5319 Belmont Avenue, Chicago, IL 60641

Welcome to this property located in Chicago, IL. this home is offered at $1,450,000.

This premium investment opportunity presents a turnkey banquet hall and established business including the underlying real estate. Spanning 5300 square feet, the property has undergone an extensive renovation down to the studs to offer a sophisticated and modern aesthetic throughout. The building infrastructure is entirely updated with all new HVAC units, a brand new flat roof, and upgraded electrical and plumbing systems. Guests will appreciate the contemporary styling of the venue, which comes equipped with five flat screen televisions and elegantly designed facilities. The layout includes a dedicated employee bathroom as well as a four stall womens’ restroom and a two stall mens’ restroom featuring all new fixtures. The commercial kitchen is fully prepared for high volume operations. It features a walk in cooler and a walk in freezer along with a commercial stove, grill, deep fryer, and exhaust fan. Additional assets included in the sale are a heating table, a dishwasher, and a complete inventory of china, tableware, and serverware. The venue is move in ready with 25 tables and approximately 130 chairs provided for guest seating. Conveniently located, the property offers five private parking spaces at the rear of the building with an abundance of public parking available directly in front. This is an exceptional chance to acquire a fully modernized facility designed for immediate success in the event and hospitality industry. Bookings for the banquet hall are onging.

Climate control includes central air cooling.

The property sits on a 51×132 lot.

Located in Cook County.

Annual property taxes are $17,962 (as of 2023).