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    4101-07 N Milwaukee Ave, Unit Chicago Chicago, IL 60641

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    For Sale
    $2,000,000

    Two buildings on Milwaukee Avenue, ideal for redevelopment.

    Property Features for 4101-07 N Milwaukee Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900

    Source: RE/MAX LOYALTY Agent GEORGE SIERRA

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

    Overview

    Prime Location Development Opportunity

    Located on Milwaukee Avenue, this offering includes two buildings at 4101 and 4107 N Milwaukee Avenue, totaling approximately 14,000 square feet. The properties are being sold as-is and may require renovation, but are ideally suited for demolition and redevelopment. 4101 N Milwaukee previously housed an auto alarm shop and features one overhead door, occupied by a tenant for 37 years. 4107 N Milwaukee is an open warehouse. This location is suitable for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -87.7495887
    Latitude
    41.9554333

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    FAQs

    What type of property is this?
    Commercial land - Two buildings on Milwaukee Avenue, ideal for redevelopment.
    Where is this commercial land located?
    The property is located at 4101-07 N Milwaukee Ave, Unit Chicago Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Prime location on Milwaukee Avenue.; - Large combined square footage (approximately 14,000 sq ft).; - Development opportunity (potential tear-down).
    (773) 772-6969
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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
    4101-07 N Milwaukee Ave, Unit Chicago Chicago, IL 60641
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