260 E Chestnut St - Apartments FOR SALE


Chicago, IL 60611- Streeterville
$650,000 USD
312-972-4381
260 E Chestnut St, Chicago, IL for Sale
$650,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

260 E Chestnut St
Chicago, IL 60611
Streeterville


HIGHLIGHTS

  • Fabulous location in residential area with good foot traffic.
  • Building has a built-in audience from the condominiums onsite.
  • Open floor plan, bar, second level great for private gatherings.

OVERVIEW

Think outside the box! Fabulous first floor space in a high foot traffic neighborhood that was a successful restaurant for 49 years, but could be a Wine Bar. Within the building is an audience of over 400 condominiums, many of which dined at the former two restaurants that existed in the space. There can be multiple uses for this space. Imagine, an event space suitable for special gatherings, wine bar, a hair/beauty salon or another fabulous restaurant. It's up to the lucky new owner. The former Zaven's and Le Petit Paris both represent significant chapters in Chicago's fine dining history. Zaven's, with its Mediterranean flair and commitment to excellence, not only set a high standard for culinary experiences in the city but also created lasting memories for its patrons over 27 years. Le Petit Paris maintained the same dedication to quality and authenticity with its French cuisine. For 22 years, it enriched the culinary landscape by offering an intimate dining experience, drawing on the charm of traditional French gastronomy. Together, these restaurants illustrate the evolving nature of Chicago's dining culture, reflecting both its rich heritage and the ongoing appreciation for high-quality cuisine and memorable dining experiences. This offering includes a fully equipped kitchen, extra storage (below) of 23X20 feet, and a 16X14 foot garage-style storage behind the building. The building has an attached garage .Since both owners are deceased, we cannot provide a cap rate. However, at the high point of the original owner's reign, the restaurant grossed $90,0000 to $100,000 monthly. (Around 1999)

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$1 USD /SF

# OF UNITS

407

PRICE/UNIT

$1,597

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza on Dewitt

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

43

YEAR BUILT

1966

PARKING SPACES

196

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,469 SF

ZONING

DR10

APN/PARCEL ID

17-03-222-023-1016,17-03-222-023-1017,17-03-222-023-1046,17-03-222-023-1048,17-03-222-023-1052,17-03-222-023-1053,17-03-222-023-1058,17-03-222-023-1059,17-03-222-023-1061,17-03-222-023-1079,17-03-222-023-1082,17-03-222-023-1084,17-03-222-023-1085,17-03-222-023-1088,17-03-222-023-1091,17-03-222-023-1106,17-03-222-023-1112,17-03-222-023-1119,17-03-222-023-1122,17-03-222-023-1125,17-03-222-023-1127,17-03-222-023-1128,17-03-222-023-1141,17-03-222-023-1143,17-03-222-023-1154,17-03-222-023-1166,17-03-222-023-1168,17-03-222-023-1169,17-03-222-023-1175,17-03-222-023-1178,17-03-222-023-1185,17-03-222-023-1187,17-03-222-023-1193,17-03-222-023-1195,17-03-222-023-1206,17-03-222-023-1207,17-03-222-023-1237,17-03-222-023-1261,17-03-222-023-1264,17-03-222-023-1265,17-03-222-023-1278,17-03-222-023-1280,17-03-222-023-1287,17-03-222-023-1303,17-03-222-023-1307,17-03-222-023-1308,17-03-222-023-1309,17-03-222-023-1315,17-03-222-023-1316,17-03-222-023-1318,17-03-222-023-1319,17-03-222-023-1321,17-03-222-023-1326,17-03-222-023-1328,17-03-222-023-1330,17-03-222-023-1332,17-03-222-023-1342,17-03-222-023-1353,17-03-222-023-1358,17-03-222-023-1361,17-03-222-023-1363,17-03-222-023-1377,17-03-222-023-1403,17-03-222-023-1405,17-03-222-023-1407

ASK ABOUT THIS PROPERTY

Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-972-4381

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Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-972-4381

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.