LINCOLN SQUAREMIXED-USE WITHTAVERN2306 W FOSTER AVECHICAGO, IL 60625

Tim Rasmussen, CCIMAssistant Vice President312.676.1875trasmussen@svn.com

Marcus SullivanAssistant Vice President312.756.7357msullivan@svn.com

SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE BROCHURE

OFFERING SUMMARY

Sale Price: $750,000

Lot Size: 3,750 SF

Building Size: 4,800 SF

Zoning: B1

Market: Chicago

Submarket: Lincoln Square

Price / SF: $156.25

The subject property is a three-story plus basement mixed-use building containing a ground floor tavern, afour-bedroom, two-bath unit on the second floor and a lofted 2-bedroom, 1 bath on the third floor. The property alsoincludes a 2-1/2 car garage. All units are individually metered for gas and electric. The 4,800 square feet of improvementssit on a 30'x125' lot with a total land area is 3,750 sf. The sale includes all of the real property, the tavern operating underthe name Claddagh Ring Pub, licenses (prorated to the closing date), furniture, fixtures, equipment, and intellectualproperty.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Mixed-use building

• Successful operating tavern

• Located in the Lincoln Square neighborhood

• Densely populated

• No tavern license moratoriums

Property Summary

LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Tavern

LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Second Floor Unit

LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Third Floor Loft Unit

Property Data SummaryPrice: $750,000

Property Claddagh Ring Pub Total Building Area 4,800sf

Property Address 2306 W Foster Lot Size 30'x125"/3,750SF

City, State, Zip Chicago, IL 60625 Parcel Index Number 14-07-114-035-0000

First Floor Bar 1,600SF 2019 Real Estate Taxes $10,948

2nd Floor 4 Bd/2Ba Apartment 1,600SF Property Classification 2-12 Mixed-Use

Garage 2-1/2 Car

Basement Full

Building Code Violations TBD

License Type Expiration Date Liquor License Violations None known

Tavern License Septeber 15, 2021

License Holder Claddagh Ring Pub Inc.

State Liquor License April 30, 2020

License Transfer Price Pro-Rated Close to Expiration

Zoning B3-2/City of Chicago Historic Landmark

Ward 40/Andre Vazquez

Ground Floor Bar Approximately 50

License Transfer Price Pro-Rated Close to Expiration

Legal Entity - Business Claddagh Ring Pub Inc.

Ownership Summary

BUSINESS SALE SUMMARY

Known Violations

Property Summary

Business Licenses

Zoning/Political/Occupancy

Real Estate Summary

SVN Chicago Commercial is pleased to present the exclusive listing for this Lincoln Square mixed-use building with ground floor tavern. The property is located at 2306 W Foster Avenue, Chicago, Illinois. The property consists of a three-story, building containing approximately 1,600sf per floor plus basement. The second and third floors contain a four bedroom and two bedroom apartment repsectively.

Business assets being conveyed include all unencumbered furniture, fixtures, and equipment, and licenses (pro-rated to the date of closing). All personal property is being sold as-is, where-is, with the exception of the brewing equipment and POS.

SVN makes no representations to the accuracy of the information contained herein.

Equipment ListDecember, 2019

22 Metal Ladder Back Bar Chairs 3 Upholstered Chairs

4 Wood 4-Top Bar Tables 1 Lot Miscellaneous Wall Mounted Pictures/Mirrors

6 LED Televisions 1 Small Sofa

1 Projection TV 1 Safe

1 Split Sound System 3 Kegerators

1 PA System 1 Three Compartment SS Bar Sink

18 Wood Ladder Back Chairs 2 Ice Bins

2 48" Round Tables 1 Bottle Cooler

2 48" Square Tables 1 Decorative Wood Back Bar

3 Large Ceiling Fans 1 Alarm System

2 Small Ceiling Fans 6 Security Cameras

Seller reserves the right to substitute or remove equipment from this list.All equipment is being conveyed as-is where-is. Seller makes no warranties or representations as to condition.

FFE Description FFE Description

LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 3 MILES 5 MILES

Total population 51,453 554,302 1,098,562

Median age 36.0 34.3 33.9

Median age (Male) 35.3 34.4 33.8

Median age (Female) 36.5 34.3 34.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 22,824 230,101 458,395

# of persons per HH 2.3 2.4 2.4

Average HH income $74,888 $72,176 $80,160

Average house value $410,944 $419,462 $432,680

* Demographic data derived from 2010 US Census

Demographics Map