2822 N Milwaukee Avenue Chicago, IL ^$ 850,000

2822 N Milwaukee Avenue

^$ 850,000

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2822 N Milwaukee Avenue

Chicago, IL, 60618

^$ 850,000

Bedrooms-- Baths-- Sq 4,500

Monthly Estimate*

^$ 5,234

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Commercial Property for sale in Chicago, IL

for $850,000. This 4,500 square foot building was built in 1918 on a lot size of 0.043.

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.

Commercial Active

Price

^$ 850,000

Property Type

Commercial

Taxes

^$ 13,082

Style

Commercial

Lot Size

0.043

Year Built

1918

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12658519

Features

General

Cooling Central Air

Utilities Electric to Site Natural Gas Available

Construction Materials Brick

Year Built 1918

Electric Circuit Breakers

Tenant Pays Electricity Heat

Stories Count 3

Township Jefferson

Property Subtype Mixed Use

Tax Year 2025

Current Use Commercial Other

Gross Income 59000

County Cook

Net Operating Income 0

Operating Expense 8000

Insurance Expense 2895

Property Type Commercial Sale Mixed Use

Possible Use Commercial Multi-Family Retail Other

Status Active

Directions From the intersection of Damen Ave & North Ave in Chicago: Head northwest on North Ave Turn right onto N Milwaukee Ave Continue northwest for about 1.5 miles Destination will be on your right at

City Chicago

Number Of Units Total 4

MLS Area CHI - Avondale

Lot Size Square Feet 1875

Tax Annual Amount 13082.8

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Interior

Flooring Concrete Tile Vinyl Wood Other

Exterior

Water Source Community Water

Foundation Details Concrete Perimeter

Building Area Total 4500

Lot Dimensions 25x75

Lot Size Acres 0.043

Frontage Type City Street

* Excluded Features

List By

@Properties Christie's International Real Estate

Broker

paulagagerman@atproperties.com

Affordability Calculator

$6,324

Per Month

Monthly Principal & Interest: $5,234
Monthly Property Taxes: $1,090
Monthly Home Insurance: --

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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

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$947,644

Percent of Sale Price 11%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/2/2026	$850,000		Listed Price

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2822 N Milwaukee Avenue, Chicago, IL, 60618 is a Commercial Property for sale at $850,000 with 4,500 sqft and a lot size of 0.043. 2822 N Milwaukee Avenue was built in 1918. The property's zip code is 60618 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

http://www.mredllc.com/comms/resources/DMCA_Notice.pdf

Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/13/2026.

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2822 N Milwaukee Avenue

Commercial Property for sale in Chicago, IL

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