3278 N Milwaukee Avenue Chicago, IL 60618
3.28 acre site suitable for mixed-use development in Avondale.
Type:Land or Vacant Lot
Lot size:
3.28 Acres- Added:
- May 20, 2025
- Days on Market:
- 354
- Last Refresh:
- Apr 5 at 8:36 pm
Property Features for 3278 N Milwaukee Avenue
General Information
- Standard status
- Active
- Lot size
- 3.28 Acres
- Property subtype
- Land or Vacant Lot
Listing agent ADAM SCHNEIDERMAN License #475149601
Listing office STRAUSS REALTY LTD (773) 736-3600
Listing date May 20, 2025
Source Corcoran
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 STRAUSS REALTY LTD
HighLights
- Prime 3.28‑acre development site suitable for a high‑density, mixed‑use project in the heart of Avondale.
- Strong community support and previous alderman approval for zoning changes allowing 4‑5 story buildings.
- Excellent accessibility and exposure with high traffic counts and proximity to I‑90/94, Belmont Blue Line, and Irving Park Metra station.
- Located in rapidly growing Avondale, with increasing demand for residential and commercial spaces.
- Development incentives available including eTOD, NOF, TIF, LIHTC, federal subsidies, and Cook County Tax Incentives.
- High population density and household income within a 1‑mile radius.
Overview
Avondale Development Opportunity: 3.28 Acres
This is a 3.28-acre parcel in Avondale, bordered by Pulaski Road, Belmont Avenue, and Milwaukee Avenue. The site is suited for a higher-density, mixed-use development that could include residential units, a grocery store, restaurants, bars, entertainment venues, or a lifestyle center with community-focused retail. Formerly home to industrial buildings, small businesses, and auto-related uses, the site is now largely vacant. Zoning changes to allow for four- to five-story buildings have been supported. There is strong community support for redevelopment, with the shared goal of transforming the "Belmont Triangle" into a vibrant, mixed-use destination. A 2022 survey revealed that most respondents access the site by walking or driving, and expressed strong interest in open spaces along with dining and retail options. In 2022, the Department of Planning and Redevelopment designed three schemes. The site offers accessibility and exposure, with easy access to transportation including I-90/94, the Belmont Blue Line station, and the Irving Park Metra station. The surrounding neighborhood features a mix of community assets such as schools, churches, and a range of active retail establishments. Nearby tenants include Las Islas Marias, Walgreen's, CVS, HR Block, BP Gas, ATT Store, McDonald's, PNC Bank, shops, laundry and dining. The population within 1 mile is 44,014 with 17,021 households and average household income of $97,116. Development incentives include eTOD, NOF, TIF, LIHTC, federal subsidies grants and loans, Cook County Tax Incentives for Class 7A, 7B and L properties.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
H Wellness Massage ...
Alternative Medicine Practice
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7266
- Latitude
- 41.9405
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FAQs
What type of property is this?
Commercial land - 3.28 acre site suitable for mixed-use development in Avondale.
Where is this commercial land located?
The property is located at 3278 N Milwaukee Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: Prime 3.28‑acre development site suitable for a high‑density, mixed‑use project in the heart of Avondale.; Strong community support and previous alderman approval for zoning changes allowing 4‑5 story buildings.; Excellent accessibility and exposure with high traffic counts and proximity to I‑90/94, Belmont Blue Line, and Irving Park Metra station.
