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Listing 12493879 , Chicago, IL 60632
$1,400,000
Est. Payment: $7,640.37/mo
6654 Sqft
0.13 Acres
Status: active | Days on site: 261
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61080 - 243940,879930
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Illinois Gaming Board ~ Video Gaming Application has been submitted. Seller has been one of the first to put in his application with so if this is what you are waiting for, it's go time! This is a rare chance to own a piece of Chicago's night-life history in the Archer Heights neighborhood which currently holds a Tavern License, PPA License and a video gaming license has been applied for... So much opportunity here! This legendary venue/nightclub is now up for sale and complete with real estate, business, a 3 bedroom, 1 bath apartment which is currently not rented) on the 2nd floor (Great for generating extra income or owner occupant). Owned & operated for 33 years the current owner is now semi-retired and has scaled back operations to just 3 nights a week and is ready to turn over his hat to the next savvy business owner. The property/business is priced below the appraised value as an appraisal was done in February, 2020 and appraised out for $2,090.000 so this current sales price presents an opportunity for a hands-on operator to build value. Zoned B3-1 ~ With high visibility an estimated 30,000 to 50,000 vehicles pass by per day (IDOT), this is a great corner location for a Southwest side of Chicago bar/nightclub/restaurant to thrive on. What is included: Too much to list but, to start: ~ State of the art Dass sound system ~ Smart lighting system ~ video monitoring ~ concert speakers. 3 distinct bars in one ~ with 3 separate entrances ~ ~ The perfect scene for every mood. This is a fantastic opportunity for a new owner to expand the hours of operation, rent the apartment for extra income or live where you work. The building has been beautifully maintained and the roof was redone in 2022, (1) New 50,000 btu AC system and the 2nd AC unit has been well maintained with recently replaced major internal components; the walk-in-cooler has a new compressor and coil fan, and a new check valve on the sewer which was a $10,000 upgrade. There is also a huge basement for extra storage with a "Dumbwaiter" To make this even a better fit, seller may consider owner financing.
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Highlights

Listed by Paula Boudos , 708-548-6132 and Anthony Lucio , (773) 934-1094 Keller Williams Preferred Rlty , 708-798-1111. Midwest Real Estate Data mls logo

Property Type

Business Opportunity
Lot/Acreage
0.13

County

Cook

Area

CHI - Archer Heights

Listing ID

12493879

Questions about this listing?

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Interior Features

Air Cond:Central Air
Fireplaces:

Exterior Features

Lot Dimensions:52X111
Parking Features:Common Parking,Public Lot,Parking-Street
Principal Interest
$7,640
Taxes
$755

Home Price

$1,400,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$280,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,640.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,640.37 $755.40 $0.00 $8,395.78
Yearly $91,684.49 $9,064.81 $0.00 $100,749.30
Total $2,750,534.76 $271,944.30 $0.00 $3,022,479.06
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Market insight data is pulled from the same city as the listing being viewed (Chicago, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. 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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T14:56:06.000Z

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