4780 North Milwaukee Avenue, Chicago, IL


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About 4780 North Milwaukee Avenue

This property is a fantastic investment opportunity for those seeking a value-add property in the highly sought-after Jefferson Park neighborhood. The building comprises three retail units with a total of approximately 4,500 square feet. The property is located in a prime location at the corner of Milwaukee Ave. & Lawrence Ave. with high foot and car traffic, next to the METRA & CTA Station, providing easy access to both highways I-90 & I-94. Currently vacant, the property can be converted to a single large retail space or a large office. The seller has drawings ready for the re-development of the property into a 19,114 square foot mixed-use multifamily building with 9 units, all 3 bedrooms plus 2 retail spaces. The property is also ready for build-to-suit construction for those seeking new construction options. The property offers a wide range of possible uses, including a medical office, liquor store, trophy store, real estate broker, lawyer or title company, bridal store, home supply store, barber, nail salon, massage therapist, bike repair and sale store, music equipment and service store, learning center, Starbucks-type coffee bar, shoe store, sport accessory specialty store, any type of franchising that needs exposure, and insurance finance advisory office. The property is suitable for both owner-user and investor. It has 12 parking spaces and a full basement, which provides ample storage space. The building's location and high traffic make it an ideal location for retail stores or offices. Investment highlights include the property's high traffic location, apartments, 14100 VPD, B3-2 zoning, 12 parking spaces, value-add potential, re-development opportunities, mix-use multifamily, retail store/office, and commercial property. Don't miss out on this incredible opportunity to own a prime commercial property in a highly desirable neighborhood. The purchase price for this property is $999,000, and the net operating income will depend on the chosen use and occupancy rate.

Features of 4780 North Milwaukee Avenue

MLS® # 11403609
Price $999,000
Bathrooms 0.00
Acres 0.00
Type Land
Sub-Type Land
Status Active

Community Information

Address 4780 North Milwaukee Avenue
Area CHI - Portage Park
City Chicago
County Cook
State IL
Zip Code 60630


Is Waterfront No
Has Pool No


Fireplace No
Has Basement No

School Information

District 299

Additional Information

Days on Market 506
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeArc Red Inc Arc Realty Group

Listing Map

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