Property Description

The retail space is currently occupied by 2 Amigos Mexican Restaurant which has called Logan Square home for the past 27 years. The restaurant has a full-service kitchen and eat-in dining room as well a large basement. The basement has extra storage, a freezer and Refrigerator and the potential to be re-purposed. 2 Amigos Restaurant will be moving out making the space available. Incidental liquor license included.

Above the retail space, on the 2nd floor there is a 2 bedroom, 2 bath apartment that is approximately 3,000 SF. The current lease is through June 31, 2021. There are already two rent increases included in the lease; on July 1, 2019 the rent will go to $1,675 & on July 1, 2020 up to $1,800. On the 3rd and top floor, there is another 2 bedroom, 2 bath unit that is currently being used as a music studio. This apartment is also 3,000 SF and there is no lease.

This location has a walk score of 96, making it a walker‘s paradise. It is a 2 minute walk to California Blue Line and a 7 minute walk to Palmer Square. The 90/94 expressway is only a 4 minute drive and there are literally dozens of local attractions within minutes. Some of the local favorites include Cozy Corner, Boiler Room, Emporium, Furious Spoon, Bang Bang Pie & Biscuits, Parson‘s Chicken & Fish, Concord Music Hall and more.

Address Map
Address Location
US
IL
Chicago
60647
Milwaukee
2320
Milwaukee Ave
Unit Mix Information
2 Bed / 2 Bath
2
$1,575
Retail
1
$4,000
Major Tenant Information
2 Amigos
Traffic Information
N Milwaukee Ave
16,601
2018
N California Ave
9,520
2018
W Fullerton Ave
37,443
2018
Public Transportation
California Station
1 min
0.10 mi
Logan Square Station
2 min
0.70 mi
Healy Station Commuter Rail
4 min
1.60 mi
Clybourn Station Commuter Rail
4 min
1.90 mi
Midway International Airport
21 min
11.60 mi
O'Hare International Airport
20 min
13.10 mi

2320 N Milwaukee Ave Chicago, IL 60647 - Under Contract

2320 Milwaukee Milwaukee Ave- Chicago- Illinois 60647

10,437 Sqft
$2,200,000
Listing ID #1120
Property Details
Listing Type : For Sale Listing
Property Type : Multifamily
Price : $2,200,000
Listing ID : 1120
Building Class : B
Zoning : C1-1
Sale Type : Investment
Building Size : 10,437 Sqft
No. Stories : 3
Year Built : 1908
Lot Area : 3,298 Sqft
APN / Parcel ID : 13-36-105-039-0000
Broker Info
Property Documents
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