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Property profile & analytics
OFF-MARKET
Commercial real estate

33 83Rd St Chicago, IL 60619

5,053 SF Built 1980
Property ID
US28-4234773
Property summary
AI-generated overview

This exceptional 5,053-square-foot restaurant space, located at 33 E. 83rd St in Chicago, IL, presents a unique owner-user investment opportunity. The property, built in 1980 and renovated in 2020, boasts a Class B designation and sits on a substantial 23,250-square-foot lot. The single-story building features a fully equipped kitchen including a 6-foot hood, four bathrooms, and a spacious dining area designed for versatile seating arrangements. Ample parking is provided with 28 spaces, ensuring convenient access for patrons. The property is zoned B3-1 and benefits from a strong established community demand in the vibrant Chatham neighborhood. Its previous success as a restaurant provides a proven track record. The asking price is $1,225,000. This turnkey operation is ready for a new owner to capitalize on the existing infrastructure and the thriving local market. The property's location within a densely populated residential area and its proximity to other businesses guarantees a steady flow of potential customers. This is an excellent chance to establish or relocate your restaurant in a prime Chicago location with significant upside potential. The property's APN is 20-34-300-007 thru 012.

Property profile
Verified
Property type Commercial real estate
Year built 1980
Total area 5,053 SF
APN 20-34-300-007 thru 012
UPID US28-4234773
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Oooh Wee It Is Restaurant Restaurant
  • Maxine's Restaurant
  • Oooh Wee Sweet Tea Restaurant Restaurant
  • ooohweeitis Restaurant
  • Oooh Wee! It is! Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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