3938 Central Avenue

    Chicago, IL 60634
    • $500,000
    • STATUS: Active
    • ON SITE: 262 days
    • MLS #: 10513001
    UPDATED: 34 min ago
    $500,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,712
      SQFT
    • $184
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    BUSINESS OR BUSINESS & REAL ESTATE FOR SALE. $50K for business, owner to lease back. Business & RE for $500,000. Charming and cozy restaurant in Portage Park. Owner estimates inside seats 50+ people and the outside seats another 50+ people. Large bar w/4 pub tables, private dining area as well. Previously Cochinita & The Portage. Great for owner-operator. Incidental liquor license thru 10/15/19, serve till 2 AM all days 3 AM on Saturday, owner willing to renew with a contract. Full rehab including electric, plumbing, mechanicals, and kitchen equipment. 2 bed 1 bath apartment on 2nd fl for added income. Turnkey uses; pub, wine bar & restaurant. Virtual tour and floorplans in the listing. Brilliant opportunity, jump on this!

    Monthly Payment Calculator



    © 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 Touchstone Group. Based on information submitted to the MRED as of 2020-05-30T09:50:22.833 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
    www.tsgre.com/homes/98822059

    3938 Central Avenue Chicago, IL 60634

    • Price: $500,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 10513001
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    2,712
    SQFT
    $184
    $/SQFT
    Neighborhood:
    Chi - Portage Park
    County:
    Cook
    Area:
    Chi - Portage Park
    Property Description
    BUSINESS OR BUSINESS & REAL ESTATE FOR SALE. $50K for business, owner to lease back. Business & RE for $500,000. Charming and cozy restaurant in Portage Park. Owner estimates inside seats 50+ people and the outside seats another 50+ people. Large bar w/4 pub tables, private dining area as well. Previously Cochinita & The Portage. Great for owner-operator. Incidental liquor license thru 10/15/19, serve till 2 AM all days 3 AM on Saturday, owner willing to renew with a contract. Full rehab including electric, plumbing, mechanicals, and kitchen equipment. 2 bed 1 bath apartment on 2nd fl for added income. Turnkey uses; pub, wine bar & restaurant. Virtual tour and floorplans in the listing. Brilliant opportunity, jump on this!
    Exterior Features

    Approx Land Sq Footage 1625 Construction Brick Frontage Access City Street Location Mixed Use AreaPublic Transport Avail Lot Dimensions 27.6 X 126 Lot Sq Ft 3477 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Central Air Number Of Stories 2

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 999 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 999 Business Age 7-10 Years Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurant Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 999 Cost Of Goods Year 2017 Current Use Commercial Electrical Service 101-200 Amps3 Phase Gross Payroll 999 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2017 Gross Profit 999 Gross Profit Expense Source Owner Projection Gross Profit Year 2017 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2017 Gross Sales Annual 999 Heat Ventilation Central Heat/Indiv ControlsForced AirGas Inventory 999 Inventory Expense Source Owner Projection Inventory Year 2017 Known Encumbrances None Known Miscellaneous Outside Patio Net Operating Income Year 2017 Net Profit 999 Net Profit Source Owner Projection Possession Closing Potential Use CommercialLiquor LicenseResidential-Multi-FamilyRetail Property Offered For Sale Only Real Estate Included YN Yes Tax Year 2018 Taxes 5377 Tenant Pays Varies By Tenant Total Op Exp Year 2017 Total Op Expense Source Owner Projection Total Operating Expenses 999 Type Of Lease Net Lease Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties.


    © 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 Touchstone Group. Based on information submitted to the MRED as of 2020-05-30T09:50:22.833 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
     
    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647