Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3938 N Central Ave Chicago, IL 60634

    For Sale
    $689,900

    Fully renovated restaurant with apartment in prime location.

    Property Features for 3938 N Central Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1950

    Source: ROTHMAN REAL ESTATE Agent SARAH ROBINS

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

    Overview

    Turnkey Restaurant with Remodeled Apartment

    This is a fully renovated restaurant with a remodeled 2-bed apartment above. The 1,700 sq. ft. restaurant space features estimated seating for 75 indoors and 40 on a custom patio. The patio includes a luxury pergola, fire table and newer flooring. The fully equipped kitchen includes a new fryer, Matok double oven, refrigeration, and full bar with draft system and POS setup. The entire property has been gutted to the studs and renovated. Recent upgrades include new HVAC (2022 - 2024), hot water heater (2025), new electrical, plumbing, and flooring throughout. The 1,200 sq. ft. apartment offers a brand-new kitchen, bath, in-unit laundry, and rooftop access, making it ideal for owner-occupancy or rental. A liquor license was previously in place but expired June 2024. All equipment is included and sold as-is. This property presents an opportunity to acquire a fully renovated, ready-to-go space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bluebird American Restaurant

    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

    D'Absolute Events & Catering

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7673375
    Latitude
    41.9524929

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • $4,240,000

      Bronzeville Collection: Turnkey Investment Opportunity

      Classic Chicago 23-unit building with 20 parking spaces.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • $8,360,000

      Bronzeville Multifamily Investment Opportunity

      Completely renovated 31-unit apartment building near Green Line.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • New
      $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,399,000
      10,500 SF

      Renovated Flex Building in Chicago

      Modernized 10,500 SF flex building in a vibrant Chicago neighborhood.
      526 N Western Ave, Chicago, IL 60612
      View Details

    FAQs

    What type of property is this?
    Restaurant - Fully renovated restaurant with apartment in prime location.
    Where is this restaurant located?
    The property is located at 3938 N Central Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $689,900.
    What are key features of this property?
    This property features: - Turnkey, fully renovated restaurant and apartment in a prime location.; - Restaurant features seating for 75 indoors and 40 on a custom patio with pergola and fire table.; - Fully equipped restaurant kitchen with new appliances and full bar with draft system.
    (773) 716-7661
    Request Owner's contact information
    3938 N Central Ave Chicago, IL 60634
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3938 N Central Ave
    Chicago, IL 60634
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3938 N Central Ave Chicago, IL 60634
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.