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2822 N Milwaukee Ave 4,500 SF Retail Building Chicago, IL 60618 $1,201,857 CAD ($267.08 CAD/SF)
Investment Highlights
- Rentals are way under market value.
- Excellent visibility and strong street traffic
- Tenants pay all utilities
Executive Summary
Exceptional investment opportunity on bustling Milwaukee Avenue in a prime high-traffic business corridor! This solid brick mixed-use 3-story building features two commercial storefronts - one currently leased and one vacant. Above the commercial spaces are 2 spacious 6-room, 3-bedroom residential units featuring updated interiors, newer appliances. in-unit washer/dryers, and private rear decks. Additional improvements include newer windows, central A/C on the first and second floors, and all tenants pay their own utilities. Major capital improvements have already been completed, including a new roof and tuckpointing within the last two years. A well-maintained, property in an outstanding location with excellent visibility and strong street traffic.
Rentals are way under market value. Tenants pay all utilities. List broker related to seller, but no financial interest. Second floor rented through 12/31/26.
Rentals are way under market value. Tenants pay all utilities. List broker related to seller, but no financial interest. Second floor rented through 12/31/26.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,500 SF
Building Class
C
Year Built
1917
Price
$1,201,857 CAD
Price Per SF
$267.08 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.10 AC
Zoning
B2-2 - Chicago B2-2 Zoning is a Neighborhood Mixed-Use District that allows a combination of commercial and residential uses.
Frontage
25’ on Milwaukee
Amenities
- Bus Line
Exceptionally walkable
100/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-26-225-058-0000 | Improvements Assessment | $71,037 CAD |
| Land Assessment | $11,395 CAD | Total Assessment | $82,432 CAD |
Property Taxes
Parcel Number
13-26-225-058-0000
Land Assessment
$11,395 CAD
Improvements Assessment
$71,037 CAD
Total Assessment
$82,432 CAD
Contacts
-
Paula Gagerman -
Jolie Friedman
-
@properties | Christie's International Real Estate
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2822 N Milwaukee Ave
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