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Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12516751MLS Provider

6845 W Addison StreetChicago, IL 60634

Commercial · 7,000 Sq. ft.
$1,750,000 Active

6845 W Addison Street Overview

Time on Site:
223 days
Visits:
7

The subject property is located at 6845 West Addison Street, Chicago, IL 60634 (the Property). This sole and exclusive Broker has been retained to present the sale of this owner-user/investment Banquet Hall opportunity. This urban mixed-use asset is situated in Chicago's densely populated and affluent Schorsch Village neighborhood. Featuring a 2-story building, 7,000 SF GLA, 3,600 SF-1st Floor (Banquet Hall), 12,470 SF (99.75 x 125) Site, and 25 plus car parking. The subject property is zoned B1-1 and comprises a basement (for storage use), three bedrooms & 2 bathrooms, and a large upscale apartment on the second floor. It is situated in a mixed retail/office and residential city setting. The property's strategic location offers convenient access to major thoroughfares, public transportation, and a wide range of amenities, including restaurants and recreational facilities. The latest neighborhood investments, including new construction condos/rentals, restaurants, and supermarkets, have steadily attracted new homeowners and tenants to this vibrant Schorsch Village in Chicago. The subject property presents a unique opportunity and is positioned as a Turn-Key solution for owner-user or investor.

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6845 W Addison Street Facts & Features

  • Type Commercial
  • Sq. ft. 7,000
  • Price/Sq.ft. $250

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Bar/Tavern/Lounge,Food & Beverage,Restaurant,Other
  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Dunning

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Scavenger, Sewer, Other, All Utilities, Trash Collection

Tax Information

  • Tax Annual Amount: $13,000.00
  • Tax Year: 2023

General Information

  • Parcel Number: 13193070060000
  • Possible Use: Commercial,Condominium,Residential,Multi-Family,Single Family,Zoning Change Required
  • Property Type: Business Opportunity
  • Zoning: RTAIL

Interior

Building Interior

  • Building Area Total: 7000

General Information

  • Cooling: Central Air
  • Stories: 2

Unit Information

  • Unit SqFt.: 3600

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street,Alley Access,Paved
  • Lot Size Dimensions: 99.76 x 125
  • Lot Size Square Feet: 12470

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Concrete
  • Roof: Tar/Gravel

General Information

  • Utilities: Electric to Site,Natural Gas Available,Water Available

6845 W Addison Street Neighborhood

Community

60634 (CHICAGO) Demographics

41
Median Age
10,615
Population Density (per sq. mile)
33%
College Educated
$72,507
Estimated Median Income
19,351
Estimated Total Home Owners
7,327
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

6845 W Addison Street Monthly Cost

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$ %
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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

6845 W Addison Street Market Data

Based on the last 30 days in this zip code

$474,192
Average List Price
$283
Average Price per Square Foot
42
Properties Sold
37
Average Days on Market
124
Properties for Sale
Calculations provided by Reliance Network

6845 W Addison Street History

Date Event Value Agent
5/4/2026Source: MRED Status Change
Active
4/29/2026Source: MRED Price Reduction
$1,750,000 -10.3%
4/29/2026Source: MRED Status Change
Price Change
2/10/2026Source: MRED Status Change
Active
2/5/2026Source: MRED Price Reduction
$1,950,000 -13.3%
2/5/2026Source: MRED Status Change
Price Change
11/23/2025Source: MRED Status Change
Active
11/18/2025Source: MRED Added to Database
November 18, 2025
6/20/2022Source: MRED Added to Database
January 27, 2022
4/21/2022Source: MRED Status Change
Closed
2/7/2022Source: MRED Status Change
Contingent