231 N Milwaukee Avenue
Wheeling, IL, 60090 $ 399,000
Bedrooms-- Baths-- Sq 1,648 Monthly Estimate*
$ 2,756
for $399,000. This 1,648 square foot building was built in 1971 on a lot size of 0.29.
231 N Milwaukee Ave is a 1,648 SF two-story freestanding mixed-use building offered vacant with its adjoining paved side lot. The two parcels total 12,596 SF (0.29 acre), with 100 feet of frontage on Milwaukee Avenue (US 45 / IL 21). IDOT counted 24,300 vehicles per day on Milwaukee Avenue in 2025. Cook County carries the building as Class 2-12 mixed-use commercial/residential. It has a storefront first floor with finished living quarters above. Immediate occupancy. The storefront first floor has two front rooms with large street-facing display windows fitted with merchandise grids. Other features include track lighting, an entry vestibule with alarm keypad, a middle room with wood-look plank flooring, a kitchen area with sink, and a half bath. The second floor is finished, with an open main room, a second room facing Milwaukee Avenue, a full bath with tub and shower, and a laundry room. A door opens to the balcony over the entry. The balcony has its own exterior stair down to the parking lot. Central air, boiler heat, partial basement, and a detached garage at the rear of the paved lot. A Pace bus stop (Routes 272 and 234) is at the property. Zoning is B-3 General Commercial and Office District, Village of Wheeling, where general retail, restaurant, personal service, medical office (including dental and chiropractic), general office, business service and artist studio are permitted by right; bank, health clinic, day care, health club and tavern are among 59 special uses. The B-3 use table lists no dwelling use: buyer to verify residential occupancy of the second floor, and every intended use, with the Village of Wheeling. Walgreens, Fresh Farms International Market, Chase, Benihana, Scooter's Coffee and the Dundee Road restaurant cluster are within a quarter mile. Wheeling Metra is 1.8 miles away, Chicago Executive Airport 2.3 miles 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). 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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FeaturesGeneralCooling Central Air
Roof Composition
Zoning RTAIL
Construction Materials Wood Vinyl Siding
Year Built 1971
Electric Service - 0 to 100 Amps
Stories Count 2
Township Wheeling
Tax Year 2023
Gross Income 0
Additional Parcels Description 03024050030000
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions N on Milwaukee property on right
City Wheeling
Number Of Units Total 2
MLS Area Wheeling
Lot Size Square Feet 12596
Tax Annual Amount 7995
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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ExteriorBuilding Area Total 1648
Lot Dimensions 100x130
Lot Size Acres 0.29
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,756
- Monthly Property Taxes
- $666
- 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.
Learn more about how to save NearbyCommerical listings in Wheeling, IL
Average List Price $1,875,863
Percent of Sale Price 370%
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.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/1/2026 | $399,000 | | Listed Price |