    Area:
    Chi - Dunning
    Property Description
    Great opportunity to own a bar/restaurant with 3 rental apartments! Fantastic NW Chicago location. Add onto the existing bar or use the vacant lot to provide outdoor seating! 5 garage spaces for tenant use or additional rental income. Note: All apartments are family occupied. Rentals Would be $1100, $1100 & $1200. Two tenants would be interested in staying after purchase! Liquor license could be transferred to new owner. Bar financials provided upon request. Commercial/residential zoned B1-1. Ideal for any mixed-use or to re-develop! Bar owner currently takes $2000/rent!
    Exterior Features

    Approx Land Sq Footage 2000 Construction Materials Brick Frontage Type City Street Outdoor Parking Common Parking Parking Total 5 Waterfront YN No

    Interior Features

    Cooling Central Air Heat Ventilation Forced AirGasHot Water Indoor Parking 1-5 Spaces

    Property Features

    Additional Parcels YN Yes Adj Net Income Year 2019 Adjusted Net Income 70000 Annual Rent For Real Estate 64800 Business Age 11+ Years Business Type Bar/Tavern/Lounge Corporate Limits Chicago Cost Of Goods Sold 104000 Cost Of Goods Year 2019 General Information None Gross Payroll 10000 Gross Payroll Year 2019 Gross Profit 102000 Gross Profit Year 2019 Gross Sales Ann Year 2019 Gross Sales Annual 207000 Inventory 25000 Inventory Year 2019 Known Encumbrances None Known Lot Size Less Than .25 Acre Lot Size Dimensions 57X125 Net Operating Income Year 2019 Net Profit 70000 Non- Disclosure Agreement Required YN No Operating Expense 30000 Ownership Type1 IndividualSole Proprietor Possible Use CommercialLiquor LicenseMulti-FamilyRetail Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingBusinessLicense/PermitEquipmentTrade Fixtures Sales Taxes 10000 Sales Taxes Year 2019 Tax Annual Amount 6081 Tax Year 2018 Tenant Pays Air ConditioningElectricityHeat Total Operating Expenses Year 2019 Type Bus / Bus W/Real Est Type Of Lease None Unincorporated YN No

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Realty Ptnr,Ll.


    © 2020 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 2020-11-29T23:51:32.24 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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    Champaign IL, 61822