4350 Milwaukee Ave Chicago, IL 60641
- Retail properties
- 8,500 SF
Current Use by Public Records
- Fairyland Nursery School / Child Care Agency
- ParkChicago #317115 / Public Parking Space
Property Details for 4350 Milwaukee Ave
- Year built
- 1915
- Property size
- 8,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 8,500-square-foot storefront property, located at 4350 N Milwaukee Ave in Chicago's Portage Park neighborhood (zip code 60641), presents a compelling investment opportunity. The single-story building, constructed in 1915 and extensively renovated in 2022, sits on a 15,650-square-foot lot and boasts 125 feet of prime frontage along Milwaukee Avenue, ensuring high visibility and traffic. The property features five units, three of which are currently occupied by established businesses: a bookstore, a record store, and a plumbing contractor. Two vacant units, previously used as a daycare, are available in partial shell condition, offering redevelopment potential. Significant upgrades include new copper water lines, energy-efficient LED lighting, a new expansion tank for the hot water heater, and a recently replaced roof (2022) covering two-thirds of the building. Each unit is equipped with its own HVAC system and has access to a full basement and 20 rear parking spaces. The property is zoned B3-1, offering versatility for various commercial or office uses. This owner-user investment opportunity is situated in a rapidly growing area and offers significant potential for return. The Cook County Assessor's Parcel Number (APN) is 13-16-400-040-0000. The asking price is $769,000.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7542
- Latitude
- 41.9601
