815 N MILWAUKEE Avenue Chicago, IL 60622
COMMERCIAL - Chicago, IL
Property Features for 815 N MILWAUKEE Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Fireplace
- 1
- Standard status
- Active
- APN
- 17054160090000
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 18995
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1914
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Wood
- Building materials
- Brick
Listing agent John Federici
Listing office Compass 1643 N Milwaukee Ave, IL (773) 466-7150
Listing date Jul 13, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The attached parking lot next door includes one rental space for $300 per month, and additional rental parking is available. The land is described as buildable for one retail space and three residential units, and the current building is described as having the highest and best use. The listing notes the property currently serves as a short-term rental, with other potential uses subject to zoning and/or variance.
Key Highlights
- Loft‑style property built in 1914 with brick construction and wood flooring
- 3,208 SF interior/liveable space plus a 2,522 SF full unfinished basement
- Fully unfinished private rooftop with a brand new roof
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 | $123.2k | $38.40 |
| − Vacancy | −$31.4k | −$9.79 |
| EGI | $91.8k | $28.61 |
| − OpEx | −$22.9k | −$7.15 |
| NOI | $68.8k | $21.46 |
