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Property profile & analytics

4762 Milwaukee Ave Chicago, IL 60630-3629

  • Retail residential properties
  • 4,700 SF
  • 0.14 lot acres
OFF-MARKET
Last Sale
Sep 18, 2024
$650,000
Value Estimations
$635,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-1771191
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Lero / Store

Property Details for 4762 Milwaukee Ave

Year built
1914
Lot size
0.14 lot acres
Property size
4,700 SF
Property type
Retail residential properties
APN
13-16-105-019
APU
1316105019

Description

This exceptional 5,000-square-foot building, located at Milwaukee Avenue near Lawrence in the Jefferson Park/Gladstone Park submarket, presents a unique opportunity. Originally constructed in 1914, this two-story, Class B property boasts a rich history as a warehouse, boxing gym, and retail space. Currently, two divisible spaces of approximately 2,500 square feet each are available, or they can be combined for a total of 5,000 contiguous square feet. Each unit features 12-foot ceilings, a front office area, a rear warehouse space, and one bathroom. Free basement storage is included with each unit. The building's high visibility along Milwaukee Avenue offers excellent signage opportunities in a high-traffic area. Its B3-2 zoning allows for a wide range of uses, including restaurants, bars, breweries, gyms, coworking spaces, retail, offices, and more. The property includes two parking spaces, one for each unit, with ample street parking readily available. Conveniently located near the PACE Pulse Express bus stop, the Blue Line "L" train, and the Metra train (Jefferson Park station), this property benefits from excellent public transportation access. Easy access to I-90 and I-94 highways further enhances its accessibility. The lot size is 6,250 square feet, with a building floor area ratio (FAR) of 2.2.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $610,000
    ML approach
    $605,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $964,000
    Market price range: $170k - $965k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7604
Latitude
41.967
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$29,146
$15,625
$126,080
$141,705
-
$156,250
$1,260,800
$1,417,050
More about this property
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