Hilco Real Estate lists Chicago Chop House and Elbo Room for sale

Iconic Chicago spots Chicago Chop House and Elbo Room have been listed for sale by Hilco Real Estate, LLC, according to a recent report by Connectcre. The sales offer a unique opportunity for investors to acquire these historic properties in thriving Chicago neighborhoods.

Chicago Chop House was established in 1986 and was well known for its award-winning steaks. The property, located in a 120-year-old Victorian brownstone building, spans over 8,900 square feet and includes a recent 2017 renovation that added an outdoor patio.

Elbo Room was a popular bar and music venue operating in the vibrant Lakeview neighborhood for nearly 30 years before closing in 2021. The mixed-use building not only boasts rich musical heritage but also features two 1,100 square feet one-bedroom apartments on its upper floors.

According to the report, Chet Evans, Vice President at Hilco Real Estate, highlighted the unique aspects of both properties. "Chicago Chop House's one-of-a-kind location and strong revenue make it an appealing investment", he said. He also mentioned how "the Elbo Room's Lakeview location and rich musical heritage align perfectly with the vibrant character of that neighborhood, offering a promising venture in both nostalgia and potential for growth."

These sales present a prime opportunity for investors to expand their portfolios in the Chicago real estate market or make a lasting impact on the city's cultural landscape. As such iconic venues, both the Chicago Chop House and Elbo Room could represent considerable assets for potential buyers.

The Chicago Chop House and Elbo Room have left their mark on Chicago's entertainment scene for decades, and it remains to be seen what the future holds for these historic properties now being offered for sale. With potential for both nostalgia and growth, investors have a rare chance to seize these iconic Chicago venues and play a part in shaping the city's continuing legacy.