2889 N Milwaukee Avenue, Chicago, IL 60618

• 3,371 sqft

Property Description

Named one of the coolest neighborhoods in the world by Timeout! 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.

Listing Status:

Active

Listing Office:

Compass : 773-474-1755

Listing Agent:

Kieran Conlon : 773-474-1755

MLS ID:

12476213

Interior

• A/C: Central AirPartialWindow Unit(s)

Location

• Originating MLS: mred
• County: Cook

Lot

• Zoning: COMMR13262160690000

Utilities

• Utilities: Circuit Breakers

Financial

• Source: mred

This listing courtesy of Kieran Conlon, Compass