4801 Milwaukee Ave Chicago, IL 60630-2103
Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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