3222 N Sheffield Avenue Chicago, IL ^$ 1,775,000

3222 N Sheffield Avenue

^$ 1,775,000

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3222 N Sheffield Avenue

Chicago, IL, 60657

^$ 1,775,000

Studio Baths0.0 Sq 5,360

Monthly Estimate*

^$ 12,399

3222 N Sheffield Avenue, Chicago, IL 60657 - Image 1

3222 N Sheffield Avenue, Chicago, IL 60657 - Image 2

3222 N Sheffield Avenue, Chicago, IL 60657 - Image 3

3222 N Sheffield Avenue, Chicago, IL 60657 - Image 4

3222 N Sheffield Avenue, Chicago, IL 60657 - Image 5

Studio

Commercial Property for sale in Chicago, IL

for $1,775,000. This 5,360 square foot building was built on a lot size of 0.068297.

Well maintained and update story mixed-use building, operating as a Bed & Breakfast called the Old Chicago Inn with a much lauded "speakeasy" style Tavern in the lower level. The Inn has 9 guest rooms on 3 floors as currently configured. Third floor can be used as a 3-bedroom, 3 bath apartment for stable income, or long term rentals. The sale includes many antique furnishings and an a 1931 fully restored Chevrolet with a combined valuation over $170,000.

Commercial Pending

Price

^$ 1,775,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 18,189

Style

Bed & Breakfast,Bar/Tavern/Lounge

Lot Size

0.068297

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11788987

Features

General

Cooling Central Air

Possession Closing

Tenant Pays Air Conditioning Electricity Heat Janitorial Service Taxes Insurance Repairs Roof Scavenger Structure Sewer Varies by Tenant

Stories 3

Tax Year 2021

Business Type Bed & Breakfast Bar/Tavern/Lounge

Business Name OLD CHICAGO INN

County Cook

Operating Expense 102085

Property Type Business Opportunity Bus / Bus w/Real Est

Status Pending

Directions 1/2 block North of Belmont on Sheffield.

City Chicago

MLS Area CHI - Lake View

Lot Size Square Feet 2975

Street Name Sheffield

Tax Annual Amount 18189

Additional Parcels Y/N N

Days on Market 213

Standard Status Pending

Exterior

Building Area Total 5360

Lot Dimensions 25 X 120

Interior

Street Suffix Avenue

* Excluded Features

List By

Kudan Group, Inc.

Broker

georg@kudangroup.com

Affordability Calculator

$13,915

Per Month

Monthly Principal & Interest: $12,399
Monthly Property Taxes: $1,516
Monthly Home Insurance: --

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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 ^$834,057

Percent of Sale Price 53%

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
5/22/2023	$1,775,000		Listed Price

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3222 N Sheffield Avenue, Chicago, IL, 60657 is a Commercial Property for sale at $1,775,000 with 5,360 sqft and a lot size of 0.068297. 3222 N Sheffield Avenue is a studio with 0.0 baths. The property's zip code is 60657 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 4/29/2024.

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3222 N Sheffield Avenue

Commercial Property for sale in Chicago, IL

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