Courtesy of: Kieran Conlon, Compass, kieran.conlon@compass.com
Courtesy of: Kieran Conlon, Compass, kieran.conlon@compass.com
$775,000
|
Mixed Use
|
$775,000
2889 N Milwaukee Avenue 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.
Courtesy of: Kieran Conlon, Compass, kieran.conlon@compass.com
Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.