5701 N Milwaukee Ave, Chicago, IL 60646
Two storefronts in a prime location, suitable for multi-business use.
- Added:
- Nov 3, 2025
- Days on Market:
- 220
- Last Refresh:
- Jan 20 at 8:49 am
Property Features for 5701 N Milwaukee Ave
General Information
- Standard status
- Active
- Size
- 1,425 SF
Listing agent Regina Joshi License #475164128 (708) 965-9422
Listing office Prestige Realty Group (708) 965-9422
Listing date Nov 3, 2025
Source Exprealty
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 Prestige Realty Group
HighLights
- Incredible location
- Two large storefronts offer great potential.
- Multiple Pin numbers
- Corner unit (approx. 700 sq ft) formerly used as a law office.
- Former tavern unit (approx. 1425 sq ft)
- Entire building can be vacant for new owner.
Overview
Local Financial Insights For Office B
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 | $54.7k | $38.40 |
| − Vacancy | −$14.0k | −$9.79 |
| EGI | $40.8k | $28.61 |
| − OpEx | −$10.2k | −$7.15 |
| NOI | $30.6k | $21.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7763
- Latitude
- 41.9854
