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    1643 N Milwaukee Ave Chicago, IL 60647

    For Lease
    $28 SF/Yr

    Extensively renovated loft office building with modern amenities for rent.

    Property Features for 1643 N Milwaukee Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1894

    Source: D4 REALTY INC Agent DAVID SCHRAUFNAGEL

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

    Overview

    Renovated Loft Office Space Available

    This extensively renovated loft office building offers three floors of thoughtfully designed workspace. The available space is either 4,008 RSF or 12,728 RSF. The building features direct elevator access and connecting stairwells, ensuring seamless movement throughout. Large windows and skylights flood the space with natural light, highlighting the high ceilings and polished concrete floors. Modern lighting and custom fixtures add a sleek, contemporary touch. The versatile layout combines private offices and conference rooms with stylish glass fronts, alongside spacious open bullpens ideal for collaborative workstations. A private outdoor patio on the 5th floor is perfect for breaks or informal meetings. Enhanced amenities include kitchenettes on every level, creating a welcoming atmosphere for events and gatherings. The rental rate is $28 per square foot on a modified gross lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ramiro Solis - Chicago ... Real Estate Agent Sal Mazzulla, Realtor ... Real Estate Agent Oxenfree Real Estate Agency Second City Agents Real Estate Agency RENT BUY SELL ... Real Estate Agent

    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
    -87.6786603
    Latitude
    41.9114596

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    FAQs

    What type of property is this?
    Office building - Extensively renovated loft office building with modern amenities for rent.
    Where is this office building located?
    The property is located at 1643 N Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Extensively renovated loft office building with thoughtfully designed workspace.; - Option for 4,008 RSF or 12,728 RSF.; - Abundant natural light from large windows and skylights, complemented by high ceilings and polished concrete floors.
    (773) 430-6406
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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
    1643 N Milwaukee Ave Chicago, IL 60647
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