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2343 Chicago Ave Chicago, IL 60622-4723

OFF-MARKET Retail space Google Maps
4,300 SF 0.09 ac lot Built 1923
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$340k
Range $306k – $374k (±10%)
Property ID US28-1624205

Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1923
Total area 4,300 SF
Lot 0.09 ac (4,114 SF)
APN 17-07-100-034
UPID US28-1624205

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$643k
Blend (final) Blend
$340k

Owner & transaction history

since 2025
Last sale
$542,500
1 recorded transaction
2025
$542,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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