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$1,410,000
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Property Description
The Franklin Room is River North's sophisticated, subterranean restaurant and cocktail bar. The well-appointed business and its 2,995 square foot commercial condo are for sale. High grossing revenue with significant cash flow. The business has been operating since 2014 and has received excellent reviews. High-caliber fixtures, furniture, and equipment are included. Sidewalk cafe capability. 2022 RE taxes: $39,079.64. 2023 Condo assessments: $5,335. Zoning: PD-326. Contact listing agent for showing times. Proof of Funds Required Prior to Showing. DO NOT DISTURB EMPLOYEES
Full Property Details
Full Property Details for 675 N Franklin St
General
- Sold For: $1,410,000
- Taxes: $39,079 (2022)
- Status: Closed
- Type: Commercial Residential Facility
- Source: MRED
- MLS ID: 12077286
- Added to Site: 624 day(s) ago
Additional Information
- Security/Safety: Ansul System
Location
- Area: CHI - Near North Side
- County: Cook
- Driving Directions: North or South on Franklin to Address
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 6
- Square Feet: 102,832
- Year Built: 1949
Lot Features
- Lot Size (Sq. Ft.): 18,731
- Lot Dimensions: 187.31 x 100
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Ansul System
- Assessment Year: 1949
- Tax Amount: $39,079
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Scavenger, Sewer, Varies by Tenant
Disclosures and Reports
- Property ID: 17092160191008
Listed by Jameson Commercial
Sold by Non Member
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Schools
Schools serving 675 N Franklin St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ogden Elementary School 24 West Walton Street, Chicago, IL 60610 | K-8 | 0.5 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 675 N Franklin St
Date
Details
Price
Change
Source
6/09/2025
Sold
$1,410,000
-9.03%
MLS
7/22/2024
Price Reduced
$1,550,000
-8.82%
MLS
6/06/2024
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
675 N Franklin Street, Chicago, IL 60654 (MLS# 12077286) is a Commercial Residential Facility property that was sold at $1,410,000 on June 09, 2025. Want to learn more about 675 N Franklin Street? Do you have questions about finding other Commercial Residential Facility real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.

