Well-kept mixed-use property in the highly desirable East Wicker Park / West Town corridor. Situated on bustling Milwaukee Ave near Division, this B3-2 zoned building provides excellent opportunities for investors, developers, or owner-occupiers. The property features a spacious commercial area with soaring ceilings, four residential units above-also with high ceilings-and an extra garage unit. This combination creates multiple income streams and strong long-term growth potential. A proven rental history delivers immediate stability, with opportunities to increase returns through modest improvements. Its true appeal lies in its adaptability. Maintain it as a high-performing residential multi-unit, enhance the commercial footprint, or transform the entire property into something new. Possibilities include a signature restaurant with rooftop seating, boutique mixed-use development, creative office space, upscale rentals, or a one-of-a-kind live/work concept. Located just steps from the Blue Line and close to premier dining, shopping, and nightlife, with easy access to the expressway and downtown, this location adds significant value. A rare chance to acquire a versatile asset in one of Chicago’s fastest-growing and most sought-after neighborhoods-ready for your vision.
Property Details
Price:
$1,499,900
MLS #:
MRD12599833
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chiwesttown
Listed Date:
Mar 31, 2026
Total Sq Ft:
5,850
Year Built:
1900
See this Listing
Schools
Interior
Cooling
Window Unit(s)
Exterior
Construction Materials
Brick
Stories
3
Financial
Tax Year
2024
Taxes
$19,603
Map
Community
- Address1136 N Milwaukee Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60642
Market Summary
Current real estate data for Commercial in Chicago as of Jun 13, 2026
923
Commercial Listed
184
Avg DOM
$994,487
Avg List Price
Property Summary
- 1136 N Milwaukee Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60642. It is listed for $1,499,900
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Copyright 2026. All rights reserved.
1136 N Milwaukee Avenue
Chicago, IL


