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    OFF-MARKET
    Retail properties & Spaces

    5844 Milwaukee Ave, Chicago, IL 60646

    11,000 SF Built 1942
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • A.A.C Eagles Soccer Club Sports School Sports Field & Court
    • Eagle Window Replacement Roofing Company General Contractor
    • Klub Ziemi Lubelskiej w Chicago Community Center
    • Paderewski Symphony Orchestra Theater & Performing Art Venue Music Venue
    • Mc Lennan NH Inc Interior Design Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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