4762 Milwaukee Ave Chicago, IL 60630-3629
- Retail residential properties
- 4,700 SF
- 0.14 lot acres
Sep 18, 2024
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
-
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
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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