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Investment Highlights

  • Constructed in 2015 with modern systems and LEED Gold certification.
  • Located along Milwaukee Avenue with strong transit access (CTA bus and Blue Line).
  • Purpose-built educational facility with 33 classrooms and full amenity package.
  • Flexible zoning supports commercial, residential, or mixed-use potential (subject to approvals).

Executive Summary

2989 N. Milwaukee Ave presents a compelling opportunity to acquire a fee simple interest in a ±80,471 SF institutional-quality facility in Chicago’s rapidly evolving Logan Square/Avondale corridor. Constructed in 2015, the four-story building sits on a 1.036-acre site and is currently a purpose-built educational facility with infrastructure designed for immediate occupancy. The asset is being offered subject to offer, providing flexibility for both owner-users and investors. Owner-users benefit from immediate control of a high-quality, move-in-ready property, eliminating lease rollover and development risk, while investors gain optionality for repositioning or adaptive reuse, including potential residential or mixed-use conversion subject to zoning and approvals. The property is located along a highly active corridor experiencing continued residential growth, rising incomes, and increased development activity, supporting long-term appreciation potential and sustained demand.

Property Facts

Sale Type Investment or Owner User
Property Type Specialty
Property Subtype School
Building Class B
Lot Size 1.04 AC
Building Size 80,471 SF
No. Stories 4
Year Built 2015
Parking Ratio 0.63/1,000 SF
Zoning B3-3 - Both B3-3 and RS-3 Zoning
Parcel Numbers
Multiple
  • 13-26-112-057-0000
  • 13-26-112-016-0000
  • 13-26-112-053-0000
  • 13-26-112-058-0000
  • 13-26-112-056-0000
  • 13-26-112-017-0000

Amenities

  • Signage
  • Air Conditioning
  • Backup Power / Generators
  • Locker Room
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
  • Listing ID: 40977470

  • Date on Market: 6/18/2026

  • Last Updated:

  • Address: 2829 N Milwaukee Ave Ave, Chicago, IL 60618

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