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2889 N Milwaukee Avenue
Chicago IL 60618 US

$775,000

Active Listing ID 12476213
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Mixed Use

$775,000

Active Listing ID 12476213
Save

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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Mixed Use
  • Features
  • Cooling System: Central Air, Multi Units, Other (Cooling), Window Unit(s)

Property

  • propertytype: Commercial Sale
  • propertysubtype: Mixed Use
  • listprice: 775000
  • unparsedaddress: 2889 N Milwaukee Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60618
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 3371
  • livingareaunits: Square Feet
  • listagentfullname: Kieran Conlon
  • listagentemail: kieran.conlon@compass.com
  • listagentkey: 3yd-MREDIL-129168
  • listagentmlsid: 129168
  • listagentpreferredphone: 7734741755
  • listagentofficephone: 3123191168
  • listofficekey: 3yd-MREDIL-87291
  • listagentstatelicense: 475124332
  • listofficemlsid: 87291
  • disclaimer: 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.
  • sourcesystemid: MREDIL
  • yearbuilt: 1914
  • listingcontractdate: 2025-09-22
  • listagenturl: https://www.compass.com/
  • countyorparish: Cook
  • parcelnumber: 13262160690000
  • cooling: Central Air, Multi Units, Other (Cooling), Window Unit(s)
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"kieran.conlon@compass.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"60657", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3033 N Clark St", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"2350 N. Lincoln Ave", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"113108", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"60614", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Mixed Use - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12476213/?channel=rexren", "MLSModificationTimestamp":"2025-09-29T10:00:01Z", "Neighborhoods":[{"Description":null, "Name":"CHI - Avondale"}], "PostalCode":null, "RawPropertySubType":"Mixed Use", "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8826.95, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/29/2025 4:06:40 PM GMT
Source Updated Date: 12/5/2025 6:42:08 PM GMT

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.