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  • $1,600,000

    1072 N Milwaukee Ave, Chicago, IL 60642

    --beds
    --baths
    4,810Square Feet
    Unimproved Land
    Built in ----
    4,810 Square Feet Lot
    $1,513,000 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Prime redevelopment opportunity at 1072 N Milwaukee Avenue in Chicago's vibrant Milwaukee Avenue corridor. The property features a 5,227-square-foot lot zoned C1-3, offering exceptional potential for a mixed-use residential and commercial development. With a 3.0 Floor Area Ratio (FAR), the site provides approximately 15,682 square feet of allowable floor area and a projected development capacity of 14 residential units. C1-3 zoning permits a variety of commercial uses, including ground-floor retail with residential apartments above, creating an attractive opportunity for developers and investors. No ARO requirement. Ideally positioned along a highly desirable urban corridor, this property presents an opportunity to capitalize on strong neighborhood demand and continued investment in the surrounding area. All zoning, density, permitted uses, and development potential are subject to independent verification with the City of Chicago.
    4 days
    46
    1

    Zillow last checked:

    Listing updated:

    Listed by:

    James Sheehan 773-231-5642,

    Meridian Real Estate Chicago LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12783193MLS Logo

      Facts & features

      Interior

      Appliances
      • Laundry: None
      Features
      • Basement: Cellar

      Property

      Features
      • Frontage length: 48.1
      Lot
      • Size: 4,810 Square Feet
      • Dimensions: 48.1x100
      Details
      • Parcel number: 17053080820000
      • Special conditions: None

      Utilities & green energy

      • Utilities for property: Electric to Site, Natural Gas Available

      Community & HOA

      Location
      • Region: Chicago

      Financial & listing details

      • Tax assessed value: $579,400
      • Annual tax amount: $6,677
      • Date on market: 10/13/2026
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Concrete

        Estimated market value

        $1,513,000

        $1.44M - $1.59M

        $3,578/mo

        Price history

        DateEventPrice
        10/13/2026Listed for sale$1,600,000
        Source: MRED as distributed by MLS GRID #12783193 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$11,675 +74.9%$57,940 +83.6%
        2023$6,677 +2.9%$31,550
        2022$6,489 +2.3%$31,550
        2021$6,344 -35.3%$31,550 -28.3%
        2020$9,803 -1.3%$44,004 -11%
        2019$9,934 +1.7%$49,443
        2018$9,767 +70.9%$49,443 +86.3%
        2017$5,714 -37.8%$26,544 -42.2%
        2016$9,191 +9.3%$45,889
        2015$8,409 -23.2%$45,889 -22.2%
        2014$10,943 +2%$58,982
        2013$10,727 +1.4%$58,982
        2012$10,584 +32.8%$58,982 +19.9%
        2011$7,973 -0.4%$49,199
        2010$8,006 +4.4%$49,199
        2009$7,672 +7.7%$49,199 -0.9%
        2008$7,125 +1%$49,669
        2007$7,054 -1.1%$49,669
        2006$7,130 +54.7%$49,669 +76%
        2005$4,611 +1%$28,216
        2004$4,564 +2.2%$28,216
        2003$4,465 $28,216
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Noble Square

        Getting around

        95 / 100
        Walker's Paradise
        79 / 100
        Excellent Transit
        98 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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