Well managed bar with 70 years of consistent clientele and one of the oldest tavern licenses in Chicago (and spotless at that!). Building with solid rental income potential, profitable business, and tavern license all sold together with all other assets including interior and exterior furniture, bar, walk-in cooler, jukebox, billiards table, taps, ice machine, etc. Private back yard area features deck for patrons. Two car carriage house garage. Second floor offers a 2 bed/1 bath apartment for rental income of $15,000 per year. $33K per year in rental income possibility on first floor. Cap rate of 5.8% on real estate alone, but selling with tavern license and assets additional $150K in beverage sales profit per year and $14K in jukebox/billiards annual profit.
This listing 5522 North Elston Avenue Chicago, Il 60630
is a mixed use listing
on a lot of 3,125 sqft (or 25 x 124). 5522 North Elston Avenue was built in 1926. 5522 North Elston Avenue is located in Chicago and in ZIP Code 60630.
It has been listed on our site since 5/31/18.
All information provided is deemed reliable but is not guaranteed and should be independently verified. School assignments are subject to change. Please consult with the appropriate school system for student assignment.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than
Baird & Warner are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.
Jefferson Park real estate is one of the most attractive aspects of this Chicago neighborhood. Attracting both younger college grads and families, Jefferson Park is one of Chicago’s oldest and culturally diverse areas.
Best known as a transportation hub in the Chicago’s northwest side, the community offers some of the city’s best schools.With great restaurants and thea...
*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.