According to a recent report from Connectcre, iconic Chicago spots Chicago Chop House and Elbow Room are being put up for sale by Hilco Real Estate LLC. This sale provides investors with a unique opportunity to acquire these historic properties in downtown Chicago.
Chicago Chop House was founded in 1986 and is best known for its award-winning steaks. The property is housed in a 120-year-old Victorian brownstone building with more than 8,900 square feet and a recent renovation in 2017 added an outdoor patio.
The Elbo Room was a popular bar and music venue that operated in the vibrant Lakeview neighborhood for nearly 30 years before closing in 2021. This mixed-use building not only boasts a rich musical heritage, but also features two of his 1,100-square-foot one-bedroom apartments on the upper floors. .
Chet Evans, vice president of Hilco Real Estate, highlighted the unique aspects of both properties, according to the report. “Chicago Chop House’s unique location and strong returns make it an attractive investment,” he said. He added: “The Elbo Room’s lake-view location and rich musical heritage align perfectly with the vibrant character of the area, offering a promising venture for both nostalgia and growth potential.” “I am doing so,” he said.
These sales represent an excellent opportunity for investors to expand their portfolios in Chicago’s real estate market and make a lasting impact on the city’s cultural landscape. As such iconic venues, both the Chicago Chop House and the Elbo Room could represent considerable assets to potential buyers.
The Chicago Chop House and Elbow Room have made their mark on Chicago’s entertainment scene for decades, but it remains to be seen what the future holds for these historic properties, which are currently for sale . With both nostalgia and growth potential, investors have a rare opportunity to acquire these iconic Chicago venues and help shape the city’s continuing legacy.