3930 W School Street Chicago, IL $ 185,000
3930 W School Street
$ 185,000
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3930 W School Street

Chicago, IL, 60618
$ 185,000
Baths0.0 Sq 1,447

Monthly Estimate*

$ 1,230

3930 W School Street, Chicago, IL 60618 - Image 1
Studio

Commercial Property for sale in Chicago, IL

for $185,000. This 1,447 square foot building was built on a lot size of 0.039669.

Business Only For Sale - Rarely available European Sports Bar and Cafe in hot Avondale Neighborhood. Sale price includes all FF&E, bar inventory and business name. Very successful neighborhood bar operating for more than 10 years that offers full-kitchen and bar service seven days a week. During the day, patrons enjoy gourmet coffee service and at night they enjoy beer/cocktails while watching European Football games or hire out areas for private parties. The property offers a 32-foot wrap around bar, brick walls, exposed ceiling timbers and private outdoor patio. Additional outdoor seating also available in the front of the building. Annual gross revenue exceeds $315K. Video gaming was recently added to increase potential revenue. Monthly rent is $4,000 per month and will require assumption of existing lease or negotiating a new lease with the Landlord. Current restaurant is 1,447 SF. Please do not disturb existing business, but feel free to patronize the establishment. This is an asset sale and not a stock sale, so the existing corporation is not included in the sale. Licenses can be transferred via short term management agreement until new licenses are issued. There is no real estate for sale with this listing.

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Commercial Active

Price

$ 185,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,150

Style

Bar/Tavern/Lounge,Food & Beverage,Restaurant

Lot Size

0.039669

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12055087

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Electric Service - 201 to 600 Amps
Tenant Pays Electricity Heat Scavenger
Stories 1
Tax Year 2022
Business Type Bar/Tavern/Lounge Food & Beverage Restaurant
Business Name MILANO CAFE & BAR
County Cook
Operating Expense 200000
Property Type Business Opportunity Bus / Bus w/Real Est
Status Active
Directions Belmont to Avers Ave. North on Avers to School Street. West on School Street to property.
City Chicago
MLS Area CHI - Avondale
Lot Size Square Feet 1728
Street Name School
Tax Annual Amount 6150
Additional Parcels Y/N N
Days on Market 6
Lease Type Gross
Standard Status Active
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Exterior
Building Area Total 1447
Lot Dimensions 32X54
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Interior
Street Suffix Street
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* Excluded Features
List By
Be Realty, Llc

Broker

mikus.kins@berealtygroup.com

Email

Affordability Calculator

$1,742
Per Month
71%
29%
0%
Monthly Principal & Interest
$1,230
Monthly Property Taxes
$513
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2024$185,000 Listed Price

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3930 W School Street, Chicago, IL, 60618 is a Commercial Property for sale at $185,000 with 1,447 sqft and a lot size of 0.039669. 3930 W School Street is a studio with 0.0 baths. The property's zip code is 60618 which is in Chicago, IL