Building Details

Floors in Building 1

Building materials Concrete

Roof type Rubber

Buildings 1

Listing Agency: RE/MAX 10 Lincoln Park · RE/MAX International m***@yahoo.com Show Phone

Listed By: Angel Navarro · License #MRD129147 Show Phone

Added: Nov 1 Last Checked: Nov 1 at 6:06AM

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MLS# 12798743

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This mixed-use property combines a banquet hall with two apartments on the second floor. The hall spans more than 6,000 square feet and has capacity for 200 to 250 people. Furniture, equipment, and a liquor license are included. Building features include two newer furnaces, central air conditioning, a newer roof, and new bathrooms.

The property is within walking distance of CTA and Metra service, Home Depot, Lowe’s, schools, Riis Park, and the Brickyard shopping area. Zoned COMMR, the site contains 0.2043 acres.

Key Highlights

• Banquet hall measures more than 6,000 square feet, with capacity for 200 to 250 people
• Two apartments occupy the second floor
• Furniture, equipment, and liquor license included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$93,150

Cap Rate

7.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,863,000 $1.9M

Cap Rate 7%

$1,330,714 $1.3M

Cap Rate 9%

$1,035,000 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$165.6K $27.60/SF

− Vacancy

−$16.6K −$2.76/SF

EGI

$149.0K $24.84/SF

− OpEx

−$55.9K −$9.32/SF

NOI

$93.2K $15.53/SF

Area

ZIP 60639

Vacancy

10.00%

Lease Rate

$27.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,863,000

Cap Rate 7%

$1,330,714

Cap Rate 9%

$1,035,000

Alternative Uses

Best Use

Mixed Use

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $93,150 @ 7.0% cap · market cap 7.77%

Second Best

Apartment 5plus

$1.31M

$1.14M – $1.52M (±1% cap)

NOI $91,393 @ 7.0% cap · market cap 7.62%

Theoretical Best

Office A

$2.65M

$2.32M – $3.10M (±1% cap)

NOI $185,702 @ 7.0% cap · market cap 15.48%

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

Parkview Villa Banquets Wedding Service

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Accounting Firm Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

1,042

Businesses Nearby

Explore this area Business Placement

Demographics for 60639, IL

89,543

Population

28,656

Households

3.1

Avg Household Size

34

Median Age

15%

College-Educated

69%

High-School Grad

5.0 sq mi

ZIP Area

17,909

Density / Sq Mi

$59,710

Median Household Income

$34,846

Median Earnings

$1,212

Median Rent

$289,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The second floor has two apartments above an established event business.

Where is this mixed-use property located?

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

What is the asking price?

The asking price for this property is $1,199,500.

What are key features of this property?

This property features: Banquet hall measures more than 6,000 square feet, with capacity for 200 to 250 people; Two apartments occupy the second floor; Furniture, equipment, and liquor license included