5844 N Milwaukee AVE Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60646
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 11,000 sqft
Price per Sqft $113
MLS Listing ID 12326788
Year Built 1942
Tax Year 2022
Lot Dimensions 0.138
Property Sub-Type Mixed Use
Property Description
This versatile 11,000 SF commercial building presents an incredible opportunity in a prime Chicago location. Currently operating as a tax-exempt nonprofit, the property offers a range of potential uses, including event hosting, office space, and residential accommodations. The main level features a spacious banquet hall with a full-service bar and commercial kitchen, making it ideal for weddings, events, or dining operations. Upstairs, there are eight private offices and a large apartment suite, perfect for owner-occupants or additional rental income. Two dedicated parking spaces are included for added convenience. Originally built in 1942, the property is zoned B3-1, allowing for a variety of business and investment opportunities, whether for an owner-user, single-tenant, or multi-tenant setup. The roof is approximately 20 years old, with repairs completed 4-5 years ago, and the furnace, hot water heaters, and electrical systems were updated around the same time. Located on bustling Milwaukee Avenue, this high-visibility property offers endless possibilities for investors and entrepreneurs looking to maximize its potential. Don't miss this exceptional opportunity-contact us today for more details or to schedule a showing!
Location
State IL
County Cook
Area Chi - Norwood Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick