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Mixed-Use Portfolio with Retail
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1505 N Milwaukee Ave, Chicago, IL 60622

Six buildings combine recently constructed apartments, commercial suites, and dedicated parking in Chicago’s Wicker Park neighborhood.

Property Size55,690 SF
Days on Market144

Property Features for 1505 N Milwaukee Ave

General Information

Standard status Active
Size 55,690 SF
Class Class A
Total Parking Spaces 29
Property subtype Retail, Multifamily, Mixed Use

Site & Location

Anchor Co-Tenants Jeni's Ice Cream, Round Two, Umami Burger, Buffalo Exchange, Native Foods, Kizuki Ramen
Public Transit Yes

Additional Details

Multifamily Units 12

Building Details

Buildings 6
Tenancy Multi
Listing Agency: JLL Chicago | North Riverside Plaza
Listed By: Michael Nieder · License #IL475.189942
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 4:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | North Riverside Plaza

Investment Insights

Based on property information with market context.

The Wicker Park Portfolio comprises six buildings totaling 55,690 square feet, with 12 recently constructed apartment units, 12 commercial spaces, and 29 dedicated parking spaces. Four buildings occupy hard-corner positions. The commercial roster includes Jeni’s Ice Cream, Round Two, Umami Burger, Buffalo Exchange, Native Foods, and Kizuki Ramen.

The properties are located at 1505 N Milwaukee Ave in Chicago’s Wicker Park neighborhood. The surrounding one-mile area includes nearly 30,000 households with an average income exceeding $145,000. Damen and Division CTA Blue Line stops provide nearby rail access, supporting activity during both daytime and evening hours.

Key Highlights

  • Six‑building portfolio totaling 55,690 square feet
  • 12 recently constructed apartment units and 12 commercial spaces
  • 29 dedicated parking spaces included

Property Analytics

Current Use

Jeni's Splendid Ice ... Grocery & Convenience Store

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher Clothing & Fashion Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,788
Businesses Nearby

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Six buildings combine recently constructed apartments, commercial suites, and dedicated parking in Chicago’s Wicker Park neighborhood.
Where is this mixed-use property located?
The property is located at 1505 N Milwaukee Ave Chicago, IL.
What are key features of this property?
This property features: Six‑building portfolio totaling 55,690 square feet; 12 recently constructed apartment units and 12 commercial spaces; 29 dedicated parking spaces included
(312) 300-7291 Call to check price and availability
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