1138 Milwaukee Ave Chicago, IL 60642
This exceptional 1,250 square foot commercial condominium presents a rare investment opportunity in Chicago's desirable West Town neighborhood. Located at 1138 N Milwaukee Ave, this vacant, ground-floor storefront boasts a coveted C2-2 zoning designation, allowing for a diverse range of retail and office uses. Built in 2008, the property is in excellent condition and features a modern layout including a reception area, conference room, three private offices, and a washroom. The unit benefits from high ceilings (12 feet), robust mechanical, electrical, and plumbing systems (gas-forced air unit, electric water heater, 200-amp electrical service), and low real estate taxes. Its prime location on North Milwaukee Avenue ensures high visibility and excellent foot traffic, ideal for a retail business. Conveniently situated near the CTA Division Street Blue Line Station and served by #9 and #70 bus lines, this property offers unparalleled access to public transportation. The 1,250 square foot unit sits on a 3,081 square foot lot (APN: 17-05-301-064-1001). This owner-user opportunity is perfect for businesses seeking a vibrant, high-traffic location in a thriving area of Chicago. The property is a single unit commercial condo within a single building. Asking price is $325,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.