Chicago, IL 60642 1136 N Milwaukee Avenue
$1,499,900



15 more















Presented By: eXp Realty
Home Details
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.
Presented By: eXp Realty
General for 1136 N Milwaukee Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
DirectionsFrom downtown (The Loop), head northwest on N Milwaukee Ave for approximately 2-3 miles. The property is just north of W Division St on the west side of the street. Easily accessible via I-90/94 (K
ElectricOther
Electric Expense
Fuel Expense
Gross Income140000
Insurance Expense4500
Lot Size Square Feet3082
MLS AreaCHI - West Town
Net Operating Income83450
Number Of Units Total5
Operating Expense32050
Possible UseCommercial, Multi-Family, Single Family, Retail
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount19603.24
Tax Year2024
Tenant PaysElectricity
TownshipWest Chicago
Trash Expense0
Water Sewer Expense0
Year Built1900
Exterior for 1136 N Milwaukee Avenue
Building Area Total5850
Lot Dimensions25X123
Additional Details
Price History

SQFT • 5,850