1072 N Milwaukee Avenue, Chicago, IL 60642

Local realty services provided by:ERA Partners
1072 N Milwaukee Avenue,Chicago, IL 60642
$1,600,000
  • 0 Acres
  • Lots / Land
  • Active
Listed by: james sheehan
Office: meridian real estate chicago llc.
MLS#:12783193
Source:MLSNI

Price summary

  • Price:$1,600,000

About this home

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.

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Home facts

  • Listing ID #:12783193
  • Updated:October 22, 2026 at 11:17 AM

Rooms and interior

  • Basement Description:Cellar

Finances and disclosures

  • Price:$1,600,000
  • Tax amount:$6,677 (2025)
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Frank Scibior