


1136 N Milwaukee AvenueChicago, IL 60642
Commercial · 5,850 Sq. ft.1136 N Milwaukee Avenue Overview
- Time on Site:
- 90 days
- Visits:
- 0
Well-kept mixed-use property in the highly desirable East Wicker Park / West Town corridor. Situated on bustling Milwaukee Ave near Division, this B3-2 zoned building provides excellent opportunities for investors, developers, or owner-occupiers. The property features a spacious commercial area with soaring ceilings, four residential units above-also with high ceilings-and an extra garage unit. This combination creates multiple income streams and strong long-term growth potential. A proven rental history delivers immediate stability, with opportunities to increase returns through modest improvements. Its true appeal lies in its adaptability. Maintain it as a high-performing residential multi-unit, enhance the commercial footprint, or transform the entire property into something new. Possibilities include a signature restaurant with rooftop seating, boutique mixed-use development, creative office space, upscale rentals, or a one-of-a-kind live/work concept. Located just steps from the Blue Line and close to premier dining, shopping, and nightlife, with easy access to the expressway and downtown, this location adds significant value. A rare chance to acquire a versatile asset in one of Chicago's fastest-growing and most sought-after neighborhoods-ready for your vision.
1136 N Milwaukee Avenue Facts & Features
- Type Commercial
- Sq. ft. 5,850
- Price/Sq.ft. $239
Details
General
Income/Expenses
- Other Expense: 7800
- Electric Expense: 0
- Fuel Expense: 0
- Gross Income: 140000
- Gross Scheduled Income: 140000
- Insurance Expense: 4500
- Net Operating Income: 83450
- Operating Expense: 32050
- Trash Expense: 0
- Water Sewer Expense: 0
Building Information
- Year Built: 1900
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - West Town
- Township: West Chicago
Rent/Lease Information
- Tenant Pays: Electricity
Tax Information
- Tax Annual Amount: $19,603.24
- Tax Year: 2024
General Information
- Parcel Number: 17053010450000
- Possible Use: Commercial,Multi-Family,Single Family,Retail
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
Interior
Building Information
- Retail SqFt.: 2500
Building Interior
- Building Area Total: 5850
General Information
- Cooling: Window Unit(s)
- Electric: Other
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 25X123
- Lot Size Square Feet: 3082
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 5
1136 N Milwaukee Avenue Neighborhood
Community
60642 (CHICAGO) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1136 N Milwaukee Avenue Monthly Cost
1136 N Milwaukee Avenue Market Data
Based on the last 30 days in this zip code
1136 N Milwaukee Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: MRED | Active |
|
| 6/21/2026Source: MRED | $1,399,900 -6.7% |
|
| 6/21/2026Source: MRED | Price Change |
|
| 4/5/2026Source: MRED | Active |
|
| 3/31/2026Source: MRED | March 31, 2026 |


























