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    5533 N Milwaukee Ave Chicago, IL 60630

    Sponsored
    For Sale
    $49,000

    COMMERCIAL - Chicago, IL

    Days on Market:
    175
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 5533 N Milwaukee Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    00000000000000

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Rubber

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Mark Ahmad (773) 983-1553

    Listing date Jul 15, 2025

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Chicago Hair Salon Business

    This is a well-established hair salon business located in Chicago, Illinois. The business offers a full range of services and includes features, fixtures, goodwill, and a phone number. It is situated in a mixed commercial and residential neighborhood with ample street parking and convenient access to public transportation. The salon operates Monday through Thursday from 10:00 a.m. to 10:00 p.m., Friday and Saturday from 10:00 a.m. to 11:00 p.m., and Sunday from 11:00 a.m. to 8:00 p.m. The current gross lease is $1,800 per month until August 2028, with one 5-year option.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Armor Electrical Contractors Electrician Continental Beauty Salon Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7735533
    Latitude
    41.982679

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    FAQs

    What type of property is this?
    Retail space - Profitable hair salon business for sale in Chicago.
    Where is this retail space located?
    The property is located at 5533 N Milwaukee Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: - Well-established and fully operational hair salon business.; - Favorable lease terms: $1,800/month until August 2028 with a 5-year option.; - Full range of hair salon services offered.
    (773) 983-1553
    Request Owner's contact information
    5533 N Milwaukee Ave Chicago, IL 60630
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5533 N Milwaukee Ave Chicago, IL 60630
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