4774 N Milwaukee Ave Chicago, IL 60630
Mixed-use redevelopment site with potential for luxury apartments.
Type:Mixed Use, Multifamily, Retail
Property size:
4,500 SFLot size:
0.23 Acres- Added:
- Oct 8, 2024
- Days on Market:
- 555
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 4774 N Milwaukee Ave
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.23 Acres
- Property subtype
- Mixed Use, Multifamily, Retail
Listing agent Andrzej "Andrew" Olszowka License #IL476.160900
Listing office Troy Companies
Listing date Oct 8, 2024
Source Crexi
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 Troy Companies
Overview
Redevelopment Opportunity in Jefferson Park
This mixed-use investment represents a redevelopment opportunity in Chicago's Jefferson Park neighborhood. The property features a 4,500 SF retail building situated on a 10,000 SF lot. Located on a high-visibility corner near Milwaukee Ave & Lawrence Ave, the site offers the potential to add three stories to the existing structure. Plans allow for the creation of nine spacious 3-bedroom, 2-bath luxury apartments with elevator access, private balconies, secured parking, and a full basement for storage or additional amenities. The building, located next to the historic Hoyne Savings Bank (est. 1954), maintains solid structural integrity, potentially eliminating the need for demolition and offering a cost-effective redevelopment strategy. This transit-oriented location capitalizes on the demand for high-end apartments.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7607044
- Latitude
- 41.9673392
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use redevelopment site with potential for luxury apartments.
Where is this mixed-use property located?
The property is located at 4774 N Milwaukee Ave Chicago, IL.
What are key features of this property?
This property features: Prime redevelopment opportunity in Chicago's Jefferson Park, a transit‑oriented location.; Add three stories to create nine spacious 3‑bedroom, 2‑bath luxury apartments.; Existing 4,500 SF retail building with solid structural integrity, eliminating demolition costs.
