Property profile

3002-3010 Milwaukee Ave Chicago, IL 60618

OFF-MARKET
Specialty properties
18,000 SF
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 3002-3010 N Milwaukee Avenue in Chicago's Avondale/Irving Park neighborhood, presents a compelling investment opportunity. The 18,000 square foot, two-story building sits on a 12,000 square foot lot and boasts five street-level commercial spaces, currently leased long-term, offering excellent visibility and consistent income. Upstairs, eight residential units provide additional revenue streams. The residential units comprise two 5-bedroom, 2-bathroom units; three 2-bedroom, 1-bathroom units; one 3-bedroom, 1-bathroom unit; one 1-bedroom, 1-bathroom unit; and one studio unit. Each unit features individual utilities and furnaces. This prime location offers easy access to Logan Square, Ukrainian Village, Roscoe Village, North Center, and Irving Park neighborhoods, along with convenient public transportation and expressways. The property benefits from its position in a high-traffic, mixed-use district, surrounded by shops, businesses, and a dense residential population. Parking is available via a nearby Parkway lot and metered street parking. The property is within walking distance of numerous retailers, entertainment options, and public transportation, and enjoys easy access to major roadways, downtown Chicago, O'Hare Airport, and the Kennedy Expressway. Showings are available on weekends, with a pre-approval letter required. The asking price is $1,890,000.

Property profile

Verified
Property type Specialty properties
Total area 18,000 SF

Cap rate & NOI

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

Location

3002-3010 Milwaukee Ave Chicago, IL 60618
Chicago metro
Google Maps

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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