5437 S Center Avenue, Summit, IL 60501 - Photo 1

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$890,000 -$10,000 (-1.11%) Price Reduced

For Sale
Active
Business
2,470 Sq. Ft.
Updated 9 hours ago

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Property Description

If your dream is to own your own business do not miss this opportunity!! Enjoy the freedom to work for yourself and create your ideal lifestyle!! Current owner has established this turnkey Bar / Nightclub business over the past 15 years. There has been a bar at this location for 40+ years & with a new vision the potential is limitless! Minutes from Interstate 55, 1/4 block off major artery Archer Ave, 2.7 miles to Seat Geek Stadium, 3.9 miles to Midway International Airport. Gaming machines can add additional cash flow!! Existing kitchen and all equipment stay. Enclosed beer garden, out building & multiple storage containers included. 2-bedroom apartment on second floor can be rented for additional income. Current owner operator relocating / retiring.

Full Property Details

Full Property Details for 5437 S Center Ave

General

Price: $890,000
Taxes: $11,835 (2023)
Status: Active
Type: Business
Source: MRED
MLS ID: 12586117
Updated: 4/15/2026
Added to Site: 36 day(s) ago

Business

Name: Fat Daddyz
Business Type: Bar/Tavern/Lounge, Food & Beverage
Years in Business: 11 or More

Interior

Interior Features: Passenger Elevator(s), Overhead Door(s), Public Restroom(s)

Location

Area: Summit
County: Cook
Driving Directions: Archer Ave West of Harlem to Center Ave North to 5437 building and parking lot on the east side of the street

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Forced Air, Gas

Structural Information

Construction: Brick
Exterior Const.: Brick
Stories/Levels: 2
Square Feet: 2,470
Current Bldg. Use: Commercial

Lot Features

Lot Size (Sq. Ft.): 7,800
Lot Size Range: .25 to .49 Acre
Lot Dimensions: 60 x 130
Frontage: City Street, Public Road
Potential Use: Commercial, Liquor License
Zoning: COMMR

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Operating Expenses: $1
Tax Amount: $11,835
Tax Year: 2023

Disclosures and Reports

Ownership: Corporation
Property ID: 18124140140000

Listed by Signorello Realty, Inc.

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— 5437 S Center Ave —

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Schools

Schools serving 5437 S Center Ave

School Districts:Summit School District 104, Argo Community High School District 217

Name	Grades	Distance
Walsh Elementary School, Summit, IL 5640 75th Avenue, Summit, IL 60501	PK-4	0.3 mi
Otis P Graves Elementary School 6021 South 74th Avenue, Summit, IL 60501	PK-4	0.7 mi
W W Walker Elementary School 7735 66th Place, Bedford Park, IL 60501	K-4	1.5 mi
Heritage Middle School, Summit, IL 6021 South 74th Avenue, Summit, IL 60501	6-8	0.7 mi
Argo Community High School 7329 West 63rd Street, Summit, IL 60501	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5437 S Center Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/15/2026

Price Reduced

$890,000

-1.11%

MLS

3/11/2026

Listed

$900,000

146.58%

MLS

1/07/2016

Sold

$365,000

—

Public Record

Get Price Alerts and Save Property

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 5437 S Center Ave

Year

Property Taxes

Change

Tax Assessment

Change

2023

$9,863

-14%

$28,149

2022

$11,500

$26,654

—

2021

$11,191

-8%

$26,654

-6%

2020

$12,189

32%

$28,354

41%

2019

$9,242

$20,103

—

2018

$8,938

-47%

$20,103

-47%

2017

$16,805

148%

$37,851

163%

2016

$6,788

$14,373

—

2015

$6,578

$14,373

—

2014

$6,438

-6%

$14,373

-16%

2013

$6,864

-4%

$17,065

—

2012

$7,145

—

$17,065

—

View All

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 5437 S Center Ave

5437 S Center Avenue, Summit, IL 60501 (MLS# 12586117) is a Business property. 5437 S Center Avenue is currently listed for $890,000 and was received on March 11, 2026. Want to learn more about 5437 S Center Avenue? Do you have questions about finding other Business real estate for sale in Summit? You can browse all Summit real estate or contact a Coldwell Banker agent to request more information.

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5437 S Center Ave Summit, IL 60501