2320 North Milwaukee AvenueChicago, IL 60647Sale Price: $2,050,000

  • Sale Price: $2,050,000
  • 20 Days Since Sale
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Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 9Square Feet
  • 1906Year Built

Listing Tools

Value-add mixed-use, 3-unit, 3-story building with ~3,100sf restaurant on first floor, ~3,000sf 2-bed 2-bath apartment on second floor, and ~3,000sf office on third floor. 2-minute walk to the California Blue Line and prominently situated on the exploding Milwaukee Ave corridor. Perfect opportunity for an owner/user or investor. The restaurant space will be available upon the sale of the building. An incidental liquor license is included in the price. Currently the rents are well below market. The restaurant currently uses the (large) basement for storage, however there is a great opportunity to utilize the space for commercial purposes. There is a fantastic opportunity to renovate and stabilize the building as it currently is, or get a zoning change and add multiple apartments on the second and third floors. The owners are open to lease offers for their restaurant space.

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Listed by Ryan Wewerka of Chicago Real Estate Resources

Listing Sold by NON MEMBER

Based on information submitted to MRED as of October 21, 2019 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.  MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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