$ 619,000 $ 628,500 1.5%

3362 N NARRAGANSETT Avenue

Chicago, IL 60634

  • 5,895 SqFt
  • 1951 Year Built
Great opportunity to grab this rarely available well kept mixed use building in Dunning at $111/sqft. The deal includes a full and operating bar called B G's Lounge and includes a 2 a.m. license, fixtures, LLC and assumable leases for lotto, arcades and jukebox. They have a space already dedicated to adding slot machines but will leave it up to the next owner. The building is a true mixed use with three leased apartment units ((2) 2 bedroom, 1 bath & (1) 1 bedroom, 1 bath) with separate meters for electricity and the landlord paying heat and water. The roof was changed around 2010, windows are vinyl, and the tuckpointing redone. The building is over 5,800 sq/ft plus a lower level party room that is being used for storage, a sub basement that is used for utilities and a backyard that is great for tenants or expanding outdoor seating for the bar. The property taxes are low and will stay low due to the mixed use classification. The new owner could operate the bar, rent it out or change it into a restaurant or another business. Plenty of angle parking along the building on Roscoe for customers and tenants with the option to add a garage in the back. Contact us for more information and showings are limited to pre qualified buyers with proof of funds. The bar is considered an asset sale and no accounting information will not be provided, Cap rate of 4.6% does not include the bar which can be rented for $2,000/month+ or owner operated.
Listed by Gregorio Cirone of xr realty , Sold By Omar Cabral of Coldwell Banker Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $619,0001.5%

    Property Type Commercial

    Sub Type Mixed Use

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 5, 895 sqft

    Price per Sqft $105

    MLS Listing ID 11694764

    Sold Date 10/16/24

    Year Built 1951

    Annual Tax Amount $9,249

    Tax Year 2021

    Lot Dimensions 50X123

    Property Sub-Type Mixed Use

  • Location

    State IL

    County Cook

    Zoning MULTI

  • Building

    Foundation Concrete Perimeter

    Structure Type Brick,Concrete,Wood Frame

  • Interior

    Cooling Central Air, Window Unit(s)

    Fireplace Y

  • Exterior

    View Y/N true

    Roof Type Membrane

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CONTACT

Greg Cirone
Greg Cirone

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