1136 N Milwaukee Avenue Chicago, IL $ 1,499,900
1136 N Milwaukee Avenue
$ 1,499,900
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1136 N Milwaukee Avenue

Chicago, IL, 60642
$ 1,499,900
Bedrooms-- Baths-- Sq 5,850

Monthly Estimate*

$ 9,235

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Commercial Property for sale in Chicago, IL

for $1,499,900. This 5,850 square foot building was built in 1900 on a lot size of 0.070753.

Well-kept mixed-use property in the highly desirable East Wicker Park / West Town corridor. Situated on bustling Milwaukee Ave near Division, this B3-2 zoned building provides excellent opportunities for investors, developers, or owner-occupiers. The property features a spacious commercial area with soaring ceilings, four residential units above-also with high ceilings-and an extra garage unit. This combination creates multiple income streams and strong long-term growth potential. A proven rental history delivers immediate stability, with opportunities to increase returns through modest improvements. Its true appeal lies in its adaptability. Maintain it as a high-performing residential multi-unit, enhance the commercial footprint, or transform the entire property into something new. Possibilities include a signature restaurant with rooftop seating, boutique mixed-use development, creative office space, upscale rentals, or a one-of-a-kind live/work concept. Located just steps from the Blue Line and close to premier dining, shopping, and nightlife, with easy access to the expressway and downtown, this location adds significant value. A rare chance to acquire a versatile asset in one of Chicago's fastest-growing and most sought-after neighborhoods-ready for your vision.

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Commercial Active

Price

$ 1,499,900

Property Type

Commercial

Taxes

$ 20,322

Style

Lot Size

0.070753

Year Built

1900

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12599833

Features
General
Cooling Window Unit(s)
Construction Materials Brick
Year Built 1900
Electric Other
Tenant Pays Electricity
Stories Count 3
Township West Chicago
Property Subtype Mixed Use
Tax Year 2023
Gross Income 140000
County Cook
Net Operating Income 83450
Operating Expense 32050
Insurance Expense 4500
Property Type Commercial Sale Mixed Use
Possible Use Commercial Multi-Family Single Family Retail
Status New
Directions From downtown (The Loop) head northwest on N Milwaukee Ave for approximately 2-3 miles. The property is just north of W Division St on the west side of the street. Easily accessible via I-90/94 (K
City Chicago
Number Of Units Total 5
MLS Area CHI - West Town
Lot Size Square Feet 3082
Tax Annual Amount 20322
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 5850
Lot Dimensions 25X123
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* Excluded Features
List By
Exp Realty

Broker

ryan@ryancasper.net

Email

Affordability Calculator

$10,929
Per Month
85%
15%
0%
Monthly Principal & Interest
$9,235
Monthly Property Taxes
$1,694
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
3/31/2026$1,499,900 Listed Price

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1136 N Milwaukee Avenue, Chicago, IL, 60642 is a Commercial Property for sale at $1,499,900 with 5,850 sqft and a lot size of 0.070753. 1136 N Milwaukee Avenue was built in 1900. The property's zip code is 60642 which is in Chicago, IL