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$ 1,499,900
Est. payment | /mo
5,850 SqFt
$ 1,499,900
Est. payment | /mo
5,850 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,850 sqft
Price per Sqft $256
MLS Listing ID 12599833
Year Built 1900
Annual Tax Amount $19,603
Tax Year 2024
Lot Dimensions 25X123
Property Sub-Type Mixed Use
Property Description
Well-kept mixed-use property in the highly desirable East Wicker Park / West Town corridor. Situated on bustling Milwaukee Ave near Division, this B3-2 zoned building provides excellent opportunities for investors, developers, or owner-occupiers. The property features a spacious commercial area with soaring ceilings, four residential units above-also with high ceilings-and an extra garage unit. This combination creates multiple income streams and strong long-term growth potential. A proven rental history delivers immediate stability, with opportunities to increase returns through modest improvements. Its true appeal lies in its adaptability. Maintain it as a high-performing residential multi-unit, enhance the commercial footprint, or transform the entire property into something new. Possibilities include a signature restaurant with rooftop seating, boutique mixed-use development, creative office space, upscale rentals, or a one-of-a-kind live/work concept. Located just steps from the Blue Line and close to premier dining, shopping, and nightlife, with easy access to the expressway and downtown, this location adds significant value. A rare chance to acquire a versatile asset in one of Chicago's fastest-growing and most sought-after neighborhoods-ready for your vision.
Location
State IL
County Cook
Area Chi - West Town
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Ryan Casper of eXp Realty