Restaurant with Income-Generating
5960 South Archer Avenue Chicago, IL 60638
5960 South Archer Avenue, Chicago, IL, 60638
$875,000
Pending
For Sale
$875,000
Pending
Restaurant business with two apartments and ample parking.
Property Size4,750 SF
Days on Market243
Property Features for 5960 South Archer Avenue
General Information
- Standard status
- Pending
- Size
- 4,750 SF
Building Details
- Year Built
- 1955
Listing Agency
Midwest Real Estate Brokerage LLC
(773) 719-5207
Listed by
Joel Mandujano · License #475139231
(773) 719-5207
Source
Compass
Added: Nov 17, 2025 Checked: Jul 17 at 3:42 am
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 Midwest Real Estate Brokerage LLC
Investment Insights
Based on property information with market context.
This property presents an opportunity to own a restaurant business along with two apartments, offering potential residential income. Each apartment currently generates $1650 in rent. Additionally, the property includes a 2-car garage with each space renting for $100. The property features ample parking space for approximately 25 cars. The sale includes the building, business license, all current inventory, and fixtures. The building and restaurant are reported to be in great condition. The property is located in a prime location.
Key Highlights
- Restaurant business included with building sale.
- Prime location with ample parking for 25 cars.
- Two apartments provide rental income of $1650 each.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.7k | $25.20 |
| − Vacancy | −$6.6k | −$1.39 |
| EGI | $113.1k | $23.81 |
| − OpEx | −$33.9k | −$7.14 |
| NOI | $79.2k | $16.67 |
4,750 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.11M – $1.47M
NOI $88,407 @ 7.0% cap · market cap 10.10%
Second Best
Multifamily LT 5
$1.13M
$989.8K – $1.32M
NOI $79,182 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,773 @ 7.0% cap · market cap 17.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mariscos El Oceano
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant business with two apartments and ample parking.
Where is this conventional restaurant located?
The property is located at 5960 South Archer Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Restaurant business included with building sale.; Prime location with ample parking for 25 cars.; Two apartments provide rental income of $1650 each.
