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Multi-Section Restaurant Property
For Sale
$1,199,000

2723 W Howard Avenue, Chicago, IL 60645

Business Opportunity, Chicago, IL

Property SizeContact for details
Lot Size0.41 Acres
Days on Market26

Property Features for 2723 W Howard Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions Western Ave., west on Howard St. to address California Ave. east on Howard St., to address
Subdivision CHI - West Ridge
Standard status Active
APN 10254000490000
Lot size 0.41 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 72444

Utilities

Cooling system Central Air

Building Details

Floors in Building 1
Building materials Concrete
Listing Agency: Century 21 Circle · Coldwell Banker Real Estate
Listed By: Mark Ahmad · License #471007186
Added: Jul 28 Changed: Aug 20 Last Checked: Aug 22 at 11:06PM
MLS# 12717644

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This restaurant property comprises four distinct building sections, including an exterior gazebo and patio that may be enclosed for year-round use. The improvements are constructed of concrete and include central air. Three building sections accommodate restaurant operations, with one currently used by the owners and additional space leased to a tenant through December 31, 2028. The owner may vacate the occupied space upon sale or arrange a leaseback.

The real estate includes two Chicago building parcels and two parcels across Howard St. on the Evanston side, including a vacant lot designated for parking. The property is located at 2723 W Howard Avenue in Chicago, between Western Ave. and California Ave., near established retailers, major roads, and interstates. Zoning is COMMR.

Key Highlights

  • Four distinct building sections, including an exterior gazebo and patio
  • Three building sections accommodate restaurant operations
  • Tenant lease runs through December 31, 2028

Property Analytics

Current Use

Conventional restaurants

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,099
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 89% Shops & Services 11%
Domino's Pizza Dining
4,821 visits/mo 0.5 miles
H&R Block Shops & Services
566 visits/mo 0.5 miles

Demographics for 60645, IL

48,356
Population
18,143
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
21,980
Density / Sq Mi
$77,126
Median Household Income
$40,666
Median Earnings
$1,424
Median Rent
$308,200
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Similar Off Market Nearby

  • Hong Kong Buffet 6249 N McCormick Blvd, Chicago, IL 60659

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Includes patio space, dedicated parking areas, and a leased restaurant component.
Where is this conventional restaurant located?
The property is located at 2723 W Howard Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Four distinct building sections, including an exterior gazebo and patio; Three building sections accommodate restaurant operations; Tenant lease runs through December 31, 2028
More about this property
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