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Licensed Bed & Breakfast with Rooftop Terrace
For Sale
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1428 N Cleveland Ave, Chicago, IL 60610

Furnished 2016 brick-and-limestone residence with eight en-suite rooms and substantial outdoor entertaining areas.

Property SizeContact for details
Days on Market144

Property Features for 1428 N Cleveland Ave

General Information

Standard status Active
Property subtype Industrial, Hospitality, Business for Sale

Financials

Gross Income $520,000
Business Included Yes

Additional Details

Furnished Yes
Multifamily Units 1

Amenities

multiple balconies
rooftop terrace
fireplace
hardwood floors
deck
walk-out basement

Building Details

Year Built 2016
Buildings 1
Construction brick and limestone
Listing Agency: Jameson Commercial Real Estate
Listed By: Jason Hiller · License #IL 475158547
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 6:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jameson Commercial Real Estate

Investment Insights

Based on property information with market context.

This furnished bed-and-breakfast property occupies a 4,000+ SF brick-and-limestone residence completed in 2016. The home includes eight en-suites, a finished walk-out basement with two additional en-suites, multiple balconies, and a 69 x 18 rooftop terrace with a second kitchen. Interior features include 10-foot ceilings, wide-plank hardwood floors, two fireplaces, a dining room, family room, powder room, and a custom kitchen equipped with stainless steel appliances, double dishwashers, double ovens, a six-burner cooktop, refrigerator/freezer, ice-maker, two sinks, stone counters, and a large seating island.

The City of Chicago has approved the property for a bed-and-breakfast license. A large deck extends from the main living areas, while the rooftop provides panoramic city skyline views. The property is located near Lincoln Park, the zoo, beaches, shopping, restaurants, and several schools, including Catherine Cook, Franklin, British International, LaSalle Language, St. Ignatius, and Latin.

Key Highlights

  • City of Chicago‑approved bed‑and‑breakfast license
  • 4,000+sf furnished residence built in 2016
  • Eight en‑suites plus 2 additional basement en‑suites

Property Analytics

Current Use

The Sono Chicago Bed & Breakfast

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Daycare Center Restaurant Nursing Home Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

5,224
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Bed & breakfast - Furnished 2016 brick-and-limestone residence with eight en-suite rooms and substantial outdoor entertaining areas.
Where is this bed & breakfast located?
The property is located at 1428 N Cleveland Ave Chicago, IL.
What are key features of this property?
This property features: City of Chicago‑approved bed‑and‑breakfast license; 4,000+sf furnished residence built in 2016; Eight en‑suites plus 2 additional basement en‑suites
(773) 412-3899 Call to check price and availability
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