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For sale
Turn key restaurants
IL
Chicago
60639
6155 W FULLERTON Avenue

Established Banquet Hall with Apartments

6155 W FULLERTON Avenue, Chicago, IL 60639

View on Map

For Sale

$1,249,500

COMMERCIAL - Chicago, IL

Property size:

6,000 SF

Lot size:

0.20 Acres

Price / SF:

$208/SF

HighLights

Established banquet hall business (38+ years) with included furniture, liquor license, and equipment.
Two income‑generating apartments on the second floor (renting for $1,600 and $1,150).
Recently remodeled building with over $300,000 in improvements (new baths, roof, newer furnaces & central air).
Large banquet hall space (over 6,000 sq ft) with a capacity of 200‑250 people.
Excellent location: close to public transportation (CTA, Metra), shopping, schools, and Riis Park.
Solid construction: Concrete, Stucco, and Shingle Siding with a Rubber roof.

We can help!

Listing Contact

Angel Navarro

Learn more

For Sale

$1,249,500

COMMERCIAL - Chicago, IL

Property size:

6,000 SF

Lot size:

0.20 Acres

Price / SF:

$208/SF

Added:: Aug 29, 2025
Days on Market:: 286
Last Refresh:: Jun 10 at 7:06 am

Property Features for 6155 W FULLERTON Avenue

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: COMMR
Standard status: Active
APN: 13321040020000
Size: 6,000 SF
Lot size: 0.20 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 17945

Utilities

Cooling system: Central Air

Building Details

Year built: 1948
Floors in Building: 2
Number of units: 3
Building materials: Concrete, Stucco, Shingle Siding
Roof type: Rubber

We can help!

Listing Contact

Angel Navarro

Listing agent Angel Navarro License #475127008

Listing office RE/MAX 10 Lincoln Park 2429 N. Clark Street, Oak Lawn, IL

Listing date Aug 29, 2025

MLS# 12458534

HighLights

Established banquet hall business (38+ years) with included furniture, liquor license, and equipment.
Two income‑generating apartments on the second floor (renting for $1,600 and $1,150).
Recently remodeled building with over $300,000 in improvements (new baths, roof, newer furnaces & central air).
Large banquet hall space (over 6,000 sq ft) with a capacity of 200‑250 people.
Excellent location: close to public transportation (CTA, Metra), shopping, schools, and Riis Park.
Solid construction: Concrete, Stucco, and Shingle Siding with a Rubber roof.

Overview

This commercial property features an established banquet hall operating for over 38 years, with over 6,000 square feet of space. The building has been recently remodeled, with over $300,000 in improvements. The banquet hall has a capacity for 200 to 250 people and includes all furniture, equipment, and a liquor license. The property also includes two apartments on the second floor, generating additional income. The front apartment rents for $1,600, and the rear apartment rents for $1,150. Recent upgrades include two newer furnaces and central air conditioners, a new roof, and all new bathrooms. The property is located close to public transportation, including CTA and Metra, as well as Home Depot, Lowe's, schools, Riis Park, and the Brickyard Shopping Center, all within walking distance. The lot size is 0.2043 acres. The property is zoned COMMR and is located in Chicago, IL.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$154.8k	$25.80
− Vacancy	−$10.1k	−$1.68
EGI	$144.7k	$24.12
− OpEx	−$43.4k	−$7.24
NOI	$101.3k	$16.89

6,000 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,317 @ 7.0% cap · market cap 8.11%

Second Best

Specialty Retail

$1.41M

$1.23M – $1.64M (±1% cap)

NOI $98,456 @ 7.0% cap · market cap 7.88%

Theoretical Best

Office A

$2.65M

$2.32M – $3.10M (±1% cap)

NOI $185,702 @ 7.0% cap · market cap 14.86%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Parkview Villa Banquets Wedding Service

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.7801978
Latitude: 41.9234817

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For sale
Turn key restaurants
IL
Chicago
60639
6155 W FULLERTON Avenue

What type of property is this?

Turn key restaurant - Banquet hall with apartments for additional income in Chicago.

Where is this turn key restaurant located?

The property is located at 6155 W FULLERTON Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $1,249,500.

What are key features of this property?

This property features: Established banquet hall business (38+ years) with included furniture, liquor license, and equipment.; Two income‑generating apartments on the second floor (renting for $1,600 and $1,150).; Recently remodeled building with over $300,000 in improvements (new baths, roof, newer furnaces & central air).

6155 W FULLERTON Avenue, Chicago, IL 60639

COMMERCIAL - Chicago, IL

Property Features for 6155 W FULLERTON Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

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