Chicago, IL 60618 3930 W School Street

Presented By: Be Realty, LLC
  • MLS# 12055087
  • 05/13/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 1,447

Home Details

Business Only 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 $315K. Video gaming was recently added to increase potential revenue. Monthly rent is $4,000 per month and will require assumption of existing lease or negotiating a new lease with the Landlord. Current restaurant is 1,447 SF. Please do not disturb existing business, but feel free to patronize the establishment. This is an asset sale and not a stock sale, so the existing corporation is not included in the sale. Licenses can be transferred via short term management agreement until new licenses are issued. There is no real estate for sale with this listing.
Presented By: Be Realty, LLC

Interior Features for 3930 W School Street

Other Interior Features

Street SuffixStreet

General for 3930 W School Street

Additional Parcels Y/NNo
Business NameMILANO CAFE & BAR
Business TypeBar/Tavern/Lounge, Food & Beverage, Restaurant
CityChicago
CoolingCentral Air
CountyCook
Days on Market6
DirectionsBelmont to Avers Ave. North on Avers to School Street. West on School Street to property.
ElectricService - 201 to 600 Amps
Lease TypeGross
Lot Size Square Feet1728
MLS AreaCHI - Avondale
Operating Expense200000
PossessionClosing
Property TypeBusiness Opportunity
Property TypeBus / Bus w/Real Est
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount6150
Tax Year2022
Tenant PaysElectricity, Heat, Scavenger
ZoningCOMMR

Exterior for 3930 W School Street

Building Area Total1447
Lot Dimensions32X54

Additional Details

Price History

Worth Clark

Price $185,000
MLS#12055087
List Date 05/13/2024
Property Type Business Op
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