4762 Milwaukee AveChicago, IL 60630

Property Details for 4762 Milwaukee Ave

Year built

1914

Lot size

0.14 AC

Property size (Sq ft)

4,700 SF

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

13-16-105-019

APU

1316105019

Description

This exceptional 5,000-square-foot building, located at Milwaukee Avenue near Lawrence in the Jefferson Park/Gladstone Park submarket, presents a unique opportunity. Originally constructed in 1914, this two-story, Class B property boasts a rich history as a warehouse, boxing gym, and retail space. Currently, two divisible spaces of approximately 2,500 square feet each are available, or they can be combined for a total of 5,000 contiguous square feet. Each unit features 12-foot ceilings, a front office area, a rear warehouse space, and one bathroom. Free basement storage is included with each unit. The building's high visibility along Milwaukee Avenue offers excellent signage opportunities in a high-traffic area. Its B3-2 zoning allows for a wide range of uses, including restaurants, bars, breweries, gyms, coworking spaces, retail, offices, and more. The property includes two parking spaces, one for each unit, with ample street parking readily available. Conveniently located near the PACE Pulse Express bus stop, the Blue Line "L" train, and the Metra train (Jefferson Park station), this property benefits from excellent public transportation access. Easy access to I-90 and I-94 highways further enhances its accessibility. The lot size is 6,250 square feet, with a building floor area ratio (FAR) of 2.2.

• CAP approach

  CAP return

  Valuation

  6%

  $1,754,324

  6.5%

  $1,619,376

  7%

  $1,503,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $948,871

  Geo Method

  $948,871

• Alternative Use

  Use

  Valuation

  Residential

  $1,619,376

  Hospitality

  $1,483,340

  Educational

  $1,234,121

  Medical

  $1,276,565

  Retail

  $1,919,744

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.967

Longitude

-87.7604

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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