4774 N Milwaukee Ave Chicago, IL 60630

Listing agency Troy Companies a***@homebybroker.com Show Phone

Listed by Andrzej "Andrew" Olszowka · License #IL476.160900

Source Crexi

Added: Oct 8, 2024 Updated: Jul 6 at 8:36AM Checked: Jul 21 at 8:54AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

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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.