Redevelopment Opportunity Milwaukee Ave & Lawrence Ave
Mixed Use | 4,500 SqFt
Marketing description
FOR SALE OR BUILD-TO-SUIT OPPORTUNITY
Prime Development Site | 4780 N Milwaukee Ave, Chicago, IL 60630
Land Size: 10,000 SF
Unlock the potential of this well-positioned redevelopment opportunity in the heart of Chicago's Jefferson Park! This mixed-use investment offers the ability to transform a solidly built 4,500 SF retail building into a modern luxury residential and commercial hub—capitalizing on the thriving demand for high-end apartments in a transit-oriented location.
Situated on a high-visibility corner near Milwaukee Ave & Lawrence Ave, this property allows for an additional three stories to be added, creating nine (9) spacious 3-bedroom, 2-bath luxury apartments with:
✔ Elevator Access
✔ Private Balconies
✔ Secured Parking
✔ Full Basement for Storage or Additional Amenities
Backed by strong infrastructure and located next to the historic Hoyne Savings Bank (est. 1954), the building maintains solid structural integrity—eliminating the need for demolition while offering a cost-effective redevelopment strategy.
Investment highlights
Investment Highlights | Why Invest Now?
🔹 Location, Location, Location – Just a 5-minute walk to Jefferson Park CTA Blue Line & Metra, connecting directly to Downtown Chicago and O'Hare International Airport in 14 minutes.
🔹 Up & Coming Neighborhood – Jefferson Park is experiencing rapid growth, with increasing demand for high-quality residences, driven by Chicago’s expanding workforce and transit-oriented lifestyle preferences.
🔹 Strong Value-Add Potential – B3-2 zoning allows for mixed-use development, catering to both residential tenants and commercial investors looking for high foot traffic.
🔹 Excellent Connectivity – Easy access to I-90 Kennedy Expressway, Milwaukee Ave, Lawrence Ave, Foster Ave, and Central Ave, ensuring a seamless commute.
🔹 High ROI & Multiple Exit Strategies – Whether you're an investor, developer, or long-term holder, this property provides flexibility for condo sales, rental apartments, retail leasing, or a hybrid mixed-use concept.
With land prices rising and high demand for quality housing near transit hubs, NOW is the time to seize this unique opportunity before the next market upcycle.
💰 Inquire today to discuss development potential, financials, and strategic investment opportunities!
Contact:
📞 Andrew Olszowka – Commercial Real Estate Advisor
📧 andrewolszowka@gmail.com
🌐 AndrewOlszowka.com
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
