Rare Investment Opportunity: Unlock a Thriving Bar Legacy with Rental Income Potential in Elmwood Park Address: 7463 W Diversey Ave, Elmwood Park, IL Welcome to a rare and lucrative opportunity in the heart of Elmwood Park! This unique property features the iconic "The Dug Out" neighborhood bar, a cherished local gem with a rich, longstanding history, paired with a rental house currently on a secure 2-year lease. Whether you’re looking to expand your investment portfolio, step into the bar business, or live on-site while generating extra income, this turnkey property checks all the boxes. Enjoy a $20,000 seller credit if you use the seller’s preferred lender, making this deal even more enticing. Note: Staff is unaware of the sale, so all inquiries must go directly to the owner prior to visiting the bar. Bar & Business Features Established Business: A well-known, longstanding neighborhood bar that’s been a staple of the local community for years, offering an ideal space for patrons and owners to continue its legacy.
Turnkey Operation: Ready to operate from day one, with all equipment and furnishings included—multiple TVs for sports enthusiasts, a well-stocked bar, and gaming machines for added revenue.
Vibrant Atmosphere: A local favorite with a spacious, cozy interior, polished wooden bar, pool table, and welcoming environment perfect for gatherings, entertainment, and events.

Rental House Additional Income Potential: A separate rental house on a secure 2-year lease, ensuring immediate income, ideal for investors or as a future living option for the owner.
Private Living: Offers a comfortable living space with a well-kept lawn, balancing residential tranquility with the excitement of the on-site business.
Ideal for Multigenerational Living: Perfect for families seeking multiple living spaces or anyone desiring a property that blends business and personal living.

Location & Neighborhood Prime Elmwood Park Location: Situated in a vibrant residential area with a small-town feel and big-city convenience, just minutes from top-notch shopping, dining, parks, and schools.
Convenient Transportation: Close to major highways and public transit, providing quick access to downtown Chicago and surrounding suburbs.
Community-Oriented: Elmwood Park’s strong sense of community enhances the bar’s appeal, creating a bustling yet peaceful neighborhood vibe.

Property Highlights Size: Ample lot space accommodating both the bar and rental house, with room for additional amenities.
Investment Potential: A rare chance to operate a thriving bar with an immediate income stream from the leased rental house, offering long-term growth through property appreciation or business expansion.
Upgrade Potential: Room to modernize the bar with new menu offerings or events and enhance the rental house for increased value.
Seller Incentive: A $20,000 seller credit if using the seller’s preferred lender adds significant value.

Imagine owning this picturesque property where the warm glow of the bar’s neon signs beckons locals for a night out! The inviting bar interior, with its lively sports screens and cozy nooks, pairs beautifully with the atmosphere created over decades of history in this well-established tavern. Don’t miss out on this rare opportunity to own a thriving business and a lucrative rental property in one! Contact the owner directly to schedule a private tour, get more details, or submit an offer. Act now—this gem won’t last long!