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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.
| Address |
815 N Milwaukee Avenue
Chicago, IL 60642 |
| Listing Status | RE_ACTIVATED |
| Asking Price | $1,450,000 |
| On Market Date | $1,450,000 @ Jul 14, 2026 |
| Original Entry | Jul 14, 2026 |
| Square Footage | 3208 sf |
| Bedrooms | 4 |
| Full Bathrooms | 2 |
| Half Baths | 1 |
| Directions | MILWAUKEE AVE JUST NORTH OF CHICAGO AVE |
| Neighborhood | WEST TOWN |
| School District | Not Listed |
| Property Type | Fee Simple |
| Assessment | $0 |
| Timeline | Notes |
|---|---|
| Sep 20, 2026 | Back on market #MRD12704009 |
| Aug 7, 2026 | Status changed to Active Under Contract #MRD12704009 |
| Jul 14, 2026 | Listed for $1,450,000 #MRD12704009 |
| County | Cook |
| Tax PIN | 17054160090000 |
| Property Tax | $18,995 for the year 2024 |
| Lake Michigan Distance | 1.7 miles |
| Style | Detached Single |
| Material | Not Listed |
| Lot Size | 25X100 |
| Fencing | Not Listed |
| Topography | Not Listed |
| Swimming Pool | Not Listed |
| Parking |
Assigned
Off Street
Yes
Leased
Total Spaces: 1
Garage Spaces: 0
Non-Garage Spaces:
0 -
|
| View | Not Listed |
| Year Built | 1916 |
| Laundry Location | In Unit |
| Elevator | Not Listed |
| Cooling | Central Air |
| Heating | Natural Gas, Forced Air |
| Sewer/Septic | Public Sewer |
| Fireplaces | Not Listed (1) |
| Additional Parcels | No |
| Appliances | No |
| Assessments | No |
| Association | No |
| Association Fee 2 | 0 |
| Association Fee Frequency | Not Applicable |
| Attached Garage | No |
| Basement | Unfinished, Full |
| Below Grade Finished Area | 0 |
| Carport Spaces | 0 |
| Cooling | No |
| Heating | No |
| High School District | 299 |
| Land Lease | No |
| Laundry | No |
| Living Area Source | Estimated |
| Main Level Bathrooms | 0 |
| Main Level Bedrooms | 0 |
| New Construction | No |
| Number Of Units Total | 0 |
| Number Remotes | 0 |
| Parking | No |
| Patio | No |
| Pool Private | No |
| Property Attached | No |
| Sprinklers | No |
| View | No |
| Well Depth | 0 |
| Well Gallons Per Minute | 0 |
| Well Pump Horsepower | 0 |
| Well Report | No |
| Platform | MRED |
| AOR | |
| MLS Number | MRD12704009 |
| Courtesy of | Compass |
https://www.chicagotopcondos.com/MRD12704009