Sports Bar and Apartment
For Sale
Contact for pricing
3477 N Clark St, Chicago, IL 60657
Three-story building with first-floor sports bar space and two apartments above, plus a 1,100 SF basement.
Property Size5,477 SF
Price / SF$392.46
Days on Market109
Property Features for 3477 N Clark St
General Information
Standard status
Active
Size
5,477 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Lakeview
Additional Details
Business Included
Yes
Building Details
Buildings
1
Stories
3
Building Size
5,477 SF
Tenancy
Multi
Listing Agency:
Miller Chicago
(312) 988-0669
Listed By:
Andrea Miller · License #471016960
(312) 513-8333
Source:
Moodyscre
Added: Jul 16
Changed: Oct 26
Last Checked: Nov 1 at 5:58AM
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 Miller Chicago
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Investment Insights
Based on property information with market context.
This three-story building offers first-floor commercial space plus two residential units above, creating a combined bar-and-apartments configuration. The property includes 5,477 Sq Ft of building area and an additional 1,100 Sq Ft basement with restrooms and storage. The operating bar includes a 2 am tavern license available for transfer, subject to negotiation.
The upper floors feature two apartments: a 3-bedroom, 2-bath unit on the 2nd floor (1,000 Sq Ft) and a 3-bedroom, 2-bath unit on the 3rd floor (1,100 Sq Ft). Wrigley Field, home of the Chicago Cubs, is listed as a 4-minute walk away, which can drive increased pedestrian and vehicle traffic on game days, and the surrounding Wrigleyville area is described as an entertainment-focused neighborhood.
For operators or investors looking for both a street-level hospitality component and above-floor residential income, the building’s layout supports day-to-night use across multiple levels, with basement space including restrooms and storage.
The upper floors feature two apartments: a 3-bedroom, 2-bath unit on the 2nd floor (1,000 Sq Ft) and a 3-bedroom, 2-bath unit on the 3rd floor (1,100 Sq Ft). Wrigley Field, home of the Chicago Cubs, is listed as a 4-minute walk away, which can drive increased pedestrian and vehicle traffic on game days, and the surrounding Wrigleyville area is described as an entertainment-focused neighborhood.
For operators or investors looking for both a street-level hospitality component and above-floor residential income, the building’s layout supports day-to-night use across multiple levels, with basement space including restrooms and storage.
Key Highlights
- Operating sports bar with a 2 am tavern license available for transfer, subject to negotiation
- Three‑story building with first‑floor commercial space plus two apartments above
- Two 3‑bedroom, 2‑bath apartments: 1,000 Sq Ft on 2nd floor and 1,100 Sq Ft on 3rd floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,703
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,060
$2.1M
Cap Rate 7%
$1,524,329
$1.5M
Cap Rate 9%
$1,185,589
$1.2M
Market Conditions
NOI Build-Up for 5,733 SF
Gross rent
$151.4K $26.40/SF
− Vacancy
−$9.1K −$1.58/SF
EGI
$142.3K $24.82/SF
− OpEx
−$35.6K −$6.20/SF
NOI
$106.7K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,060
Cap Rate 7%
$1,524,329
Cap Rate 9%
$1,185,589
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,703 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.37M – $3.15M
NOI $189,217 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,430
Businesses Nearby
318k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 26%
Groceries 15%
Apparel 10%
Raising Cane's Chicken Fingers
Dining
36,207 visits/mo
0.3 miles
Jewel-Osco
Groceries
30,208 visits/mo
0.5 miles
Shell
Shops & Services
21,286 visits/mo
0.3 miles
Chick-fil-A
Dining
19,353 visits/mo
0.0 miles
Whole Foods Market
Groceries
16,040 visits/mo
0.3 miles
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Starbucks — 2940 N Ashland Ave, Chicago, IL 60657
- Olive Black Chicago — 3032 N Lincoln Ave, Chicago, IL 60657
- Lincoln Tap Room — 3010 N Lincoln Ave, Chicago, IL 60657
- Will's Northwoods Inn — 3030 N Racine Ave, Chicago, IL 60657
- Kirkwood — 2934 N Sheffield Ave, Chicago, IL 60657
Frequently Asked Questions
What type of property is this?
Bar & Pub - Three-story building with first-floor sports bar space and two apartments above, plus a 1,100 SF basement.
Where is this bar & pub located?
The property is located at 3477 N Clark St Chicago, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Operating sports bar with a 2 am tavern license available for transfer, subject to negotiation; Three‑story building with first‑floor commercial space plus two apartments above; Two 3‑bedroom, 2‑bath apartments: 1,000 Sq Ft on 2nd floor and 1,100 Sq Ft on 3rd floor
