5209 Milwaukee Ave Chicago, IL 60630

This exceptional mixed-use building at 5209 N Milwaukee Avenue in Chicago's Jefferson Park neighborhood presents a compelling investment opportunity. Situated on a 3,933 square foot lot, this two-story structure offers significant potential for redevelopment. The main level and basement each encompass approximately 3,200 square feet, featuring high ceilings. Currently, the building is a shell, requiring complete rehabilitation. The second floor contains a single apartment, which could be easily converted into two one-bedroom, one-bathroom units. The property benefits from its location on a heavily trafficked business corridor at the intersection of Milwaukee Avenue and Foster Street, providing excellent visibility and accessibility. Convenient access to public transportation and expressways, including the Kennedy Expressway and O'Hare Airport, further enhances its appeal. The existing rooftop board lease expires in April 2024, and the current monthly rent is $734. The B3-1 zoning allows for a variety of business and retail uses, making this an ideal canvas for mixed-use development. This property offers a unique chance to capitalize on the vibrant Jefferson Park market and create a thriving commercial and residential space. The asking price is $429,900.