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1421 - 27 N Milwaukee Ave
Chicago, IL 60622
  • Asking Price: $4,750,000
  • Cap Rate: Call for details
  • Property Type: Mixed-Use
  • Status: Under Contract
PROPERTY DETAILS:

Rare redevelopment opportunity in Bucktown / Wicker Park neighborhood . ±25,823 square feet of building area. B3-2 Zoning; Milwaukee Avenue Historic District. Historic tax credits available. No parking requirements. Flat roof above 1421 N. Milwaukee Avenue could be used creatively as outdoor spaces. Simplicity of layout allows redesign of current spaces. Possible signage to be placed on water tower. 1 block from Wicker Park and ½ mile from Chicago’s first elevated trail – “The 606” or “Bloomingdale Trail” . Redevelopment opportunities include combinations of multi-level retail, residential, loft office, etc. Damen (1/4 mile northwest) & Division (1/3 mile southeast Blue Line ‘L’ stations experience 2,000,000+ and 1,800,000+ passengers a year, respectively. Adjacent property at 1428 – 1430 N. Wood is being offered separately and can be purchased as a portfolio.