www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31828166
31828167

2821-2823 N. Milwaukee Avenue, Chicago, IL 60618

AT
IL 475.132043, IL
Baum Realty Group
OW
IL 475.198918
Baum Realty Group
Listed by Baum Realty Group
Unpriced
72 days on market
Updated 15 days ago

2821-2823 N Milwaukee Avenue

Details
APN 13-26-218-094-0000
Property Type Mixed Use
Square Footage 9,650
Tenancy Vacant
Class B
Year Built 1952
Stories 2
Acreage 0.140
Zoning B2-2
Investment Type Value Add

Mixed Use | 9,650 SqFt

Marketing description

Baum Realty Group, LLC has been exclusively retained to offer for sale 2821-23 N. Milwaukee Avenue, a two-story mixed-use building at the nexus of Chicago's Logan Square and Avondale neighborhoods. Located at the highly visible hard corner of the six-way Milwaukee / Diversey / Kimball intersection, the Property sits on approximately 6,100 SF of land fronting the public plaza known as Solidarity Triangle, highlighting the building's visibility and pedestrian access.

The building contains nearly 10,000 SF of interior space, with roughly 6,000 SF of ground floor retail, formerly occupied by the acclaimed bar, Crown Liquors, with a packaged goods license, tavern license and sidewalk cafe license available to be transferred to a new owner. The ground level also contains a ±2,000 SF annex space with exposed brick and 14+ foot ceilings, uniquely suited for various uses such as a brewery, coffee roastery or venue space. The second floor of the building totals nearly 4,000 SF and is configured with bright and open office conditions. The building also contains a billboard leased to Clear Channel that expires in 2028, generating additional income for a new owner.

The Property's B2-2 zoning provides optionality and flexibility in terms of future use possibilities, including upper floor residential. Its high-profile location in the city's 35th ward (Ald. Quezada) is easily accessible by public transit, with stops for three different bus lines on Milwaukee, Diversey and Kimball all located within a block of the building, and two CTA Blue Line 'L' Stations (Logan Square and Belmont) less than ½ mile away. I-90/94 is located roughly ½ mile due north of the property.

Investment highlights

  • Exceptionally located mixed-use building at the corner of the six-way Milwaukee / Diversey / Kimball intersection
  • Rare opportunity for an owner / user to plant a flag at this prominent and highly visible anchoring location at the nexus of Logan Square and Avondale
  • Blank slate opportunity for investors to pursue various repositioning strategies to create significant added value
  • In-place billboard lease at below market rate provides near term income with 2028 lease expiration offering further opportunity to add value
  • Adjacent B3-5 and B3-3 zoning designations across the street signal strong upzoning potential, offering a compelling path to increased density and value creation
  • Conveniently accessible via public transit and I-90/94

Listing Contacts

AT
IL 475.132043, IL
Baum Realty Group
OW
IL 475.198918
Baum Realty Group
Listed by Baum Realty Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
B2-2 MixedMixed UseNeighborhood Mixed Use District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 134 uses
View all 134 uses
Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591