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$ 1,450,000
Est. payment /mo
Active Under Contract
815 N MILWAUKEE AVE Chicago, IL 60622
2,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $580
MLS Listing ID 12634849
Year Built 1914
Annual Tax Amount $18,995
Tax Year 2024
Lot Dimensions 25X100
Property Sub-Type Mixed Use
Property Description
Ever dreamed of owning the loft from the movie BIG, but bigger and cooler?!?! Absolute unicorn of a property in River West right next to the Blue Line! Offered FULLY FURNISHED and zoned commercial. This stand alone property currently serves as a very profitable Airbnb with potential to serve as a stand-alone single family, live-work, long or short-term furnished rental, social media influencer content space, art gallery, professional/creative space and/or showroom, retail, ghost kitchen/food or drink establishment (subject to zoning and/or variance), private social club, corporate off/on-site for work or housing. The possibilities are absolutely endless! 3,208 interior/liveable square feet between the main level and loft space, plus a 2,522 SF full unfinished basement for storage needs or potential added finished square footage. Plus, a fully unfinished private rooftop with brand new roof. Brand new dual zoned HVAC system. One rental space is included in the attached parking lot next door for $300/month. Additional rental parking available. Cash or commercial financing. Perfect for an end-user of investor. Land is buildable for one retail space and three residential units. Current building is highest and best use. Great institutional hold as well for various uses.
Location
State IL
County Cook
Area Chi - West Town
Zoning OTHER
Interior
Cooling Central Air
Flooring Wood
Fireplaces Number 1
Fireplace Y
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by John Federici of Compass