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$3,875,000
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Property Description
Chicago's most charming neighborhood has been hiding a gem-until now. Imagine planting your flag where historic brick meets modern energy, where comedy clubs buzz next to chic boutiques, and where every night feels like Friday. This isn't just real estate-it's a chance to claim your piece of the city's soul. Why This Property Stands Out: * Dual-Zoned Flexibility - Perfect for a high-end restaurant, late-night venue (4AM liquor license currently active), or luxury residential development-or all three. * Explosive Market Demand - Chicago's dining, nightlife, and walkable residential markets are thriving, with minimal competition in this high-traffic area. * Prime Positioning - Nestled in a rapidly growing neighborhood surrounded by upscale entertainment and a vibrant community hungry for new experiences. Your Vision can unfold: Launch the next iconic Chicago dining destination Create a premier late-night hotspot with built-in liquor licensing Develop luxury residences in one of the city's most sought-after areas. With unmatched foot traffic, soaring demand, and limited availability, this property is a high-return opportunity in Chicago's booming real estate landscape.
Full Property Details
Full Property Details for MLS# 12327045
General
- Sold For: $3,875,000
- Taxes: $36,656 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12327045
- Added to Site: 287 day(s) ago
Interior
- Fireplace: Yes
Additional Information
- Security/Safety: Fire Extinguisher(s), Hydrants on Site, Other
Location
- Area: Confidential Commercial Listings
- County: Cook
- Driving Directions: I-94 (Kennedy Expwy) Take Exit 51A for North Ave (IL-64) East toward Downtown. Turn right (south) onto N Clark St after ~0.6 miles. Turn left (east) onto W North Ave and proceed for ~0.4 miles. Turn right (south) onto N Wells St-your destination (1447 N Wells) will be on the left.
- Location Details: Downtown Chicago, Chicago North, Corner, Cul-de-Sac, Mixed-Use Area, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 3
- # of Stores: 3
- Year Built: 1941
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
- Units w/Refrigerators: 15
- Units w/Range/Oven: 1
Lot Features
- Lot Size (Sq. Ft.): 2,178
- Lot Dimensions: 2329
- Potential Use: Commercial, Multi-Family, Single Family, Retail
- Zoning: OTHER
Financial Considerations
- Security Deposit: Fire Extinguisher/s, Hydrants On Site, Other
- Assessment Year: 1941
- Tax Amount: $36,656
- Tax Year: 2023
Disclosures and Reports
- Property ID: 17042050740000
Listed by Keller Williams North Shore West
Sold by Non Member
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Schools
Schools serving MLS# 12327045
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Manierre Elementary School 1420 North Hudson Avenue, Chicago, IL 60610 | PK-8 | 0.3 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 0.9 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 MLS# 12327045
Date
Details
Price
Change
Source
8/05/2025
Sold
$3,875,000
-7.74%
MLS
4/02/2025
Listed
$4,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
MLS# 12327045, Chicago, IL 60610 (MLS# 12327045) is a Commercial property that was sold at $3,875,000 on August 05, 2025. Want to learn more about MLS# 12327045? Do you have questions about finding other Commercial real estate for sale in Chicago? You can browse all Chicago real estate or contact a Coldwell Banker agent to request more information.

