“The owner of the Mystic Celt bar sold its single-story building on Southport Avenue to a real estate investor that has redeveloped several properties on the Lakeview shopping avenue.”
Chicago-based L3 Capital paid $6.3 million for the property, 3441-3443 N. Southport Ave., according to the buyer and Cook County records. The Irish bar and grill will stay and lease back the property, said L3 Director Matthew Schreiber.
The seller was a venture of Vaughan Hospitality Group, which owns several Irish bars in the Chicago area, including the Emerald Loop downtown. The Vaughan family bought the 7,200-square-foot building for $4.3 million in 2008, according to county records.
Schreiber did not specify how long Mystic Celt is expected to remain as a tenant, and Vaughan Hospitality owner Kevin Vaughan did not return a call requesting comment.
“Mystic Celt is our tenant and will be for the foreseeable future,” Schreiber said.
“We’re excited to add a great piece of real estate on what we think is one of the best streets in the city for retail,” he said.
Vaughan Hospitality also owns Vaughan\’s Pub locations in Lakeview and on the Northwest Side, Corcoran\’s Grill & Pub in Old Town, Monty Gael’s in North Center and Square Celt Ale House & Grill in Orland Park.