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    2839 N Milwaukee Ave, Unit B1 Chicago, IL 60618
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    Property profile & analytics

    2839 N Milwaukee Ave, Unit B1, Chicago, IL 60618

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    • Retail space
    • 6,300 SF
    • 0.14 lot acres
    Logan Square Basement Space Available For Lease
    $15 SF/Yr
    3,500 SF

    Logan Square Basement Space Available

    3,500 SF basement space for lease in Logan Square.

    2839 N Milwaukee Avenue #B1, Chicago, IL 60618
    View Listing
    Property ID
    US28-0786703
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $880,000
    Cap Rate Potential
    9.6%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Runway Studios Salon Suites / Hair Salon / Nail Salon

    Property Details for 2839 N Milwaukee Ave

    Year built
    1910
    Lot size
    0.14 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    13-26-218-087
    APU
    1326218087

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 25, 2022 $860,000 Kedzie Property Group LLC Allimar LLC Warranty Deed —
    Apr 10, 2019 — Allimar LLC Flack,monyca Quit Claim Deed · related —
    Feb 7, 2019 — Monyca Flack Price,sol & Harriet Warranty Deed · related —

    Description

    This exceptional retail property, located at 2839 N Milwaukee Avenue in Chicago's vibrant Logan Square neighborhood (zip code 60618), offers 21 individual salon suites for lease. The entire 1,958 square foot building is currently vacant, presenting a unique opportunity for a diverse range of businesses. Each suite offers flexibility, with sizes ranging from a minimum of 69 square feet to a maximum contiguous space of 123 square feet. This allows for businesses of various scales to find a suitable fit. The property is zoned B2-2, providing ample possibilities for commercial uses within the zoning regulations. Situated in Cook County, Illinois, this location benefits from high visibility and foot traffic in a bustling commercial area. The property's layout is ideal for independent entrepreneurs or a cohesive group of complementary businesses seeking a shared space. The building's total square footage is 1,958 square feet, with each suite individually metered for utilities (details available upon request). This prime location offers excellent potential for growth and success in a thriving Chicago neighborhood. Interested parties should inquire for lease terms and conditions. The property is ready for immediate occupancy.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $920,000
      ML approach
      $885,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,116,000
      Market price range: $655k - $1.55M
      AI Estimate
      $593,000
      Market price range: $208k - $830k
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $980,000
      Current use
      OFFICE BUILDING
      $850,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7132
    Latitude
    41.933
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $34,174
    $27,927
    $137,657
    $165,584
    -
    $111,708
    $550,628
    $662,336
    View Listing
    More about this property
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