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Executive Summary

Rare opportunity to acquire a fully operational restaurant with prime Chicago real estate at 4203 W Lawrence. This 2,700 SF building sits on a 5,670 SF lot with approximately 13 parking spaces and is zoned B3-1, allowing commercial use on the first floor and the potential to add residential units above for rental income or future resale.
The restaurant comfortably seats 80 guests across a main and smaller dining area and comes turnkey with all essential kitchen equipment and fixtures. Well-maintained updates include a modern interior remodel, new HVAC system, recently replaced boiler, and tuckpointing completed twice in the last decade.
This property offers a unique combination of established business, flexible commercial space, and long-term mixed-use development potential, making it ideal for investors, restaurateurs, or entrepreneurial buyers seeking a turnkey operation in a prime Chicago location.
Investment highlights
Turnkey Operation: Fully operational restaurant with all equipment and fixtures included, ready for immediate business.
Prime Location: Situated on a 5,670 SF lot in Chicago with 13 parking spaces, attracting strong customer traffic.
B3-1 Zoning: Commercial use on the first floor with potential to add residential units above, creating additional rental income or resale opportunities.
Versatile Space: First-floor layout suitable for restaurant, retail, or office use, offering flexibility for various business models.
Well-Maintained: Recent updates include a modern interior remodel, fully repaired roof, new HVAC system, replaced boiler, and tuckpointing completed twice in the last 10 years.
Development Upside: Mixed-use potential allows investors to maximize long-term value through residential expansion.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $927,261 CAD
Price Per SF $390.26 CAD
Sale Type Investment or Owner User
Property Type Sports & Entertainment
Building Class C
Lot Size 0.06 AC
Building Size 2,376 SF
No. Stories 1
Year Built 1873
Zoning Residential
Exceptionally walkable
100/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
13-15-203-021-0000
Land Assessment
$68,154 CAD
Improvements Assessment
$34,876 CAD
Total Assessment
$103,030 CAD
  • Listing ID: 39840839

  • Date on Market: 2026-03-19

  • Last Updated:

  • Address: 4203 Lawrence Ave, Chicago, IL 60630

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