1072 N Milwaukee Ave., Chicago, IL 60642

1072 N Milwaukee Ave., Chicago, IL 60642
Photo 1 of 2
$1,600,000
Beds Baths Sq. Ft. Taxes Built
0 $6,677
On the market: 3 days

Est. Monthly Payment:

$10,136($9,580 + $556 taxes*)

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Prime redevelopment opportunity at 1072 N Milwaukee Avenue in Chicago's vibrant Milwaukee Avenue corridor. The property features a 5,227-square-foot lot zoned C1-3, offering exceptional potential for a mixed-use residential and commercial development. With a 3.0 Floor Area Ratio (FAR), the site provides approximately 15,682 square feet of allowable floor area and a projected development capacity of 14 residential units. C1-3 zoning permits a variety of commercial uses, including ground-floor retail with residential apartments above, creating an attractive opportunity for developers and investors. No ARO requirement. Ideally positioned along a highly desirable urban corridor, this property presents an opportunity to capitalize on strong neighborhood demand and continued investment in the surrounding area. All zoning, density, permitted uses, and development potential are subject to independent verification with the City of Chicago.
Listing courtesy of James Sheehan, Meridian Real Estate Chicago LLC