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2822 N Milwaukee Ave 4,500 SF Retail Building Chicago, IL 60618 $724,000 ($160.89/SF)
Investment Highlights
- A well-maintained, property in an outstanding location with excellent visibility and strong street traffic.
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.
Rentals are way under market value. Tenants pay all utilities. Second floor rented through 12/31/26. List broker related to seller, but no financial interest.
Rentals are way under market value. Tenants pay all utilities. Second floor rented through 12/31/26. List broker related to seller, but no financial interest.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,500 SF
Building Class
C
Year Built
1917
Price
$724,000
Price Per SF
$160.89
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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