4611 Milwaukee AveChicago, IL 60630

Property Details for 4611 Milwaukee Ave

Year built

1978

Lot size

0.11 AC

Property type

Commercial real estate

APN

13-16-208-044

APU

1316208044

Description

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

• Alternative Use

  Use

  Valuation

  Residential

  $1,708,959

  Hospitality

  $1,565,397

  Educational

  $1,302,392

  Medical

  $1,347,183

  Retail

  $2,025,943

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9646

Longitude

-87.7572

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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