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Three-Story Mixed-Use Building
For Sale
$850,000

2822 N Milwaukee Avenue, Chicago, IL 60618

Solid brick three-story mixed-use building with two storefronts and two residential units above, including in-unit washer/dryers.

Days on Market60

Property Features for 2822 N Milwaukee Avenue

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 2

Amenities

updated interiors
newer appliances
in-unit washer/dryers
private rear decks
newer windows
central A/C on first and second floors

Building Details

Year Built 1918
Stories 3
Construction brick
Listing Agency: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE
Listed By: PAULA GAGERMAN
Source: Corcoran
Added: Jun 2 Changed: Jul 22 Last Checked: Jul 23 at 7:37AM

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 @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE

Investment Insights

Based on property information with market context.

This solid brick three-story mixed-use building includes two street-level commercial storefronts, with one currently leased and one vacant. The residential portion features two separate 6-room, 3-bedroom units located above the storefronts, each with updated interiors, newer appliances, in-unit washer/dryers, and private rear decks. Additional improvements include newer windows and central A/C serving the first and second floors.

The building is located on N Milwaukee Avenue within a high-traffic business corridor, with the storefronts benefiting from strong visibility. All tenants pay their own utilities.

Recent major capital work includes a new roof and tuckpointing completed within the last two years, supporting a well-maintained property ready for continued operation.

Key Highlights

  • 1918 solid brick 3‑story mixed‑use building on a high‑traffic business corridor
  • 2 commercial storefronts: 1 currently leased and 1 vacant
  • 2 residential units above the storefronts, each 3‑bedroom with 6 rooms

Property Analytics

Current Use

Las Americas Chicago ... Travel Agency

Suggested Use

Top Pick Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Nursing Home Tech Support Center Fish Market

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,605
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

Market

Properties on Market for Mixed-use properties in Chicago

Jan
Feb
Mar
Apr
May
Jun

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 - Solid brick three-story mixed-use building with two storefronts and two residential units above, including in-unit washer/dryers.
Where is this mixed-use property located?
The property is located at 2822 N Milwaukee Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1918 solid brick 3‑story mixed‑use building on a high‑traffic business corridor; 2 commercial storefronts: 1 currently leased and 1 vacant; 2 residential units above the storefronts, each 3‑bedroom with 6 rooms
More about this property
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