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    1259 N Milwaukee Ave Chicago, IL 60622

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    For Sale
    $1,599,000

    Three-unit mixed-use building in the heart of Wicker Park.

    Property size:
    7,350 SF
    Lot size:
    0.06 Acres

    Property Features for 1259 N Milwaukee Ave

    General Information

    Size
    7,350 SF
    Lot size
    0.06 Acres

    Source: @Properties | Chicago (North) Agent Ian Feinerman

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

    Overview

    Wicker Park Mixed-Use Building

    This three-unit mixed-use building features two loft-style residential units and one retail unit with a long-term tenant. The property is centrally located in the heart of Wicker Park along the bustling Milwaukee Avenue retail corridor. The roof and tuckpointing have been completed in the last 5 to 6 years, and the retail level has been fully renovated. The building is located steps from the Blue Line entry at Division Street and Ashland Avenue, with access to the Kennedy Expressway within a quarter mile. Bus and Divvy stops are located right outside the building. Area tenants include Dunkin Donuts, Jewel, Lowes, Pet Supplies Plus, and Den Theater.
    Location Intelligence

    Current Use by Public Records

    BANG! Salon Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6683377
    Latitude
    41.90485

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    FAQs

    What type of property is this?
    Mixed-use property - Three-unit mixed-use building in the heart of Wicker Park.
    Where is this mixed-use property located?
    The property is located at 1259 N Milwaukee Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: - Prime Wicker Park location on Milwaukee Ave retail corridor.; - Mixed-use building with 2 residential lofts and 1 retail unit.; - Retail unit is fully rehabbed with a long-term tenant.
    (773) 802-2543
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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
    1259 N Milwaukee Ave Chicago, IL 60622
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