Property profile

5844 Milwaukee Ave Chicago, IL 60646

OFF-MARKET
Retail properties & Spaces
11,000 SF Built 1942
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Property summary

AI-generated overview

This exceptional mixed-use building, located at 5844 N Milwaukee Ave in Chicago's Norwood Park neighborhood (zip code 60646), presents a compelling investment opportunity. Built in 1942, this two-story structure boasts approximately 11,000 square feet and is zoned B3-1, allowing for a wide variety of business uses. The main floor features a banquet hall complete with a bar and kitchen, ideal for events or restaurant operations. Upstairs, you'll find eight or more offices and a residential apartment suite, providing flexibility for owner-occupancy or multi-tenant income generation. The property includes two private, gated parking spaces. Its prime location along N Milwaukee Avenue offers excellent visibility and convenient access to O'Hare Airport, major interstates, train stations, and bus lines, ensuring high traffic and accessibility. The asking price is $1,250,000. This property is perfect for an owner-user seeking a combination of business space and residential accommodations, or for an investor looking for a single-tenant or multi-tenant income-producing asset. Cook County taxes apply.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1942
Total area 11,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sports School Sports Field & Court
  • Roofing Company General Contractor
  • Community Center
  • Theater & Performing Art Venue Music Venue
  • Interior Design Hardware & Home Improvement

Location

5844 Milwaukee Ave Chicago, IL 60646
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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