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1072 N Milwaukee Ave
Chicago, IL 60642
Retail Property For Sale
Investment Highlights
- 1072 N Milwaukee is ideally positioned to remain the beneficiary of this elite microeconomy
- investment opportunity presents rare opportunity to acquire some of the most sought after real estate in the entire city.
- Land Footprint: 4,810 SF
- Conversely, the site also carries C1-3 zoning allowing for byright development of of 14,430 SF build-able floor area and up to 12 residential units,
- Unbeatable West Town / Wicker Park Location
Executive Summary
1072 N Milwaukee Avenue is a premier infill development opportunity located along one of Chicago’s most dynamic and rapidly evolving corridors in the heart of Wicker Park/West Town. The Property benefits from exceptional frontage and visibility on Milwaukee Avenue, a hightraffic retail and mixed-use thoroughfare known for its strong tenant demand, dense residential base, and vibrant dining, entertainment, and nightlife scene. The site is ideally positioned for high-density residential or mixed-use redevelopment, capitalizing on the area’s continued population growth, rental demand, and premium pricing for well-located new construction.
The surrounding neighborhood is characterized by a blend of new luxury apartment developments, creative office, and destination retail, supporting a compelling case for additional residential units with ground floor retail or other commercial uses. Proximity to CTA Blue Line stations, multiple bus routes, I-90, and quick access to Downtown and Fulton Market further enhances the site’s appeal to both renters and end users seeking transit-oriented, walkable living. With strong fundamentals, limited infill supply, and continued capital investment in the Milwaukee Avenue corridor, 1072 North Milwaukee presents an exceptional opportunity to deliver a best-in-class project in one of Chicago’s most sought-after urban submarkets.
The surrounding neighborhood is characterized by a blend of new luxury apartment developments, creative office, and destination retail, supporting a compelling case for additional residential units with ground floor retail or other commercial uses. Proximity to CTA Blue Line stations, multiple bus routes, I-90, and quick access to Downtown and Fulton Market further enhances the site’s appeal to both renters and end users seeking transit-oriented, walkable living. With strong fundamentals, limited infill supply, and continued capital investment in the Milwaukee Avenue corridor, 1072 North Milwaukee presents an exceptional opportunity to deliver a best-in-class project in one of Chicago’s most sought-after urban submarkets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,430 SF
Building Class
C
Year Built
1882
Tenancy
Single
Building Height
2 Stories
Building FAR
3.00
Lot Size
0.11 AC
Zoning
C1-3
Parking
2 Spaces (0.14 Spaces per 1,000 SF Leased)
Frontage
191’ on North Milwaukee Avenue
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $80,120 | |
| Land Assessment | $35,760 | Total Assessment | $115,880 |
Property Taxes
Parcel Numbers
Land Assessment
$35,760
Improvements Assessment
$80,120
Total Assessment
$115,880
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