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    3930 W School Street

    Chicago, IL 60618
    • $189,000
    • STATUS: Active
    • ON SITE: 818 days
    • MLS #: 10371999
    UPDATED: 11 min ago
    $189,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,447
      SQFT
    • $131
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    For Sale - Rarely available European Sports Bar and Cafe in hot Avondale Neighborhood. Sale price includes all FF&E, bar inventory and business name. Very successful neighborhood bar operating for more than 10 years that offers full-kitchen and bar service seven days a week. During the day, patrons enjoy gourmet coffee service and at night they enjoy beer/cocktails while watching European Football games or hire out areas for private parties. The property offers a 32-foot wrap around bar, brick walls, exposed ceiling timbers and private outdoor patio. Additional outdoor seating also available in the front of the building. Annual gross revenue exceeds $360K. Monthly rent is $3,500 and will require assumption of existing lease or negotiating a new lease with the Landlord. Current restaurant is 1,447 SF and there is an option to expand and double the size of the bar. Please do not disturb existing business. This is an asset sale and not a stock sale, so the existing corporation is not included in the sale. Licenses will be transferred via short term management agreement until new licenses are issued.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-08-03T23:51:51.52 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    3930 W School Street Chicago, IL 60618

    • Price: $189,000
    • Status: Active
    • Updated: 11 min ago
    • MLS #: 10371999
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1,447
    SQFT
    $131
    $/SQFT
    Neighborhood:
    Chi - Avondale
    County:
    Cook
    Area:
    Chi - Avondale
    Property Description
    For Sale - Rarely available European Sports Bar and Cafe in hot Avondale Neighborhood. Sale price includes all FF&E, bar inventory and business name. Very successful neighborhood bar operating for more than 10 years that offers full-kitchen and bar service seven days a week. During the day, patrons enjoy gourmet coffee service and at night they enjoy beer/cocktails while watching European Football games or hire out areas for private parties. The property offers a 32-foot wrap around bar, brick walls, exposed ceiling timbers and private outdoor patio. Additional outdoor seating also available in the front of the building. Annual gross revenue exceeds $360K. Monthly rent is $3,500 and will require assumption of existing lease or negotiating a new lease with the Landlord. Current restaurant is 1,447 SF and there is an option to expand and double the size of the bar. Please do not disturb existing business. This is an asset sale and not a stock sale, so the existing corporation is not included in the sale. Licenses will be transferred via short term management agreement until new licenses are issued.
    Exterior Features

    Approx Land Sq Footage 1447 Parking Total 0

    Interior Features

    Cooling Central Air Electric 201-600 Amps Heat Ventilation Forced AirGas

    Property Features

    Additional Parcels YN No Adj Net Income Year 2018 Adjusted Net Income 141000 Annual Rent For Real Estate 42000 Business Age 11+ Years Business Name Milano Cafe & Bar Business Type Bar/Tavern/LoungeFood & BeverageRestaurant Corporate Limits Chicago Cost Of Goods Sold 999999 Cost Of Goods Year 2018 Existing Lease Type Gross Food Beverage Type Coffee ShopRestaurant General Information Short Notice Ok Gross Payroll 999 Gross Payroll Year 2018 Gross Profit 999999 Gross Profit Year 2018 Gross Sales Ann Year 2018 Gross Sales Annual 360000 Inventory 30000 Inventory Year 2018 Known Encumbrances None Known Lot Size Dimensions 32X54 Net Operating Income Year 2018 Net Profit 141000 Operating Expense 219000 Property Offered For Sale Only Real Estate Included YN No Sale Includes BusinessLicense/PermitEquipmentTrade FixturesInventoryCustomer ListOwner Will TrainPhone NumberBusiness NameKey Money/Good Will Sales Taxes 999 Sales Taxes Year 2018 Tax Annual Amount 6150 Tax Year 2017 Tenant Pays ElectricityHeatScavenger Total Operating Expenses Year 2018 Type Bus / Bus W/Real Est Type Of Lease Gross Lease Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Be Realty, Llc.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-08-03T23:51:51.52 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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