33 83Rd St Chicago, IL 60619
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.