3500 N Milwaukee Avenue Chicago, IL $ 3,350,000
3500 N Milwaukee Avenue
$ 3,350,000
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3500 N Milwaukee Avenue

Chicago, IL, 60641
$ 3,350,000
Baths0.0

Monthly Estimate*

$ 20,627

3500 N Milwaukee Avenue, Chicago, IL 60641 - Image 1
Studio

Lots and Land for sale in Chicago, IL

for $3,350,000. The lot size is 0.89.

Rare opportunity to acquire 0.87 acres (7 parcels, 37,763 SF) in Chicago's Northwest Side. Currently occupied by Star Distributors, the property will be delivered vacant, offering flexibility for owner-users, investors, or developers. Zoned B1-1, one of Chicago's most flexible designations, allowing a wide range of commercial, office, service, and residential uses (above ground floor). Located on N Milwaukee Ave between Keeler and Tripp, with excellent frontage, visibility, and traffic. Just 1 mile from the rapidly redeveloped Six Corners, featuring a new Target, 206 luxury apartments, Clarendale Senior Living (258 units), Northwestern Medicine's $150M outpatient center, and new ALDI. Transit Friendly: Bus Route 56 (front of site), Routes 53 & 152 (0.2 mi) CTA Blue Line (Irving Park/Addison - 0.75 mi) Metra (Grayland - 0.5 mi, Irving Park - 0.7 mi) Easy access to I-90/94 Area is seeing major public and private investment, including a $27M streetscape upgrade to Milwaukee Ave and Logan Square enhancing walkability and safety. Alderwomen is open to change and development. Demographics: 54,000+ residents within 1 mile | Avg. income: $118K 493,000+ within 3 miles | Avg. income: $127K 95,000+ local workers Highlights: Delivered vacant - ready for occupancy, lease-up, or redevelopment Full block frontage with ample parking Strong nearby retail: Target, Aldi, CVS, Starbucks, Chipotle, etc.

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Lots and Land Active

Price

$ 3,350,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 56,228

Style

Commercial

Lot Size

0.89

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12578546

Features
General
Utilities Electric to Site Natural Gas Available
Possession Closing
Zoning COMMR
Township North Chicago
Tax Year 2024
Current Use Commercial
Ownership Fee Simple
Additional Parcels Description 13224120070000 13224120060000 13224120050000 13224120040000 13224120030000 13224120410000
County Cook
Property Type Land Land
Status New
Directions Corner of Milwaukee and Keeler
City Chicago
High School District 299
MLS Area CHI - Irving Park
Tax Annual Amount 56228
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None
Laundry Features None
Total Baths 0
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Exterior
Water Source Municipal Water
Total Parking 0
Lot Dimensions 116x286x95x79x280
Lot Size Acres 0.89
Road Surface Type Asphalt
Frontage Length 280
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
S Hansen Realty Inc.

Broker

rick@hansenrealty.com

Email

Affordability Calculator

$25,312
Per Month
81%
19%
0%
Monthly Principal & Interest
$20,627
Monthly Property Taxes
$4,686
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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2026$3,350,000 Listed Price

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3500 N Milwaukee Avenue, Chicago, IL, 60641 is a Lots and Land for sale at $3,350,000 with a lot size of 0.89. 3500 N Milwaukee Avenue is a studio with 0.0 baths. The property's zip code is 60641 which is in Chicago, IL