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.
New
$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
- 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#: 12783193
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
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Listed for sale | $1,600,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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






