Retail Storefront with Upper
3383 North Milwaukee Avenue Chicago, IL 60641
For Sale
$649,900
Ground-floor storefront with large display windows and a private one-bedroom apartment above.
Property Size3,100 SF
Price / SF$209.65
Days on Market83
Property Features for 3383 North Milwaukee Avenue
General Information
- Standard status
- Active
- Size
- 3,100 SF
Building Details
- Year Built
- 1912
Listing Agency:
Smart Home Realty
(773) 603-3297
Listed By:
Gamaliel Marin · License #471022040
Source:
Compass
Added: May 2
Changed: Jul 23
Last Checked: Jul 23 at 4:24AM
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 Smart Home Realty
Investment Insights
Based on property information with market context.
This mixed-use property features a ground-floor commercial storefront with large display windows and a flexible interior layout. A private one-bedroom apartment sits above, with a full kitchen, a full bath, and a bright living space.
The property is located at 3383 N Milwaukee Ave in Chicago, IL 60641. The offering is presented as a combined live-and-work or rental setup, with the storefront providing a separate street-level commercial presence while the apartment provides independent residential space above.
For additional details such as available square footage, current rents, zoning information, and photo material, contact the listing agent to request the full package and schedule a showing.
The property is located at 3383 N Milwaukee Ave in Chicago, IL 60641. The offering is presented as a combined live-and-work or rental setup, with the storefront providing a separate street-level commercial presence while the apartment provides independent residential space above.
For additional details such as available square footage, current rents, zoning information, and photo material, contact the listing agent to request the full package and schedule a showing.
Key Highlights
- Mixed‑use property built in 1912 at 3383 N Milwaukee Ave
- Ground‑floor commercial storefront with large display windows and flexible layout
- Private one‑bedroom apartment above with full kitchen, bath, and bright living space
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.0k | $30.00 |
| − Vacancy | −$9.3k | −$3.00 |
| EGI | $83.7k | $27.00 |
| − OpEx | −$31.4k | −$10.13 |
| NOI | $52.3k | $16.88 |
3,100 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$950.2K
$831.4K – $1.11M
NOI $66,514 @ 7.0% cap · market cap 10.23%
Second Best
Mixed Use
$747.3K
$653.9K – $871.9K
NOI $52,313 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,315 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pino Viejo Rustic ...
Furniture & Home Goods
FAQs
What type of property is this?
Mixed-use property - Ground-floor storefront with large display windows and a private one-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 3383 North Milwaukee Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Mixed‑use property built in 1912 at 3383 N Milwaukee Ave; Ground‑floor commercial storefront with large display windows and flexible layout; Private one‑bedroom apartment above with full kitchen, bath, and bright living space
