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Corner Mixed-Use Building
For Sale
$650,000

4746-48 N Milwaukee Avenue, Chicago, IL 60630

Commercial suites occupy the ground level, with five residential apartments above and on-site tandem parking.

Property Size4,572 SF
Days on Market174

Property Features for 4746-48 N Milwaukee Avenue

General Information

Standard status Active
Size 4,572 SF
Total Parking Spaces 6
Property subtype Commercial

Units

Unit Mix 3 x studio, 1 x studio + den, 1 x 1BR
Multifamily Units 5
Office Units 2

Taxes and HOA fees

Annual Taxes $11,652

Building Details

Building Size 4,572 SF
Year Built 1966
Buildings 1
Stories 2
Units 7
Tenancy Multi
Listing Agency: Compass
Listed By: Matthew Mika · License #471001481
Source: Ozmentrealestate
Added: Feb 19 Changed: Aug 12 Last Checked: Aug 12 at 5:43AM

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 Compass

Investment Insights

Based on property information with market context.

Built in 1966, this corner mixed-use property combines two commercial units on the ground floor with five apartments upstairs. One commercial suite is occupied by a law office, while the second is configured with multiple private offices suitable for separate occupants or an office user requiring several work areas.

The residential component includes three studio apartments, one studio with a den, and one one-bedroom apartment. Current residential leases are month-to-month. Parking is provided in three tandem spaces accommodating six vehicles. The property is located at 4746-48 N Milwaukee Avenue in Chicago, Illinois.

Key Highlights

  • Five upstairs apartments: 3 studios, 1 studio + den, and 1 one‑bedroom
  • Two ground‑floor commercial units, including a law office and a multi‑office suite
  • Three tandem parking spaces provide a total of 6 parking spaces

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Gym & Fitness Center Hotel & Motel

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
Office units
5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,693
Businesses Nearby

Demographics for 60630, IL

54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial suites occupy the ground level, with five residential apartments above and on-site tandem parking.
Where is this mixed-use property located?
The property is located at 4746-48 N Milwaukee Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Five upstairs apartments: 3 studios, 1 studio + den, and 1 one‑bedroom; Two ground‑floor commercial units, including a law office and a multi‑office suite; Three tandem parking spaces provide a total of 6 parking spaces
More about this property
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