Redevelopment Opportunity in Jefferson
For Sale
Contact for pricing
4774 N Milwaukee Ave, Chicago, IL 60630
Mixed-use redevelopment site with potential for luxury apartments.
Property Size4,500 SF
Lot Size0.23 Acres
Days on Market700
Property Features for 4774 N Milwaukee Ave
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
20
Lot size
0.23 Acres
Property subtype
Mixed Use, Multifamily, Retail
Zoning
B3-2
Investment Type
Redevelopment
Building Details
Year Renovated
2011
Buildings
1
Units
3
Listing Agency:
Troy Companies
Listed By:
Andrzej "Andrew" Olszowka · License #IL476.160900
(773) 447-4767
Source:
Crexi
Added: Oct 8, 2024
Changed: Sep 6
Last Checked: Sep 7 at 2:28AM
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 Troy Companies
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,693
Businesses Nearby
Explore this area
Business Placement
Demographics for 60630, IL
54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
