5940 N Milwaukee Avenue Chicago, IL $ 485,000
5940 N Milwaukee Avenue
$ 485,000
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5940 N Milwaukee Avenue

Chicago, IL, 60646
$ 485,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,986

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Commercial Property for sale in Chicago, IL

for $485,000. This building was built in 1952 on a lot size of 0.059688.

MULTIPLE OFFERS Received, Highest and best due Thursday October 30th by 9am. This income-producing, front-facing 2-story greystone and brick mixed-use building is the perfect opportunity for an investor or owner-occupant. The property features an 1,800 sq. ft. first floor with original woodwork, reception area, two private offices, and a spacious meeting room-ideal for an accounting firm, law practice, insurance agency, contractor, or similar business. A rear storage room and finished basement, laundry area, and additional storage provide excellent functionality. The second floor offers two charming apartments (front and rear), each with a large living room, eat-in kitchen, one bedroom, and a full bath. The front unit boasts a beautiful modern kitchen and bathroom. Multiple rear parking spaces add convenience and value. Located just minutes from the Jefferson Park Transit Center (Metra UP-Northwest Line, CTA Blue Line, and bus terminal) with easy access to I-90 and I-94, this property combines timeless character with unbeatable accessibility. Pride of ownership shines throughout-making this an exceptional opportunity you don't want to miss!

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Commercial Contingent

Price

$ 485,000

Property Type

Commercial

Taxes

$ 8,018

Style

Commercial

Lot Size

0.059688

Year Built

1952

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12495889

Features
General
Cooling Central Air Window Unit(s)
Possession Closing
Zoning COMMR
Year Built 1952
Electric Circuit Breakers
Stories Count 2
Township Jefferson
Property Subtype Mixed Use
Tax Year 2023
Current Use Commercial
Gross Income 0
County Cook
Insurance Expense 1800
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Possible Use Commercial
Status Contingent
Directions Central Ave N to Milwaukee Ave then N to 5940
City Chicago
Number Of Units Total 3
MLS Area CHI - Norwood Park
Lot Size Square Feet 2600
Tax Annual Amount 8018.65
Electric Expense 0
Fuel Expense 2500
Trash Expense 0
Water Sewer Expense 668
Additional Parcels Y/N N
Standard Status Active Under Contract
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Exterior
Lot Dimensions 2600
Frontage Type City Street
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* Excluded Features
List By
Realty Of America, Llc

Broker

nunez.baltazar@yahoo.com

Email

Affordability Calculator

$3,654
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,986
Monthly Property Taxes
$668
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/23/2025$485,000 Listed Price

Map


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5940 N Milwaukee Avenue, Chicago, IL, 60646 is a Commercial Property for sale at $485,000 with a lot size of 0.059688. 5940 N Milwaukee Avenue was built in 1952. The property's zip code is 60646 which is in Chicago, IL