2836 N Milwaukee Avenue
Chicago, IL 60618

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Description

Don't miss this exceptional opportunity to own a versatile three-unit mixed-use building in the heart of thriving Logan Square, ideally located along a stretch of Milwaukee Avenue recently enhanced by a $30 million streetscape redevelopment. The property features a flexible ground-floor commercial space, perfect for a salon, cafe, restaurant, boutique, office, or any business you envision in this booming neighborhood, along with two well-appointed apartments above, each offering two bedrooms and one bathroom. A private back courtyard and two-car garage add rare convenience and appeal in this highly desirable location. Fully leased with adaptable tenant agreements, the building offers the option to operate your own business on the first floor while enjoying steady rental income from the residential units above. With a 3,700-square-foot lot, prime commercial and residential potential, and high demand in one of Chicago's most sought-after areas, 2836 N Milwaukee Avenue is a must-see investment.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60618
• Year Built: 1906
• Sq.Ft.: 3,030 sq ft
• Stories: 2
• Units: 3 units
• # Of Apts: 2
• # Of Dryers: 1
• # Of Ranges: 2
• # Of Refrigs: 2
• # Of Stores: 1
• # Of Tenants: 3
• # Of Washers: 1
• Approximate Age: Older
• Building Area Total: 3030
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7
• Construction Materials: Wood, Vinyl Siding
• Cooling: Central Air, Zoned
• Directions: NORTH OF DIVERSEY ON MILWUAKEE
• Expense Year: 2024
• Fire Protection: Other, Carbon Monoxide Detector(s)
• Flooring: Varies
• Foundation Details: Concrete Perimeter
• Geographic Locale: Chicago Northwest
• Gross Income: 56900
• Gross Rent Multiplier: 11
• Gross Scheduled Income: 56900
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air
• Indoor Parking: 1-5 Spaces
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 4260
• Known Encumbrances: None Known
• Location: Central Business District, Mixed Use Area, Public Transport Avail, In City Limits
• Lot Size Square Feet: 3700
• Main Type: Commercial Sale
• Misc Inside: Accessible Entrance, Accessible Washroom/s, Private Restroom/s, Storage Inside, Basement, Laundry Room
• Misc Outside: Balcony/ies, Courtyard, Accessible Entrance, Handicapped Design, Patio
• Operating Expense: 15386
• Other Expense: 700
• Other Expense Source: Owner Projection
• Outdoor Parking: None On Site, Parking-Street
• Ownership Type: Individual
• Roof: Varies, Other
• Roof Structure: Pitched
• Tax Annual Amount: 9105
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 4741
• Township: Jefferson
• Utilities: Electric to Site, Natural Gas Available
• Water Source: Community Water