Mixed-Use Banquet
New
For Sale
$1,199,500
6155 W FULLERTON Avenue, Chicago, IL 60639
Commercial Sale, Chicago, IL
Property Size6,000 SF
Lot Size0.20 Acres
Price / SF$199.92
Days on Market1
Property Features for 6155 W FULLERTON Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
FULLERTON WEST OF AUSTIN OR EAST OF NARRAGANSETT
Subdivision
CHI - Belmont Cragin
Standard status
Active
APN
13321040020000
Lot size
0.20 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Business Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18547
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
Listing Agency:
RE/MAX 10 Lincoln Park · RE/MAX International
(773) 348-8500
Listed By:
Angel Navarro · License #MRD129147
(708) 857-1500
Added: Nov 1
Last Checked: Nov 1 at 6:06AM
MLS# 12798744
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 event space accommodates 200 to 250 people, and the sale includes its furniture, equipment, and liquor license. Building improvements include newer furnaces and central air conditioning, a replacement roof, and updated bathrooms. The property was built in 1948 and has COMMR zoning on a 0.2043-acre lot.
At 6155 W Fullerton Avenue, the property is within walking distance of CTA and Metra service, schools, Riis Park, and Brickyard Shopping. Home Depot and Lowe’s are also identified among nearby destinations.
At 6155 W Fullerton Avenue, the property is within walking distance of CTA and Metra service, schools, Riis Park, and Brickyard Shopping. Home Depot and Lowe’s are also identified among nearby destinations.
Key Highlights
- Banquet space accommodates 200 to 250 people
- Two apartments occupy the second floor
- Furniture, equipment, and liquor license are 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
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
NOI $93,150 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,702 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two second-floor apartments complement the banquet operation and provide separate residential space.
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 space accommodates 200 to 250 people; Two apartments occupy the second floor; Furniture, equipment, and liquor license are included
