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OFF-MARKET
Specialty properties

3002-3010 Milwaukee Ave Chicago, IL 60618

18,000 SF
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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