Molly Marino Real Estate Team

5522 North Elston Avenue
CHICAGO, IL 60630

Active

$585,000

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  • 1926 Year Built

  • 5/31/2018 List Date

  • 2,226 Bldg Sq Feet

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.
MLS#
09968884
Property Type
Commercial
original price
$585,000

Additional Details

Interior

Exterior

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.

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Listing Office

Baird & Warner

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