Restaurant with Carryout
5851 W 63rd St, Chicago, IL 60638
For Sale
$379,000
The operation serves customers through both dine-in and carryout service.
Property Size1,730 SF
Price / SF$219.08
Days on Market42
Property Features for 5851 W 63rd St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Business Included
Currently Operating
Listing Agency:
New West Realty Partners LLC
Listed By:
Donna Anello-Surma
(312) 927-1434
Source:
Illianahomesource
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 7:02AM
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 New West Realty Partners LLC
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Investment Insights
Based on property information with market context.
This 1,730-square-foot restaurant at 5851 W 63rd St in Chicago offers both dine-in and carryout service. The owner has operated the business since 1985.
Key Highlights
- 1,730‑square‑foot restaurant at 5851 W 63rd St in Chicago
- Dine‑in and carryout service
- Business operated by the current owner since 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,199
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,980
$644.0K
Cap Rate 7%
$459,986
$460.0K
Cap Rate 9%
$357,767
$357.8K
Market Conditions
NOI Build-Up for 1,730 SF
Gross rent
$45.7K $26.40/SF
− Vacancy
−$2.7K −$1.58/SF
EGI
$42.9K $24.82/SF
− OpEx
−$10.7K −$6.20/SF
NOI
$32.2K $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%
$643,980
Cap Rate 7%
$459,986
Cap Rate 9%
$357,767
Alternative Uses
Best Use
Specialty Retail
$460.0K
$402.5K – $536.7K
NOI $32,199 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$815.7K
$713.7K – $951.6K
NOI $57,098 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60638, IL
56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Chicago, IL
Properties on Market for Conventional restaurants in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The operation serves customers through both dine-in and carryout service.
Where is this conventional restaurant located?
The property is located at 5851 W 63rd St Chicago, IL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,730‑square‑foot restaurant at 5851 W 63rd St in Chicago; Dine‑in and carryout service; Business operated by the current owner since 1985
