3002-3010 Milwaukee Ave Chicago, IL 60618
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.