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    1002 North California Ave Chicago, IL 60622

    For Sale
    $295,000

    Turn-key tavern with licenses, long-term lease, and loyal customer base.

    Property size:
    3,323 SF

    Property Features for 1002 North California Ave

    General Information

    Zoning
    C1-2
    Size
    3,323 SF

    Source: Marcus Sullivan Agent Marcus Sullivan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Tavern in Humboldt Park

    This is an opportunity to acquire a well-established tavern in a vibrant Chicago neighborhood. The fully licensed operation includes both a Tavern License and a Public Place of Amusement (PPA) License, allowing for live entertainment and a full bar experience. A long-term lease is in place. The facility has been renovated with modern systems, upgraded finishes, and improvements throughout. Located in a high-traffic area, the tavern benefits from visibility, foot traffic, and an established customer base. The concept has a reputation for quality, atmosphere, and service. Humboldt Park is known for its arts scene and community vibe. The area blends cultural tradition with modern energy, attracting locals and visitors. The park offers green space, lagoons, and festivals. The tavern is surrounded by retail, dining, and nightlife co-tenants. The property size is 3323 square feet. The business is currently operating.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The California Clipper Lounge

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rootstock Wine & Beer Bar, Bull Mountain Taproom, Archie's Iowa Rockwell Tavern, VIP Smoke and Exotic Snacks | SMOKE SHOP NEAR ME | VAPES | CIGARS | THC | CBD, Richmonds Sports Bar

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6963271
    Latitude
    41.8690506

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    FAQs

    What type of property is this?
    Bar - Turn-key tavern with licenses, long-term lease, and loyal customer base.
    Where is this bar located?
    The property is located at 1002 North California Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Tavern & PPA Licenses in place, allowing for a full bar and live entertainment.; - Long-term lease with favorable terms provides stability and security.; - Recently renovated with modern systems and upgraded finishes, making it turn-key.
    (773) 405-4641
    Request Owner's contact information
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    Chicago, IL 60622
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1002 North California Ave Chicago, IL 60622
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