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1649 W Division Street

Chicago, IL 60622
  • $899,999
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 11286882
UPDATED: 53 min ago
$899,999
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1881
County:

School Ratings & Info

Description

Extremely rare opportunity to purchase the famous "Rite Liquors", a Chicago staple of 38 years, as well as one of the last remaining buildings on Division prime for eventual redevelopment. The business has a rare dual license, allowing for bar service and packaged goods to be sold. There is an income-producing 2 bedroom apartment upstairs, which is one of five revenue streams. This is an excellent opportunity for an owner-user, developer, or investor. Building and business must be purchased together.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2022-01-25T23:58:17.537 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1649 W Division Street Chicago, IL 60622

  • Price: $899,999
  • Status: Active
  • On Site: 42 Days
  • Updated: 53 min ago
  • MLS #: 11286882
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1881
Built
Neighborhood:
Chi - West Town
County:
Cook
Area:
Chi - West Town
Property Description
Extremely rare opportunity to purchase the famous "Rite Liquors", a Chicago staple of 38 years, as well as one of the last remaining buildings on Division prime for eventual redevelopment. The business has a rare dual license, allowing for bar service and packaged goods to be sold. There is an income-producing 2 bedroom apartment upstairs, which is one of five revenue streams. This is an excellent opportunity for an owner-user, developer, or investor. Building and business must be purchased together.
Interior Features

Cooling Central Air Heat Ventilation Ceiling Units Number Of TLDocks 0

Property Features

Additional Parcels YN No Building Area Total 5100 Electric Circuit Breakers Fire Protection Fire Extinguisher/S Gross Scheduled Income 120000 Leasable Area 0 Mls Actual Status Active Net Operating Income 500000 Property Offered For Sale Only Property Sub Type Restaurant Tax Annual Amount 10677 Tax Year 2019 Tenant Pays Air Conditioning Township West Type Retail/Stores Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Pearson Realty Group.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2022-01-25T23:58:17.537 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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