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2822 N Milwaukee Ave 4,500 SF Retail Building Chicago, IL 60618 $850,000 ($188.89/SF)
Investment Highlights
- Rentals are way under market value.
- Excellent visibility and strong street traffic
- Tenants pay all utilities
Executive Summary
Exceptional investment opportunity on bustling Milwaukee Avenue in a prime high-traffic business corridor! This solid brick mixed-use 3-story building features two commercial storefronts - one currently leased and one vacant. Above the commercial spaces are 2 spacious 6-room, 3-bedroom residential units featuring updated interiors, newer appliances. in-unit washer/dryers, and private rear decks. Additional improvements include newer windows, central A/C on the first and second floors, and all tenants pay their own utilities. Major capital improvements have already been completed, including a new roof and tuckpointing within the last two years. A well-maintained, property in an outstanding location with excellent visibility and strong street traffic.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,500 SF
Building Class
C
Year Built
1917
Price
$850,000
Price Per SF
$188.89
Tenancy
Single
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.10 AC
Zoning
B2-2 - Chicago B2-2 Zoning is a Neighborhood Mixed-Use District that allows a combination of commercial and residential uses.
Frontage
25’ on Milwaukee
Amenities
- Bus Line
Exceptionally walkable
100/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-26-225-058-0000 | Improvements Assessment | $50,844 |
| Land Assessment | $8,156 | Total Assessment | $59,000 |
Property Taxes
Parcel Number
13-26-225-058-0000
Land Assessment
$8,156
Improvements Assessment
$50,844
Total Assessment
$59,000
Contacts
-
Paula Gagerman -
Jolie Friedman
-
@properties | Christie's International Real Estate
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