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1643 N Milwaukee Ave
Chicago, IL 60647
Office Property For Sale
Executive Summary
To view Offering Memorandum, please visit: https://www.cbredealflow.com/handler/modern.aspx?pv=NTs0aPGtyi63yY4xY_FyGEpbOWmRWbbZoMk6vO5Ldje5LIa-zbE5hNy8oOtV-ryA5ZKp8KnvORw9QCZ9GK3dWQ
1643 N Milwaukee is a fully renovated 5-story historic loft office building (built 1894, gut-renovated 2017) delivering 20,631 SF of creative office space across five floors at 100% occupancy that generates stable in-place cash flow at rents ranging from $24–$42/SF — meaningfully above the submarket average of $23.58/SF. Tenants include Compass Illinois (two suites), Core Campus (two suites), and Arrival Artists. The building’s multi-wythe brick facade with limestone detailing, Firestone TPO roof, and modernized mechanical systems make it one of the most distinctive boutique office assets on the Milwaukee Corridor. The adjacent building at 1647 N Milwaukee is also Available for Sale. Please contact broker for details.
1643 N Milwaukee is a fully renovated 5-story historic loft office building (built 1894, gut-renovated 2017) delivering 20,631 SF of creative office space across five floors at 100% occupancy that generates stable in-place cash flow at rents ranging from $24–$42/SF — meaningfully above the submarket average of $23.58/SF. Tenants include Compass Illinois (two suites), Core Campus (two suites), and Arrival Artists. The building’s multi-wythe brick facade with limestone detailing, Firestone TPO roof, and modernized mechanical systems make it one of the most distinctive boutique office assets on the Milwaukee Corridor. The adjacent building at 1647 N Milwaukee is also Available for Sale. Please contact broker for details.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
20,631 SF
Building Class
B
Year Built/Renovated
1894/2017
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
4,126 SF
Slab To Slab
15’
Building FAR
4.31
Lot Size
0.11 AC
Zoning
B3-5
Property Taxes
| Parcel Number | 14-31-332-050-0000 | Improvements Assessment | $552,500 |
| Land Assessment | $60,000 | Total Assessment | $612,500 |
Property Taxes
Parcel Number
14-31-332-050-0000
Land Assessment
$60,000
Improvements Assessment
$552,500
Total Assessment
$612,500
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