1330 Milwaukee AveChicago, IL 60622

Property Details for 1330 Milwaukee Ave

Year built

1883

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

7,425 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

17-06-231-002

APU

1706231002

Description

This exceptional 2,200 square foot, second-generation fitness space is ideally situated at 1330 N. Milwaukee Avenue in Chicago's vibrant Wicker Park neighborhood. Located in a three-story building constructed in 1880 and renovated in 2019, this single-tenant retail space offers a compelling opportunity for a fitness-focused business. The open layout features 12-foot high ceilings, polished concrete floors, and track lighting, creating a modern and inviting atmosphere. Two ADA-compliant bathrooms and a utility room with washer/dryer hookups cater to tenant and client needs. A full basement provides ample storage or potential for expansion. The space is equipped for sound and camera systems, and benefits from central heating and air conditioning, along with robust 400-amp, three-phase electrical service. Its convenient location near public transportation and metered parking ensures high visibility and accessibility. The B3-3 zoning designation allows for a variety of uses. The total building size is 7,425 square feet. The property is located near the intersection of Milwaukee and Paulina Avenues, in a bustling area known for its thriving retail and entertainment scene. This space presents a turnkey solution for a fitness business seeking a prime location in a highly desirable Chicago neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,958,868

  6.5%

  $2,731,262

  7%

  $2,536,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,499,015

  Geo Method

  $1,499,015

• Alternative Use

  Use

  Valuation

  Residential

  $2,731,262

  Hospitality

  $2,501,822

  Educational

  $2,081,486

  Medical

  $2,153,072

  Retail

  $3,237,867

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9057

Longitude

-87.6706

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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