2544 E 83rd Street Chicago, IL ^$ 500,000

2544 E 83rd Street

^$ 500,000

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2544 E 83rd Street

Chicago, IL, 60617

^$ 500,000

Studio Baths0.0 Sq 4,920

Monthly Estimate*

^$ 3,493

2544 E 83rd Street, Chicago, IL 60617 - Image 1

2544 E 83rd Street, Chicago, IL 60617 - Image 2

2544 E 83rd Street, Chicago, IL 60617 - Image 3

2544 E 83rd Street, Chicago, IL 60617 - Image 4

2544 E 83rd Street, Chicago, IL 60617 - Image 5

2544 E 83rd Street, Chicago, IL 60617 - Image 6

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2544 E 83rd Street, Chicago, IL 60617 - Image 8

2544 E 83rd Street, Chicago, IL 60617 - Image 9

Studio

Commercial Property for sale in Chicago, IL

for $500,000. This 4,920 square foot building was built on a lot size of 0.14348.

Great two business investment opportunity, with building and land, including an established restaurant/bar, "The New Look Restaurant" and a former beauty salon space attached. Second floor apartment with 3bd/1.5ba with front and rear balconies (tenant occupied $1150/mo.) Double lot with fenced back yard. Restaurant equipment and full bar setup is included. Sold AS IS.

Commercial Pending

Price

^$ 500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,548

Style

Bar/Tavern/Lounge,Restaurant

Lot Size

0.14348

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11967627

Features

General

Cooling Window Unit(s)

Possession Closing

Roof Rubber

Zoning OTHER

Tenant Pays Other

Stories 2

Tax Year 2022

Current Use Commercial

Business Type Bar/Tavern/Lounge Restaurant

Business Name THE NEW LOOK RESTATURANT

County Cook

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Possible Use Liquor License Single Family

Status Pending

Directions Yates Blvd to 83rd St - Turn East East 83rd St to property address

City Chicago

MLS Area CHI - South Chicago

Lot Size Square Feet 6250

Street Name 83rd

Tax Annual Amount 1548

Additional Parcels Y/N N

Days on Market 39

Lease Type Gross

Standard Status Pending

Ownership Type Corporation

Exterior

Building Area Total 4920

Lot Dimensions 50X125

Interior

Street Suffix Street

* Excluded Features

List By

Re/Max Premier

Broker

schaneewoods@gmail.com

Affordability Calculator

$3,622

Per Month

Monthly Principal & Interest: $3,493
Monthly Property Taxes: $129
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$844,520

Percent of Sale Price 69%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/26/2024	$500,000		Listed Price

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2544 E 83rd Street, Chicago, IL, 60617 is a Commercial Property for sale at $500,000 with 4,920 sqft and a lot size of 0.14348. 2544 E 83rd Street is a studio with 0.0 baths. The property's zip code is 60617 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 5/15/2024.

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2544 E 83rd Street

Commercial Property for sale in Chicago, IL

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