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4801 Milwaukee Ave Chicago, IL 60630-2103

OFF-MARKET Retail space Google Maps
1,500 SF 0.07 ac lot Built 1928
Individually Owned Free & Clear
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID US28-0402796

Property summary

AI-generated overview

This exceptional commercial property, located at 4801 N Milwaukee Avenue in Chicago, Illinois, presents a unique investment opportunity. The single-story building, constructed in 1970, boasts a total of 2,000 square feet on a 3,150 square foot lot. Currently vacant, this retail space is ideally suited for a restaurant, having previously served as one for many years. Significant existing restaurant infrastructure remains, including a rough-in kitchen, freezer, and hood system, reducing initial build-out costs. The building's corner location at the intersection of Milwaukee and Lawrence Avenues ensures high visibility and accessibility, benefiting from substantial traffic flow in a bustling commercial corridor. Surrounding businesses include Walgreens and banks, indicating a strong retail presence in the area. The property's proximity to major transportation arteries is a significant advantage, with easy access to I-90-94, public transportation, and a nearby train station. Its convenient location also places it within reach of several thriving Chicago neighborhoods, including Norwood, Forest Glen, Portage Park, and Harwood Heights. The asking price for this property is $289,000. This presents a compelling opportunity to establish a thriving business in a high-traffic, well-established commercial area. The property is zoned for commercial use.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1928
Total area 1,500 SF
Lot 0.07 ac (3,163 SF)
APN 13-09-331-005
UPID US28-0402796

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2025
3 recorded transactions
2025
$95,000
2025
Price N/A
2001
$100,000

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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