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$1,325,000 Just Listed
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Property Description
Versatile mixed-use property featuring one retail store, five apartments, five art studios, and a three-car garage. This property presents a strong return on investment and growth potential, especially with longer term tenants. Updated Living Spaces: Each apartment includes forced air heating, wood floors, renovated kitchens and bathrooms. Building: Newer metal back porch - newer windows - skylights, Additional Amenities: The building offers a laundry service for tenants and an unfinished basement for storage or development. Located on Milwaukee Avenue, the property is close to popular restaurants and bars, enhancing its appeal to tenants. It also provides easy access to public transportation with the Blue Line train station and bus routes nearby.
Full Property Details
Full Property Details for 2912 N Milwaukee Ave
General
- Price: $1,325,000
- Taxes: $14,611 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12604432
- Updated: 4/17/2026
- Added to Site: 1 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: CHI - Avondale
- County: Cook
- Driving Directions: Milwaukee to Drake. Building is on the corner. Enter on the Drake side.
- Location Details: Chicago Northwest
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Utilities
- Trash: 800
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 7,000
- # of Stores: 1
- Year Built: 1903
- Built Before 1978: Yes
Unit Information
- # Tenants: 4
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 3,000
- Lot Dimensions: 30 x 100
- Zoning: MULTI
Financial Considerations
- Lease Price: $190
- Insurance Fee: $9,560
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1903
- Tax Amount: $14,611
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, All Utilities
- Pays Electric: 200
- Pays Trash: 800
Disclosures and Reports
- Property ID: 13262220430000
Listed by Baird & Warner
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Schools
Schools serving 2912 N Milwaukee Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Monroe Elementary School, Chicago, IL 3651 West Schubert Avenue, Chicago, IL 60647 | PK-8 | 0.3 mi |
Schurz High School 3601 North Milwaukee Avenue, Chicago, IL 60641 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2912 N Milwaukee Ave
Date
Details
Price
Change
Source
4/17/2026
Listed
$1,325,000
90.65%
MLS
1/03/2006
Sold
$695,000
—
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 2912 N Milwaukee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,611
3%
$69,002
—
2022
$14,241
2%
$69,002
—
2021
$13,921
47%
$69,002
63%
2020
$9,476
-4%
$42,382
-13%
2019
$9,823
2%
$48,715
—
2018
$9,623
-46%
$48,715
-11%
2017
$17,744
62%
$54,524
—
2016
$10,921
9%
$54,524
—
2015
$9,991
16%
$54,524
17%
2014
$8,624
2%
$46,483
—
2013
$8,454
1%
$46,483
—
2012
$8,341
—
$46,483
—
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 2912 N Milwaukee Ave
2912 N Milwaukee Avenue, Chicago, IL 60618 (MLS# 12604432) is a Commercial property. 2912 N Milwaukee Avenue is currently listed for $1,325,000 and was received on April 17, 2026. Want to learn more about 2912 N Milwaukee Avenue? Do you have questions about finding other Commercial real estate for sale in Avondale? You can browse all Avondale real estate or contact a Coldwell Banker agent to request more information.

