3930 School StChicago, IL 60618

Property Details for 3930 School St

Year built

1918

Lot size

0.08 AC

Property size (Sq ft)

5,600 SF

Property type

Retail space

APN

13-23-317-042

APU

1323317042

Description

This thriving European-style sports bar and cafe, located at 3930 W School Street in Chicago's vibrant Avondale neighborhood (zip code 60618), presents a unique investment opportunity. The 1,447 square foot space boasts a 32-foot wrap-around bar, exposed ceiling timbers, brick walls, and both a private outdoor patio and additional sidewalk seating. Operating successfully for over 10 years, this established business offers full kitchen and bar service seven days a week, catering to diverse clientele with gourmet coffee during the day and beer/cocktails alongside European football matches in the evenings. The business also generates revenue from private party rentals. The asking price of $185,000 includes all furniture, fixtures, and equipment (FF&E), bar inventory, and the business name. Annual gross revenue exceeds $315,000, with a current Net Operating Income (NOI) of $106,079, representing a strong 57.34% cap rate. The property is currently operating under a modified lease with three years remaining, at a monthly rent of $4,000. The sale is an asset sale, not a stock sale

• CAP approach

  CAP return

  Valuation

  6%

  $2,477,968

  6.5%

  $2,287,355

  7%

  $2,123,972

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,838,088

  Geo Method

  $1,838,088

• Alternative Use

  Use

  Valuation

  Residential

  $1,929,470

  Hospitality

  $1,767,384

  Educational

  $1,470,442

  Medical

  $1,521,013

  Retail

  $2,287,355

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9411

Longitude

-87.7263

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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