2889 N Milwaukee Ave - Retail FOR SALE


Chicago, IL 60618- Logan Square
$775,000 USD
773-671-7689
2889 N Milwaukee Ave, Chicago, IL for Sale
$775,000 USD
Retail - FOR SALE
1/14
null | 7.02% Cap Rate

NEW


2889 N Milwaukee Ave
Chicago, IL 60618
Logan Square


HIGHLIGHTS

  • Excellent location just north of Logan Square in booming Avondale
  • Steady income with the commercial space through October 2028 and potential to increase apartment rents
  • Solid investment with long term value

OVERVIEW

An excellent investment opportunity, this charming two-story mixed-use building is ideally positioned along Milwaukee Avenue, adjacent to Logan Square, in Chicago's rapidly developing Avondale neighborhood. Situated in a prime location, it boasts convenient access to the CTA Blue Line, buses, and I-90/94, surrounded by a dynamic mix of local and national businesses, including restaurants, cafes, and boutiques. This well-maintained property features a first-floor storefront (1,720 SF) leased to a catering company, ensuring a steady income stream with three years remaining on the lease. The 2nd floor is currently configured as two apartments: the front unit is a one bedroom, one bathroom on a month-to-month lease, and the rear apartment is a vacant two-bedroom, one-bathroom with an enclosed porch ready for a new tenant or updates to maximize rental income. A two-car garage provides additional income. Offering a excellent annual income, this property represents a solid investment opportunity. The retail lease secured through October 2028 ensures immediate, stable cash flow while supporting long-term value growth. Come be a part of this dynamic community and benefit from its continued development! Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,875 SF

ZONING

B2-2

APN/PARCEL ID

13-26-216-069-0000

ASK ABOUT THIS PROPERTY

Bill HynesCompassMore Info
773-671-7689

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Bill HynesCompassMore Info
773-671-7689

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.