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    Established Banquet Hall with Apartments

    6155 W FULLERTON Avenue Chicago, IL 60639

    Claim this Listing
    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:
    318
    Last Refresh:
    Jul 12 at 1:06 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

    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

    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.

    Investment Insights

    Based on property information with market context.

    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.

    Key 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).

    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 $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.

    Property Analytics

    Location Intelligence

    Current Use by Public Records

    Parkview Villa Banquets Wedding Service

    Suggested Use

    Real Estate Agency Law Firm Dental Office Skin Care Clinic Accounting Firm Gym & Fitness Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store Acupuncture Tech Support Center

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

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    FAQs

    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).
    Contact an agent
    (708) 857-1500
    We can help!
    Contact an agent
    Angel Navarro
    Real Estate License ID: 475127008
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