1072 N Milwaukee Avenue Chicago, IL $ 1,600,000
1072 N Milwaukee Avenue
$ 1,600,000
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1072 N Milwaukee Avenue

Chicago, IL, 60642
$ 1,600,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 11,051

1072 N Milwaukee Avenue, Chicago, IL 60642 - Image 1
1072 N Milwaukee Avenue, Chicago, IL 60642 - Image 2

Lots and Land for sale in Chicago, IL

for $1,600,000.

Prime redevelopment opportunity at 1072 N Milwaukee Avenue in Chicago's vibrant Milwaukee Avenue corridor. The property features a 5,227-square-foot lot zoned C1-3, offering exceptional potential for a mixed-use residential and commercial development. With a 3.0 Floor Area Ratio (FAR), the site provides approximately 15,682 square feet of allowable floor area and a projected development capacity of 14 residential units. C1-3 zoning permits a variety of commercial uses, including ground-floor retail with residential apartments above, creating an attractive opportunity for developers and investors. No ARO requirement. Ideally positioned along a highly desirable urban corridor, this property presents an opportunity to capitalize on strong neighborhood demand and continued investment in the surrounding area. All zoning, density, permitted uses, and development potential are subject to independent verification with the City of Chicago.

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Lots and Land Active

Price

$ 1,600,000

Property Type

Lots and Land

Taxes

$ 6,677

Style

Commercial

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12783193

Features
General
Utilities Electric to Site Natural Gas Available
Possession Closing
Township West Chicago
Tax Year 2025
Current Use Commercial
Ownership Fee Simple
County Cook
Property Type Land Land
Status New
Directions from downtown take milwaukee to 1072
City Chicago
High School District 299
MLS Area CHI - West Town
Tax Annual Amount 6677
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Cellar
Laundry Features None
Total Baths 0
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Exterior
Total Parking 0
Lot Dimensions 48.1x100
Road Surface Type Concrete
Frontage Length 48.1
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
Meridian Real Estate Chicago Llc

Broker

james@meridianchicago.com

Email

Affordability Calculator

$11,607
Per Month
95%
5%
0%
Monthly Principal & Interest
$11,051
Monthly Property Taxes
$556
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/13/2026$1,600,000 Listed Price

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1072 N Milwaukee Avenue, Chicago, IL, 60642 is a Lots and Land for sale at $1,600,000. 1072 N Milwaukee Avenue has 0.0 baths. The property's zip code is 60642 which is in Chicago, IL