5207-5209 Milwaukee Ave Chicago, IL 60630

Property Details for 5207-5209 Milwaukee Ave

Property size

3,200 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use building, located at 5207-5209 N Milwaukee Ave in Chicago's Jefferson Park neighborhood, presents a compelling investment opportunity. Priced at $459,000, this two-story, 3,200 square foot storefront offers significant potential for redevelopment. The property features two units, currently vacant and requiring substantial rehabilitation. The main level and basement each comprise approximately 3,200 square feet with high ceilings, providing ample space for a variety of commercial uses. The second level, while not 3,200 square feet, can be easily converted into two separate one-bedroom, one-bathroom apartments, adding to the property's income potential. The building's B3-1 zoning allows for a wide range of businesses and retail storefronts, making it ideal for mixed-use development. Its prime location on a heavily traveled Milwaukee Avenue/Foster Street corridor offers excellent visibility and accessibility. The property benefits from proximity to public transportation, expressways, O'Hare Airport, and major roadways, ensuring convenient access for both businesses and residents. While the building is currently a shell, its substantial size and strategic location make it an attractive prospect for investors seeking a high-return project in a thriving Chicago neighborhood. The property is currently vacant, allowing for immediate customization to suit the buyer's vision. This is a rare opportunity to acquire a large-scale property in a desirable location with significant upside potential.