6154 Milwaukee Avenue

    Chicago, IL 60646
    • $1,475,000
    • STATUS: Active Under Contract
    • ON SITE: 286 days
    • MLS #: 10427753
    Under Contract
    UPDATED: 65 min ago
    $1,475,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,023
      SQFT
    • $367
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Two Story Restaurant with Real Estate Including a One of a Kind Licensed, Roof-Top Patio on Milwaukee Ave. in Norwood Park. The Roof-Top Patio has a Retractable Awning with Retractable Side Curtains for Year Round Use. Real Estate-Only Appraised for $805,000...dated 10-31-2019. Consistent Yearly Cash-Flow Above 235 K Per Year. The Sale of the Business' Corporate Entity Will Allow for All Licenses (Incidental Liquor, Retail Food, Roof-Top Patio) to be "Grandfathered". All FF&E Including 12 Tap Handles with Glycol Refrigeration System. Internal & External Occupancy = 187 Total: (99 First Floor; 38 Second Floor; 50 Roof-Top Patio). Business / Building Square Footage = 4,023 SF: 2,300 SF 1st Floor; 795 SF 2nd Floor; 928 SF Roof-Top Patio. Land Square Footage = 2,600 SF (25 FT X 104 FT). 2018 RE Taxes: $6,074.35. Zoning: B3-1. Proof of Funds Required Prior to Showing. DO NOT DISTURB EMPLOYEES

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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 eXp Realty. Based on information submitted to the MRED as of 2020-04-06T08:49:29.987 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.spaniakteam.com/homes/96223212

    6154 Milwaukee Avenue Chicago, IL 60646

    • Price: $1,475,000
    • Status: Active Under Contract
    • Updated: 65 min ago
    • MLS #: 10427753
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    4,023
    SQFT
    $367
    $/SQFT
    Neighborhood:
    Chi - Norwood Park
    County:
    Cook
    Area:
    Chi - Norwood Park
    Property Description
    Two Story Restaurant with Real Estate Including a One of a Kind Licensed, Roof-Top Patio on Milwaukee Ave. in Norwood Park. The Roof-Top Patio has a Retractable Awning with Retractable Side Curtains for Year Round Use. Real Estate-Only Appraised for $805,000...dated 10-31-2019. Consistent Yearly Cash-Flow Above 235 K Per Year. The Sale of the Business' Corporate Entity Will Allow for All Licenses (Incidental Liquor, Retail Food, Roof-Top Patio) to be "Grandfathered". All FF&E Including 12 Tap Handles with Glycol Refrigeration System. Internal & External Occupancy = 187 Total: (99 First Floor; 38 Second Floor; 50 Roof-Top Patio). Business / Building Square Footage = 4,023 SF: 2,300 SF 1st Floor; 795 SF 2nd Floor; 928 SF Roof-Top Patio. Land Square Footage = 2,600 SF (25 FT X 104 FT). 2018 RE Taxes: $6,074.35. Zoning: B3-1. Proof of Funds Required Prior to Showing. DO NOT DISTURB EMPLOYEES
    Exterior Features

    Approx Land Sq Footage 4023 Construction Brick Frontage Access City Street Lot Dimensions 25 X 104 Lot Sq Ft 2600 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Central AirZoned Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/S Number Of Stories 2

    Property Features

    Adj Net Inc Expense Source Broker Projection Adjusted Net Income 0 Ann Rnt Expense Source Broker Projection Annual Rent For Real Estate 0 Business Age 7-10 Years Business Name The Garage Bar & Sandwiches Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurant Contingency Flag Attorney/Inspection Corporate Limits Chicago Cost Of Goods Expense Source Broker Projection Cost Of Goods Sold 0 Cost Of Goods Year 2018 Current Use Commercial Electrical Service 201-600 Amps Food Beverage Type Restaurant Gross Payroll 0 Gross Payroll Expense Source Broker Projection Gross Payroll Year 2018 Gross Profit 0 Gross Profit Expense Source Broker Projection Gross Profit Year 2018 Gross Sales Ann Expense Source Broker Projection Gross Sales Ann Year 2018 Gross Sales Annual 0 Heat Ventilation Forced AirGas Inventory 0 Inventory Expense Source Broker Projection Inventory Year 2018 Known Encumbrances None Known Miscellaneous Outside Handicapped AccessPatioSatellite DishSecurity LightingSecurity System Net Operating Income Year 2018 Net Profit 0 Net Profit Source Broker Projection Possession Closing Potential Use CommercialLiquor LicenseRetail Property Offered For Sale Only Real Estate Included YN Yes Seating Capacity 100+ Tax Year 2018 Taxes 6074.35 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialOperating StopsReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerWater/SewerCooking Gas Total Op Exp Year 2018 Total Op Expense Source Broker Projection Total Operating Expenses 0 Type Of Lease None Type Ownership Business Corporation Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Jameson Commercial.


    © 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 eXp Realty. Based on information submitted to the MRED as of 2020-04-06T08:49:29.987 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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