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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12254749
Year Built 1954
Annual Tax Amount $2,115
Tax Year 2023
Lot Dimensions 2500
Property Sub-Type Mixed Use
Property Description
This building, formerly known as Jack's Lounge a neighborhood bar established in 1968 still holds an active liquor license and business license, both of which will transfer to the potential buyer. The first floor has been completely gutted, framed out, and is ready for drywall installation. The basement features a brand-new 80-gallon commercial hot water tank and updated electrical systems. It also includes a roughed-in bathroom and laundry room. The second floor, previously used as a three-bedroom apartment, has been fully gutted and reframed for a brand-new bathroom and event space. At the rear of the building is a fully approved, fully functional commercial kitchen equipped with a 10-foot hood, freezer, stove, and all necessary fittings, including an exhaust system. This area also includes a full bathroom and an office. The property has been completely re-concreted at the front and back and is fully fenced in and secured. The GFA system includes a coil for central air. Additionally, the city recently replaced all lead pipes with copper piping, extending to the meter box inside the building. All water pipes throughout the property have been updated to copper. All windows in the building are new. Heating is provided by a boiler for the bar and a GFA system for the kitchen. The building, which is over 100 years old, still requires additional rehabilitation to be completed.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Shelia Blockson • Signature Landmark Reo INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States