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$1,450,000
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Property Description
Ever dreamed of owning the loft from the movie BIG, but bigger and cooler?!?! Absolute unicorn of a property in River West right next to the Blue Line! Offered FULLY FURNISHED and zoned commercial. This stand alone property currently serves as a very profitable Airbnb with potential to serve as a stand-alone single family, live-work, long or short-term furnished rental, social media influencer content space, art gallery, professional/creative space and/or showroom, retail, ghost kitchen/food or drink establishment (subject to zoning and/or variance), private social club, corporate off/on-site for work or housing. The possibilities are absolutely endless! 3,208 interior/liveable square feet between the main level and loft space, plus a 2,522 SF full unfinished basement for storage needs or potential added finished square footage. Plus, a fully unfinished private rooftop with brand new roof. Brand new dual zoned HVAC system. One rental space is included in the attached parking lot next door for $300/month. Additional rental parking available. Cash or commercial financing. Perfect for an end-user of investor. Land is buildable for one retail space and three residential units. Current building is highest and best use. Great institutional hold as well for various uses.
Full Property Details
Full Property Details for 815 N Milwaukee Ave
General
- Price: $1,450,000
- Taxes: $18,995 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12634849
- Updated: 7/19/2026
- Added to Site: 8 day(s) ago
Interior
- Interior Features: Private Restroom(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Flooring: Wood
Additional Information
- Security/Safety: Other
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: MILWAUKEE AVE JUST NORTH OF CHICAGO AVE
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Wall Unit
Utilities
- Trash: 600
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Sub-Flooring: Wood
- Stories/Levels: 1
- Square Feet: 2,500
- Year Built: 1914
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 2,500
- Lot Dimensions: 25 x 100
- Zoning: OTHER
Financial Considerations
- Insurance Fee: $2,200
- Operating Expenses: $18,995
- Security Deposit: Other
- Assessment Year: 1914
- Tax Amount: $18,995.27
- Tax Year: 2024
- Pays Electric: 3000
- Pays Trash: 600
Disclosures and Reports
- Property ID: 17054160090000
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Schools
Schools serving 815 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 | 1.4 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.6 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 815 N Milwaukee Ave
Date
Details
Price
Change
Source
7/13/2026
Listed
$1,450,000
40.1%
MLS
5/26/2022
Sold
$1,035,000
—
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 815 N Milwaukee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$21,274
—
$90,250
-6%
2023
$21,274
3%
$96,523
—
2022
$20,671
2%
$96,523
—
2021
$20,204
52%
$96,523
69%
2020
$13,315
13%
$57,000
—
2018
$11,824
-2%
$57,000
—
2019
$12,005
2%
$57,000
9%
2017
$11,810
7%
$52,062
—
2016
$10,995
9%
$52,062
—
2015
$10,133
-2%
$52,062
—
2014
$10,288
2%
$52,062
—
2013
$10,120
3%
$52,062
—
2012
$9,833
—
$52,062
—
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 815 N Milwaukee Ave
815 N Milwaukee Avenue, Chicago, IL 60622 (MLS# 12634849) is a Commercial property. 815 N Milwaukee Avenue is currently listed for $1,450,000 and was received on July 13, 2026. Want to learn more about 815 N Milwaukee Avenue? Do you have questions about finding other Commercial 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.

