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    705 N Milwaukee Ave Chicago, IL 60642

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    For Sale
    $750,000

    Duplex commercial condo in River West, updated in 2021.

    Property Features for 705 N Milwaukee Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1950

    Source: COMPASS Agent THOMAS WAGNER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    River West Commercial Condo For Sale

    This duplex commercial condo is located in the River West neighborhood, bordering West Loop, West Town, and Fulton Market. The unit, updated in 2021, features two floors and an open concept first floor with hardwood floors, high ceilings, natural light, a snack station, storage areas, and a bathroom. The lower level includes a gathering area, a glass-enclosed conference room and office, a kitchen, a bathroom, and a hidden server room. Floor-to-ceiling windows and a large atrium allow light to both levels. There is space for 3 parking spots in the rear of the building. The property is located in a dense residential and commercial area with vehicular traffic. Area tenants include My Chicago Golf, Orange Theory, CVS, Dunkin' Donuts, Urban Market, Matchbox, Starbucks and Erie Street Auto Body. It is located two blocks from the Blue Line L stop and has access to the Kennedy Expressway. This property is purposed for business use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Capital Logistics Group Transportation Service PS Lash & Hair ... Hair Extension Technician Pink Sugar Beauty ... Hair Extension Technician

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6523426
    Latitude
    41.8945957

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    FAQs

    What type of property is this?
    Office space - Duplex commercial condo in River West, updated in 2021.
    Where is this office space located?
    The property is located at 705 N Milwaukee Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime location in River West, bordering West Loop, West Town, and Fulton Market.; - Rehabbed in 2021 with modern finishes and a well-designed floor plan.; - Duplex down commercial condo with two floors and ample space.
    Request Owner's contact information
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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
    705 N Milwaukee Ave Chicago, IL 60642
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