1456-1458 W Taylor
Take Ownership of a profitable Bar and Grill with supplemented income from undervalued apartments
Marketing description
This 8000 square foot building zoned B3-2 comprises an iconic Restaurant and Bar (Hawkeye’s) and 5 apartments. The restaurant has been successfully operated since 1987 and continues to be a “go to” place for patrons from the University of Illinois, Rush University and Medical Center, as well as a destination in the Little Italy neighborhood for fun-loving people from all over Chicagoland. All FF&E is available at a negotiable price.
The apartments consist of (4) three bedroom/2 bath units, and (1) 2-bedroom/1-bath unit, that have enjoyed a history of high occupancy and been well cared for. They are an undervalued asset which could improve the already competitive CAP rate.
Investment highlights
Actual current 7% return on investment. All current rents are below Market. The Owner will consider financing to a credit worthy entity. The Building is owned fee simple and free and clear of debt.
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