4254 North Milwaukee AvenueChicago, IL 60641Price: $499,000

  • Price: $499,000
  • 188 Days on Market
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Federal 30-year interest rate: 6.9% last updated on Feb 22, 2024
* 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.
  • 2,926Square Feet
  • 1917Year Built

Listing Tools

This mixed-use two-unit building on a highly trafficked section of Milwaukee Avenue is now available for the savvy investor. Totaling nearly 3,000 square feet, this all-brick building is unique and presents a great opportunity to build equity instantly and over time. The first floor housed a local dental practice for over a decade, and is built out with two half-baths, three exam rooms, a private office, a sterilization room, and laundry hook-up, as well as sole access to the full basement, which is almost entirely finished with a full bathroom, storage space, and room for office space, too. The second floor unit is a three bedroom, one bathroom residential apartment (rented through September 2024) with hardwood flooring, custom moldings, an updated kitchen with granite counters, and in-unit laundry. There is central air conditioning and gas forced heat servicing the basement and first floor. Servicing the second floor is radiator heat and two window air conditioners. Behind the building, you'll find a large gated parking lot that could comfortably fit 5 cars, with one space covered with a metal carport. Motivated seller will consider reasonable offers. This building will be sold in as-is condition to give the new buyer a chance to make updates as desired. Come see it today!

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Listed by Joe Gerber of Coldwell Banker Residential

Based on information submitted to MRED  as of February 25, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   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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