1419 W Taylor St, Chicago, IL 60607
For Sale
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This exceptional opportunity presents a fully-equipped, two-story restaurant ideally situated in Chicago's vibrant Little Italy neighborhood. Spanning 3,531 square feet on a 0.07-acre lot (APN 17-17-325-014-0000), this property boasts a prime location on W. Taylor Street, offering excellent visibility and high foot traffic. Built in 1889 and renovated in 2017, the building is zoned B3-2 and features an 18-foot hood, walk-in refrigerator and freezer, a basement, a private party room, and a rooftop. All furniture, fixtures, and equipment are included in the asking price of $1,190,000. The property's advantageous location benefits from a Walk Score of 94, proximity to the University of Illinois at Chicago (UIC) – home to over 30,000 students – and the Illinois Medical District, a major employment hub with 9,000 employees and 50,000 daily visitors. Its convenient access to public transportation, including the CTA Pink Line Polk Station (893,334 annual entries), and major expressways (I-90/94 & I-290) further enhances its appeal. The property is also just a short distance from downtown Chicago and a Chicago Public Library branch. This is a rare chance to acquire a thriving restaurant business in a highly desirable and established location. The gross lease structure simplifies operations. The single-tenancy setup provides complete control and operational flexibility.
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George's Chicken & Shrimp Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.