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32004013
32004042

3596 N MILWAUKEE AVE, CHICAGO, IL 60641-3959

KR
IL475.128895
@properties Commercial Chicago
Listed by @properties Commercial Chicago
$1,250,000
39 days on market
Updated 39 days ago

3596 N Milwaukee Avenue

Details
APN 13224010010000
Property Type Retail, Office (+1)
Sub Type Storefront, Traditional Office (+1)
Square Footage 4,555
Units 2
Cap Rate 6.20%
NOI $78,148
Occupancy 100%
Tenancy Multi
Year Built 1928
Stories 1
Lot Size (SqFt) 8,159
Parking Spaces 2 spaces
Parking Per SqFt 0.44
Investment Type Value Add
Ground Lease No

100% Lease plus Billboard

Marketing description

Positioned along one of Chicago's most recognizable commercial corridors, 3596 N Milwaukee Avenue presents a rare opportunity to acquire a freestandingretail/office asset in the heart of Old Irving Park. This highly visible corner location benefits from frontage on both Milwaukee Avenue and Addison Street, deliveringexceptional exposure and accessibility for a wide range of uses. The property offers approximately 4,555 SF on an 8,200 SF lot, complemented by a large rear land site idealfor parking, outdoor activation, or future expansion. Investors and owner-users alike will appreciate the income-producing billboard component and flexible zoning that supports retail, restaurant, office, fitness, or light industrial concepts. Strategically located across from Carl Schurz High School and just a short walk to the Grayland Metra, the asset is surrounded by dense residential population and established neighborhood retail. Immediate proximity to I-90/94 further enhances regional connectivity. Traffic counts exceed approximately 25,050 vehicles per day, providing unmatched daily exposure and consistent consumer flow. This is a true value-add or turnkey opportunity in acorridor known for strong retail fundamentals, long-term appreciation, and dynamic neighborhood growth.

Investment highlights

  1. High-Visibility Corner Location – Positioned on Milwaukee Ave with strong frontage and signalized intersection exposure, ideal for retail or service-oriented users.
  2. Strong Daily Traffic Counts – Located along a corridor with significant vehicle flow; Chicago ADT data reflects high-volume corridors designed to maximize visibility and consumer impressions.
  3. Flexible Building & Lot Size – Approx. 4,500+ SF building on a generous lot, allowing for multiple uses including retail, office, or redevelopment potential.
  4. Transit-Oriented Accessibility – Close proximity to Metra (Grayland Station) and major expressways (I-90/94), driving both commuter and neighborhood traffic.
  5. Value-Add & Income Potential – Opportunity for owner-users or investors with upside through repositioning, leasing, or ancillary income streams.

Listing Contacts

KR
IL475.128895
@properties Commercial Chicago
Listed by @properties Commercial Chicago

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$78,148.00
$6,512.33/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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