5844 Milwaukee Ave Chicago, IL 60646
- Retail properties
- 11,000 SF
Current Use by Public Records
- A.A.C Eagles Soccer Club / Soccer Club
- Eagle Window Replacement / Roofing Contractor
- Klub Ziemi Lubelskiej w Chicago / Social Club
- Paderewski Symphony Orchestra / Orchestra / Music School
- Mc Lennan NH Inc / Interior Construction Contractor
Property Details for 5844 Milwaukee Ave
- Year built
- 1942
- Property size
- 11,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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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
- -87.7792
- Latitude
- 41.9878
