For Sale
$1,250,000

5844 Milwaukee AveChicago, IL 60646

Chicago Mixed-Use Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use building, located at 5844 N Milwaukee Ave in Chicago's Norwood Park neighborhood (zip code 60646), presents a compelling investment opportunity. Built in 1942, this two-story structure boasts approximately 11,000 square feet and is zoned B3-1, allowing for a wide variety of business uses. The main floor features a banquet hall complete with a bar and kitchen, ideal for events or restaurant operations. Upstairs, you'll find eight or more offices and a residential apartment suite, providing flexibility for owner-occupancy or multi-tenant income generation. The property includes two private, gated parking spaces. Its prime location along N Milwaukee Avenue offers excellent visibility and convenient access to O'Hare Airport, major interstates, train stations, and bus lines, ensuring high traffic and accessibility. The asking price is $1,250,000. This property is perfect for an owner-user seeking a combination of business space and residential accommodations, or for an investor looking for a single-tenant or multi-tenant income-producing asset. Cook County taxes apply.

Highlights

  • Mixed-use building, 11,000 SF, located at 5844 N Milwaukee Ave, Chicago, IL 60646.
  • Built in 1942.
  • Single-unit property.
  • Cook County taxes.

Property Details for 5844 Milwaukee Ave

Property type
Retail properties, Office properties
Square Feet
11,000 SF
Year Built
1942
Stories
2
Units
1

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9878205
Longitude
-87.7792159
5844 Milwaukee Ave, Chicago, Illinois

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5844 Milwaukee Ave
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