Exclusive Listing

Closed

$1,440,000

Favorite

7,000

square ft

2434 W Montrose Avenue

CHICAGO, Illinois 60618

Closed / MLS #9181519 / Business / South East Ravenswood

Listing information updated 4/1/2017 at 3:04am

7,000 sq ft fully built out, free standing restaurant for sale or lease in Lincoln Square! Full gut renovation in 2014 - previous owner invested over $1.5 million in improvements. 3 full bars, indoor seating for over 150 with additional patio off of Artesian, 80 inch flat screen TVs, state of the art projector and sound system, over $200K of new kitchen equipment with black iron in a 1000 sq ft kitchen. All furniture, fixtures and equipment are included in sale price. Large basement with 3 walk in cold storage areas, office, drain lines, dozens of beer lines and soda lines, ramp for keg delivery , fully equipped with surveillance/security. Current zoning is B3-2, which allows for an additional 3 floors of vertical residential construction. Condos next door are selling for $550K. Total potential sellout of a development project is $4.1 million.

Full Features

Lot Size:

Less Than .25 Acre

Cooling System:

Central Air

Stories:

Current Use:

Commercial

Business Use:

Bar/Lounge/Nite Club, Food and Beverage, Restaurant

Potential Use:

Commercial, Condominium, Residential-Multi-Family, Retail

Zoning:

COMMR

Building Square Feet:

7,000

Taxes & Assessments

Tax Amount:

$39,773

Tax Year:

N/A

Location

Zip Code:

60618

City:

Chicago

County:

Cook

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

CTA

Brown line at Western

Metra

Union Pacific North line at Ravenswood Metra

$596,452

Average Sale Price

Average Days On The Market

100%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

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2434 W Montrose Avenue is a business which sold for $1,440,000. This business has been listed on @properties since April 1st, 2016. The nearest transit stops include Western CTA Brown line and Ravenswood Metra Metra Union Pacific North line.