For Sale
$2,950,000

4611 Milwaukee Ave Chicago, IL 60630

Prime Chicago land, 28,000 sq ft, mixed-use potential.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional development opportunity encompasses five contiguous city lots totaling over 28,000 square feet, strategically located in Chicago's Portage Park neighborhood at the corner of Milwaukee and Wilson Avenues, between Lawrence and Montrose. The property boasts a highly desirable B3-1 zoning designation, opening doors to a wide array of mixed-use development possibilities. Situated within the 45th Ward and benefiting from inclusion in the Jefferson Park Business District Tax Increment Financing (TIF) district, this site presents a compelling investment proposition. The location offers unparalleled accessibility, with convenient proximity to major expressways, I-90 and I-94. Milwaukee Avenue itself experiences robust daily traffic exceeding 16,000 vehicles, ensuring high visibility and accessibility for any future development. This is one of the last remaining vacant parcels available for development on Milwaukee Avenue, presenting a rare chance to capitalize on a thriving commercial corridor with a strong daytime and evening population. The property's APN numbers are: 13-16-208-021-0000

Highlights

  • Vacant corner lot available for development on Milwaukee Avenue in Portage Park.
  • Over 28,000 square feet, B3-1 zoning, Jefferson Park Business District TIF eligible.
  • Located in the 45th Ward, Alderman James Gardiner.
  • One of the last remaining vacant development parcels on Milwaukee Avenue.
  • Excellent access to I-90 and I-94.

Property Details for 4611 Milwaukee Ave

Property type
Land

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.964479
Longitude
-87.757408
4611 Milwaukee Ave, Chicago, Illinois

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FAQs

What type of property is this?
Land - Prime Chicago land, 28,000 sq ft, mixed-use potential.
Where is the land located?
The property is located at 4611 Milwaukee Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Vacant corner lot available for development on Milwaukee Avenue in Portage Park.; Over 28,000 square feet, B3-1 zoning, Jefferson Park Business District TIF eligible.; Located in the 45th Ward, Alderman James Gardiner.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Jim Tsevis
Jim Tsevis
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Milwaukee Ave
Chicago, IL 60630

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Milwaukee Ave
Chicago, IL 60630

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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4611 Milwaukee Ave
  • Jim Tsevis
    Jim Tsevis
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