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Property profile & analytics
OFF-MARKET Estimated value $775,000
Retail residential properties

5938 Broadway St Chicago, IL 60660-3562

3,400 SF 0.14 ac lot Built 1901
Entity Owned 16-yr Hold Free & Clear
Property ID
US28-5189749
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity is located in Chicago's vibrant Edgewater neighborhood at 5938 N Broadway Street, boasting a prime location with high foot traffic. The 3,000 square foot space features two fully equipped kitchens – a pizzeria and a bistro – perfect for a diverse menu. The spacious dining area comfortably seats 99 guests, complemented by additional cafe seating. A fully equipped bar, complete with glassware, adds to the establishment's appeal. A large patio further enhances the dining experience, offering seating for an additional 40 patrons. The property includes a new HVAC system and a new, extra-large walk-in cooler. High-quality appliances and stylish furniture are included, featuring Blodgett ovens, True coolers, and all stainless-steel equipment. The property also benefits from ample outlets and plumbing in excellent condition. The asking price is $100,000, and the lease is $6,000 per month, inclusive of CAM charges. The liquor license is included in the sale. The lot size is 6,250 square feet. This is a rare chance to acquire a fully operational restaurant with significant potential in a highly desirable location. Don't miss this opportunity to establish your own successful culinary venture.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1901
Total area 3,400 SF
Lot 0.14 ac (6,250 SF)
APN 14-05-304-011
UPID US28-5189749
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Skirce Co. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$885k
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k
Owner & transaction history
5938 N Broadway LLC · 16 yrs held
5938 N Broadway LLC
since 2009
3 recorded transactions
2009
$480,700
2006
$1.6M
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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