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3938 N Central Ave 2,712 SF Vacant Retail Building Chicago, IL 60634 $689,900 ($254.39/SF)
EXECUTIVE SUMMARY
Rare turnkey fully renovated restaurant with fully remodeled 2-bed apartment above in a prime location. This 1,700 sq. ft. restaurant space features estimated seating for 75 indoors and 40 on a custom patio with luxury pergola, fire table and newer flooring. Fully equipped kitchen includes new fryer, Matok double oven, refrigeration, and full bar with draft system and POS setup. This whole place has been gutted to the studs and renovated this year. Recent upgrades include new HVAC (2022 & 2024), hot water heater (2025), new electrical, plumbing, and flooring throughout. The 1,200 sq. ft. apartment offers brand-new kitchen, bath, in-unit laundry, and rooftop access-ideal for owner-occupancy or rental. Liquor license was previously in place but expired June 2024; all equipment included but sold as-is. This is an incredible opportunity to get into a fully renovated space that is ready to go!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,712 SF
Building Class
B
Year Built/Renovated
1949/2025
Price
$689,900
Price Per SF
$254.39
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.08 AC
Zoning
B3-1
Parking
2 Spaces (0.74 Spaces per 1,000 SF Leased)
Frontage
29’ on Central Ave
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Portage Restaurant Bar Outdoor Patio
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Portage Restaurant Bar Outdoor Patio | Accommodation and Food Services | - | - | - |
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-20-203-041-0000 | Improvements Assessment | $29,027 |
| Land Assessment | $11,974 | Total Assessment | $41,001 |
PROPERTY TAXES
Parcel Number
13-20-203-041-0000
Land Assessment
$11,974
Improvements Assessment
$29,027
Total Assessment
$41,001
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Presented by
Rothman Real Estate
3938 N Central Ave
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