5844 N Milwaukee Avenue Chicago, IL ^$ 1,600,000

5844 N Milwaukee Avenue

^$ 1,600,000

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5844 N Milwaukee Avenue

Chicago, IL, 60646

^$ 1,600,000

Bedrooms-- Baths-- Sq 11,000

Monthly Estimate*

^$ 10,103

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Commercial Property for sale in Chicago, IL

for $1,600,000. This 11,000 square foot building was built in 1942 on a lot size of 0.137994.

11,000 SF mixed-use commercial building on high-traffic Milwaukee Avenue with endless possibilities for investors, business owners, and developers. Currently operating as a nonprofit facility, the property features a large banquet hall, full-service bar, commercial kitchen, eight private offices, and a spacious apartment suite. Zoned B3-1, it offers flexibility for event space, office use, restaurant concepts, mixed-use redevelopment, or income-producing investment opportunities. **SELLER FINANCING IS AVAILALBE** Major updates were completed approximately six years ago, including the furnace, hot water heaters, electrical systems, and roof improvements. Two dedicated parking spaces are included. Prime location, strong visibility, and multiple potential income streams make this a rare opportunity in one of Chicago's busiest commercial corridors.

Commercial Active

Price

^$ 1,600,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.137994

Year Built

1942

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12710570

Features

General

Cooling Central Air

Zoning COMMR

Construction Materials Brick

Year Built 1942

Electric Circuit Breakers

Tenant Pays Varies by Tenant

Stories Count 2

Property Subtype Mixed Use

Tax Year 2022

Gross Income 0

County Cook

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status New

Directions W. Bryn Mawr Ave to Milwaukee Ave. NORTH. NWC Corner of Moody Ave.

City Chicago

Number Of Units Total 1

MLS Area CHI - Norwood Park

Lot Size Square Feet 6011

Tax Annual Amount 0

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Building Area Total 11000

Lot Dimensions 0.138

* Excluded Features

List By

Golden City Realty, Inc.

Broker

jerry4homes@gmail.com

Affordability Calculator

$10,103

Per Month

Monthly Principal & Interest: $10,103
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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 ^$955,673

Percent of Sale Price 40%

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
7/20/2026	$1,600,000		Listed Price

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5844 N Milwaukee Avenue, Chicago, IL, 60646 is a Commercial Property for sale at $1,600,000 with 11,000 sqft and a lot size of 0.137994. 5844 N Milwaukee Avenue was built in 1942. The property's zip code is 60646 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

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

Data is updated as of 7/21/2026.

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5844 N Milwaukee Avenue

Commercial Property for sale in Chicago, IL

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