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Property profile & analytics

324 Chicago Ave Chicago, IL 60654

  • Residential income homes
  • 9,600 SF
  • 0.11 lot acres
Value Estimation
Location Intelligence
Property ID
US28-0686504
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Bounce Sporting Club / Night Club / Restaurant
  • Parliament Chicago / Night Club / Lounge
  • Pink Wonderland Chicago - Christmas Bar / Bar

Property Details for 324 Chicago Ave

Year built
1886
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.11 lot acres
Property size
9,600 SF
Property type
Residential income homes
Property subtype
Small apartment buildings
APN
17-04-444-003
APU
1704444003

Description

This exceptional two-story, 9,600-square-foot freestanding building at 324 W Chicago Ave in Chicago's desirable River North neighborhood presents a unique investment opportunity. The property, situated on a 5,000-square-foot lot, boasts a C1-5 zoning designation, offering considerable flexibility for future uses. The building, renovated in 2017, includes a fully equipped and licensed nightclub with two bars, a dining area, a dance floor, and a commercial kitchen. A stunning rooftop bar and lounge, featuring a shaded pergola, bleacher seating, and large booths, accommodates over 60 guests and offers breathtaking skyline views. The second floor provides office space with up to six workstations, a residential kitchen, and a full bathroom. The basement offers ample storage, including walk-in coolers and employee lockers, along with coat check and restrooms. The property is fully sprinklered, ADA compliant, and equipped with an elevator. The sale includes Tavern, Outdoor Patio, Retail Food, and Public Place of Amusement (PPA) licenses. 2023 property taxes were $52,076. This turnkey operation is ideally positioned in a high-traffic area, offering significant potential for continued success. The building features multiple staircases for efficient customer and staff flow. This is a rare chance to acquire a thriving business in a prime Chicago location.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6368
Latitude
41.8968
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$50,767
$62,500
$184,320
$246,820
-
$625,000
$1,843,200
$2,468,200
More about this property
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