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Wicker Park's Beachwood Inn Sells for $865,000

By Alisa Hauser | June 26, 2015 1:40pm | Updated on June 29, 2015 9:21am
 Beachwood Inn at 1415 N. Wood St.
Beachwood Inn at 1415 N. Wood St.
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DNAinfo/Alisa Hauser

WICKER PARK —  After several farewell parties, Wicker Park's Beachwood Inn was sold this week, according to the second-generation pair of brothers moving on from the bar their father founded in 1950.

"We will miss the people, a lot of good people, the salesmen and all the drivers, too. In the overall scheme of things I can't complain.  We have had people that met each other at the bar and brought their children in, years worth of regulars," said Jim Stepien, who ran Beachwood Inn with his brother, Bob Stepien.

At the corner of Beach and Wood Streets from which it draws its name, Beachwood Inn celebrated its final night in business Wednesday.

A business venture named "1415 N. Wood LLC'" was formed on June 18 and is led by Timothy Glascott, according to state records.

After being under contract for several months, the $865,000 sale of Beachwood Inn at 1415 N. Wood St. to investor and entrepreneur Kyle Glascott was finalized on Tuesday, real estate records show.

"From what I know, they will try to keep the flow and spirit going of Beachwood. They are great guys," Jim Stepien said of the Glascotts.

Jim Stepien said he does not know if the bar will keep its name under the new ownership.

And for folks wondering about the bar's pool table, jukebox and pinball machine, Stepien said all three were rented from an outside vendor, and the new owners are talking with the vendor about keeping them.

Neither Timothy nor Kyle Glascott returned calls seeking comment. Their firm, Glascott & Associates, has bought several other bars, and sometimes turns them over to other operators, as was the case with Division Street's SmallBar in January.


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