2343 Chicago Ave Chicago, IL 60622-4723
Property summary
This exceptional 2,500 square foot retail property, located at 2343 W. Chicago Avenue in Chicago, IL 60622, presents a unique investment opportunity. Built in 1923, this single-story masonry building is zoned C1-3 and offers a turnkey restaurant setup, complete with substantial furniture, fixtures, and equipment (FF&E), ready for immediate occupancy. The property boasts a prominent location on Chicago Avenue, benefiting from high visibility and traffic, with over 15,300 vehicles passing daily. A private rear parking lot provides ample space and potential for outdoor dining expansion. The existing blade sign offers strong signage potential. Situated in Chicago's vibrant Ukrainian Village neighborhood within West Town, this property is ideally positioned within a one-mile radius of approximately 50,000 residents. The asking price is $695,000, translating to $278 per square foot. The property's APN is 17-07-100-034-0000. This is an owner-user ideal property with significant upside potential.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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