231 N Milwaukee Avenue
Wheeling, IL, 60090 $ 480,000
Bedrooms2 Baths1.1 Sq 1,648 Monthly Estimate*
$ 3,031
for $480,000 with 2 bedrooms and 1 full bath, 1 half bath. This 1,648 square foot home was built in 1971 on a lot size of 0.27.
Freestanding storefront building with finished living quarters upstairs, a paved parking lot and a detached garage, on 0.29 acre with 100 feet of frontage on Milwaukee Avenue (US 45). Vacant, immediate occupancy. Please note: this is a mixed-use property, not a single-family house. Cook County classifies it as Class 2-12 mixed-use commercial/residential, and the Village of Wheeling zones it B-3 General Commercial and Office District. Buyer to verify residential occupancy of the second floor, and every intended use, with the Village of Wheeling. Main floor: the front door opens to a front room on the left and a larger room on the right, both with large street-facing display windows. Behind them is a kitchen area with sink and a small pantry, and a half bath sits by the stairs. Upstairs: an open room leads back to a bedroom, a full bath with tub and shower, and a laundry room, with a door out to the balcony over the entry, which has its own exterior stair down to the parking lot. Central air, boiler heat, partial basement. The sale includes the adjoining paved side lot: two parcels, 12,596 SF of land in total. B-3 zoning allows retail, restaurant, personal service, medical and dental office, general office and artist studio uses by right. IDOT counted 24,300 vehicles a day on Milwaukee Avenue at the property in 2025, and a Pace bus stop (Routes 272 and 234) is at the property. Walgreens, Fresh Farms International Market, Chase, Benihana, Scooter's Coffee and the Dundee Road restaurant cluster are within a quarter mile; the Wheeling Metra station is 1.8 miles away and I-294 at Lake Cook Road 3.9 miles. The building parcel is outside the FEMA Special Flood Hazard Area (Cook County parcel data, 2024). Buyers using residential (FHA or conventional) financing should confirm eligibility with their lender before writing an offer. Building size (1,648 SF, Cook County Assessor), lot size and all other figures are from public record or the seller and must be verified by the buyer, including real estate taxes and the 2025 Cook County reassessment.
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FeaturesGeneralLiving Area 1648
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Possession Closing
Garage Spaces 1
Association Fee Includes None
Construction Materials Vinyl Siding
Year Built 1971
Township Wheeling
Tax Year 2023
Ownership Fee Simple
Additional Parcels Description 03024050040000
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Detached Single
Total Rooms 6
Full Baths 1
Status New
Directions N On N Milwaukee R to property
High School Wheeling High School
City Wheeling
High School District 214
MLS Area Wheeling
Tax Annual Amount 7995
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 21
Elementary School District 21
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InteriorBasement Unfinished Partial
Half Baths 1
Total Bedrooms 2
Room Type No additional rooms
Total Baths 2
Bedrooms Possible 2
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ExteriorParking Features Yes Detached Garage
Water Source Public
Total Parking 5
Lot Dimensions 100x130
Lot Size Acres 0.27
Waterfront Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,031
- Monthly Property Taxes
- $666
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbySingle family listings in Wheeling, IL
Average List Price $453,707
Percent of Sale Price 5%
About Wheeling, IL 39,281 Population
7% Since 2002
$ 61,129 Median Income
39.33 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
565004 Elementary School
567027 Middle School
Wheeling High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/21/2026 | $480,000 | | Listed Price |