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2889 N Milwaukee Ave
Chicago, IL 60618 Logan Square

$775,000 USD

Storefront Retail Residential For Sale • 3,000 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 3,371 SF
Lot Size 0.07 AC
Building Class C
Year Built 1914
Cap Rate 7.02 %
Tenancy Multiple
Zoning B2-2

75 Transit Score

96 Walk Score

                
                    Highlights
                
                                Excellent location just north of Logan Square in booming Avondale
                            
                                Steady income with the commercial space through October 2028 and potential to increase apartment rents
                            
                                Solid investment with long term value

Property Flyers

Flier 2889 Milwaukee plus plans

Floor plans

Financial Summary (Actual)

Net Operating Income: $54,386 USD (2024)

Cap Rate:	7.02 %
Total Expenses:	$20,338 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Healy Station (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	-	1.4 mi
Grayland Station (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra))	5 min	-	1.8 mi
Transit/Subway	Drive	Walk	Distance
Belmont Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	8 min	0.4 mi
Logan Square Station (Blue Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	10 min	0.5 mi
Airport	Drive	Walk	Distance
Chicago Midway International	26 min	-	13.2 mi
Chicago O'Hare International	43 min	-	15.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	Covered
Included in Rent:	Yes

Bill Hynes 773-671-7689 Compass

2889 N Milwaukee Ave Chicago, IL 60618 Logan Square