For Sale: 815 N Milwaukee Avenue, Chicago, IL 60642. 4-bedroom 2.5-bath, 3208 sf, 1916 WEST TOWN $1,450,000 begin new search
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Overview

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
Rooms
Sitting Room, Loft
Square Footage 3208 sf
Bedrooms 4
Full Bathrooms 2
Half Baths 1
Location
Directions MILWAUKEE AVE JUST NORTH OF CHICAGO AVE
Neighborhood WEST TOWN
School District Not Listed
Ownership
Property Type Fee Simple
Assessment $0
Listing History
Timeline Notes
Sep 20, 2026Back on market #MRD12704009
Aug 7, 2026Status changed to Active Under Contract #MRD12704009
Jul 14, 2026Listed for $1,450,000 #MRD12704009
Public Records
County Cook
Tax PIN 17054160090000
Property Tax $18,995 for the year 2024
Lake Michigan Distance 1.7 miles
Exterior
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
Features
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
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12704009
Courtesy of Compass