Property profile

5960-62 Milwaukee Ave Chicago, IL 60646

OFF-MARKET
Office Spaces
12,800 SF
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Property summary

AI-generated overview

This exceptional Class A office building, located at 5960-62 N. Milwaukee Ave in Chicago, IL, offers 12,800 square feet of space across two buildings and two stories. The property features a high-end executive suite with a large bathroom including a steam shower, and a total of 18 parking spaces, including a 3-car garage and 4 spaces assigned to the second floor. The second floor boasts six private offices, open bullpen space, and the aforementioned executive bathroom with a double vanity. The building boasts 8-foot solid core wood doors throughout. Currently, a medical tenant occupies the first floor, generating $220,000 in annual rental income under a lease with seven years remaining. The B3-1 zoning allows for diverse tenant types. The property benefits from excellent visibility and high traffic counts on Milwaukee Avenue, providing a tremendous signage opportunity. Conveniently located near the 90/94 expressway, multiple 'L' stations, and Metra, this property also enjoys proximity to numerous national and local businesses, including Chase Bank, Walgreens, and various restaurants and shops. The asking price is $2,600,000. The lot size is 14,786 square feet.

Property profile

Verified
Property type Office Spaces
Total area 12,800 SF

Cap rate & NOI

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

Location

5960-62 Milwaukee Ave Chicago, IL 60646
Chicago metro
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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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