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3930 W School Street, Chicago, IL 60618
$185,000
3930 W School Street, Chicago, IL 60618View this property at 3930 W School Street, Chicago, IL 60618
3930 W School StreetChicagoIL60618
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Property Description
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.
Full Property Details
Full Property Details for 3930 W School St
General
- Price: $185,000
- Taxes: $6,150 (2022)
- Status: Active
- Type: Business
- MLS ID: 12055087
- Updated: 5/20/2024
- Added to Site: 25 day(s) ago
Business
- Name: MILANO CAFE & BAR
- Business Type: Bar/Tavern/Lounge, Food & Beverage, Restaurant
- Years in Business: 11 or More
Location
- Area: CHI - Avondale
- County: Cook
- Driving Directions: Belmont to Avers Ave. North on Avers to School Street. West on School Street to property.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 1
- Square Feet: 1,447
Lot Features
- Lot Size (Sq. Ft.): 1,728
- Lot Dimensions: 32 x 54
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $200,000
- Tax Amount: $6,150
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Scavenger
Disclosures and Reports
- Property ID: 13233170420000
Listed by Be Realty, LLC
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Schools
Schools serving 3930 W School St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3650 W School St, Chicago, IL 60618 | PK-8 | 0.4 mi | |
3601 N Milwaukee Ave, Chicago, IL 60641 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3930 W School St
Date
Details
Price
Change
Source
5/13/2024
Listed
$185,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3930 W School St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$16,290
2%
$78,931
—
2021
$15,924
-2%
$78,931
8%
2020
$16,321
13%
$73,000
2%
2019
$14,442
-20%
$71,622
-21%
2018
$18,000
46%
$91,125
59%
2017
$12,351
7%
$57,375
—
2016
$11,492
9%
$57,375
—
2015
$10,514
-1%
$57,375
—
2014
$10,645
2%
$57,375
—
2013
$10,435
1%
$57,375
—
2012
$10,296
—
$57,375
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3930 W School St
3930 W School Street, Chicago, IL 60618 (MLS# 12055087) is a Business property. 3930 W School Street is currently listed for $185,000 and was received on May 13, 2024. Want to learn more about 3930 W School Street? Do you have questions about finding other Business real estate for sale in Avondale? You can browse all Avondale real estate or contact a Coldwell Banker agent to request more information.