Date
Details
Price
Change
Source
4/23/2025
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$750,000
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1/22
Property Description
Huge duplex down commercial condo in the heart of River West bordering the exploding West Loop, West Town, and Fulton Market neighborhoods! This beautifully rehabbed unit was updated in 2021 and boasts 2 floors, a well thought out floor plan, and beautiful finishes. The open concept first floor has hardwood floors, dramatic ceiling height, tons of natural light, a snack station, extra storage areas, and a bathroom. The lower level layout was expertly designed with a gathering area, a gorgeous glass enclosed conference room and office, kitchen, bathroom, and hidden server room. Floor to ceiling windows on the first floor allow tons of light to both levels through the large atrium. There's space for 3 parking spots in the rear of the building. The property is located in a highly dense residential and commercial area with strong vehicular traffic counts. Area tenants include My Chicago Golf, Orange Theory, CVS, Dunkin' Donuts, Urban Market, Matchbox, Starbucks, Erie Street Auto Body, and many more. You're only 2 blocks to the Blue Line L stop and access to Kennedy Expressway. This is the perfect space to showcase your business!
Full Property Details
Full Property Details for 705 N Milwaukee Ave
General
- Price: $750,000
- Taxes: $22,866 (2023)
- Status: Active
- Type: Office
- Source: MRED
- MLS ID: 12346388
- Updated: 9/6/2025
- Added to Site: 269 day(s) ago
Interior
- Interior Features: Atrium, Common Meeting Room(s), Passenger Elevator(s), Private Restroom(s), Basement, Pre-Wired PC Network
- Flooring: Wood, Other
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: Milwaukee Ave. between Ogden and Grand
- Location Details: Chicago West, Mixed-Use Area, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Foundation: Brick/Mortar
- Sub-Flooring: Wood, Other
- Stories/Levels: 2
- Square Feet: 8,300
- Current Bldg. Use: Commercial
- Year Built: 1950
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 2,847
- Lot Dimensions: 25 x 110 x 26 x 118
- Frontage: City Street
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1950
- Tax Amount: $22,866.6
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Tax Stops, Sewer, Other
Disclosures and Reports
- Property ID: 17082200631001
Listed by Compass
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— 705 N Milwaukee Ave —
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NMLS#: 1598647
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Schools
Schools serving 705 N Milwaukee Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ogden Elementary School 24 West Walton Street, Chicago, IL 60610 | K-8 | 1.3 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 705 N Milwaukee Ave
Tax History
Tax History for 705 N Milwaukee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,606
-4%
$25,434
-7%
2022
$5,858
17%
$27,351
—
2021
$5,028
16%
$27,351
26%
2020
$4,337
1%
$21,669
-9%
2019
$4,304
2%
$23,863
—
2018
$4,237
-1%
$23,863
8%
2017
$4,261
3%
$22,159
—
2016
$4,152
9%
$22,159
—
2015
$3,802
5%
$22,159
6%
2014
$3,628
2%
$20,927
—
2013
$3,557
2%
$20,927
—
2012
$3,481
—
$20,927
—
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 705 N Milwaukee Ave
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- Single Family
- Active
- Updated 2 hours ago
- 5Beds
- 3Total Baths
- 1,738Sq. Ft.
- Condo / Townhouse
- Active
- Updated 3 days ago
- 2Beds
- 1Total Bath
- 1,100Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 1,381Sq. Ft.
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705 N Milwaukee Avenue, Chicago, IL 60642 (MLS# 12346388) is a Office property. 705 N Milwaukee Avenue is currently listed for $750,000 and was received on April 23, 2025. Want to learn more about 705 N Milwaukee Avenue? Do you have questions about finding other Office 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.