3500 N Milwaukee Avenue
Chicago, IL, 60641 $ 3,350,000
Baths0.0 Monthly Estimate*
$ 20,627
Studio for $3,350,000. The lot size is 0.89.
Rare opportunity to acquire 0.87 acres (7 parcels, 37,763 SF) in Chicago's Northwest Side. Currently occupied by Star Distributors, the property will be delivered vacant, offering flexibility for owner-users, investors, or developers. Zoned B1-1, one of Chicago's most flexible designations, allowing a wide range of commercial, office, service, and residential uses (above ground floor). Located on N Milwaukee Ave between Keeler and Tripp, with excellent frontage, visibility, and traffic. Just 1 mile from the rapidly redeveloped Six Corners, featuring a new Target, 206 luxury apartments, Clarendale Senior Living (258 units), Northwestern Medicine's $150M outpatient center, and new ALDI. Transit Friendly: Bus Route 56 (front of site), Routes 53 & 152 (0.2 mi) CTA Blue Line (Irving Park/Addison - 0.75 mi) Metra (Grayland - 0.5 mi, Irving Park - 0.7 mi) Easy access to I-90/94 Area is seeing major public and private investment, including a $27M streetscape upgrade to Milwaukee Ave and Logan Square enhancing walkability and safety. Alderwomen is open to change and development. Demographics: 54,000+ residents within 1 mile | Avg. income: $118K 493,000+ within 3 miles | Avg. income: $127K 95,000+ local workers Highlights: Delivered vacant - ready for occupancy, lease-up, or redevelopment Full block frontage with ample parking Strong nearby retail: Target, Aldi, CVS, Starbucks, Chipotle, etc.
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FeaturesGeneralUtilities Electric to Site Natural Gas Available
Possession Closing
Zoning COMMR
Township North Chicago
Tax Year 2024
Current Use Commercial
Ownership Fee Simple
Additional Parcels Description 13224120070000 13224120060000 13224120050000 13224120040000 13224120030000 13224120410000
County Cook
Property Type Land Land
Status New
Directions Corner of Milwaukee and Keeler
City Chicago
High School District 299
MLS Area CHI - Irving Park
Tax Annual Amount 56228
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement None
Laundry Features None
Total Baths 0
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ExteriorWater Source Municipal Water
Total Parking 0
Lot Dimensions 116x286x95x79x280
Lot Size Acres 0.89
Road Surface Type Asphalt
Frontage Length 280
Frontage Type City Street
Waterfront Y/N N
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* Excluded FeaturesList ByS Hansen Realty Inc.Broker
rick@hansenrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $20,627
- Monthly Property Taxes
- $4,686
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbyLots and land listings in Chicago, IL
Average List Price $318,187
Percent of Sale Price 91%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/26/2026 | $3,350,000 | | Listed Price |