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$299,000
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Property Description
2950 SF second generation restaurant, located on Milwaukee, just South of the North/Damen/Milwaukee Intersection. Surrounded by dense residential buildings, heavy traffic and ideal for a new restaurant tenant. Front space features a recently renovated build out, large garage style windows, customer seating (30 tables/60 seats), bar counter (8 seats) and multiple bathrooms. Existing kitchen includes a 17ft hood with black iron, ansil system, three compartment sink, grease trap, mop sink, and large prep area in the rear. Built in audio in the dining area; No basement; Security system throughout; 200 AMP electrical; Licenses include Incidental Liquor and Retail Food; 0.1 Miles to the Damen Blue Line Train Station, plus easy access to the Expressway, Divvy Stations and multiple bus stops. Area tenants include: The Roby, Subterranean, Barnes & Noble, Warby Parker, Piece Pizzeria and Brewery, Big Star Taco, Levi's Store, Abercrombie & Fitch, Insomnia Cookies and much more!
Full Property Details
Full Property Details for 1559 N Milwaukee Ave
General
- Price: $299,000
- Taxes: (2023)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12535297
- Updated: 12/25/2025
- Added to Site: 30 day(s) ago
Business
- Business Type: Restaurant
- Years in Business: 4 to 6 Yea
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: STARTING AT MILWAUKEE/DAMEN/NORTH AVE, HEAD SOUTH ON MILWAUKEE TO 1559
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Stories/Levels: 1
- Square Feet: 2,950
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Year: 2023
Disclosures and Reports
- Property ID: 17062000040000
Listed by @properties Commercial
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Schools
Schools serving 1559 N Milwaukee Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burr Elementary School, Chicago, IL 1621 West Wabansia Avenue, Chicago, IL 60622 | PK-8 | 0.4 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1559 N Milwaukee Ave
Date
Details
Price
Change
Source
12/19/2025
Listed
$299,000
-38.98%
MLS
1/02/2004
Sold
$490,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1559 N Milwaukee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$20,901
3%
$96,080
—
2022
$20,318
2%
$96,080
—
2021
$19,860
-9%
$96,080
1%
2020
$21,840
11%
$95,095
—
2019
$19,699
2%
$95,095
—
2018
$19,377
17%
$95,095
27%
2017
$16,597
7%
$74,614
—
2016
$15,503
9%
$74,614
—
2015
$14,212
-1%
$74,614
—
2014
$14,415
2%
$74,614
—
2013
$14,174
1%
$74,614
—
2012
$14,026
—
$74,614
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1559 N Milwaukee Ave
1559 N Milwaukee Avenue, Chicago, IL 60622 (MLS# 12535297) is a Business property. 1559 N Milwaukee Avenue is currently listed for $299,000 and was received on December 19, 2025. Want to learn more about 1559 N Milwaukee Avenue? Do you have questions about finding other Business real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.

