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.

Based on information submitted to MRED as of October 14, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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More Info

Basic Information

Current Use ["Commercial"]
Date Listed10/13/2026
List Price$1,600,000
MLS Number12783193
Mls Status Active
Property TypeLand

Property Information

Frontage Length 48.1
Frontage Type ["City Street"]
Lot Size Dimensions 48.1x100

Tax Information

Tax Annual Amount $6,677
Tax Year 2025

Basic Information

Property SubTypeLand

Building

BasementCellar

Utilities

Utilities ["Electric to Site", "Natural Gas Available"]

Amenities

Other AmenitiesBasement

School Information

Elementary School District 299
High School District 299
Middle Or Junior School District 299

Location

AreaWest Town
Building Number1072
CountyCook
Road Surface Type ["Concrete"]
StateIL
StreetNorth Milwaukee Avenue
TownChicago
Township West Chicago
Zip60642

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