About This Home

This 2-bedroom, 2-bathroom single family at 231 N Milwaukee Avenue in Wheeling, IL is listed for $480,000 ($291 per sqft). Built in 1971, the home offers 1,648 sqft of living space on a 0.27 acres lot.

Key Features

  • Built in 1971
  • 0.27 acre lot
  • 2 stories
  • 5 parking spaces

Property Details

2 stories
1 full, 1 half
1-car garage
1971

Amenities

A/C
Listing Description

Freestanding storefront building with finished living quarters upstairs, a paved parking lot and a detached garage, on 0.29 acre with 100 feet of frontage on Milwaukee Avenue (US 45). Vacant, immediate occupancy. Please note: this is a mixed-use property, not a single-family house.

Cook County classifies it as Class 2-12 mixed-use commercial/residential, and the Village of Wheeling zones it B-3 General Commercial and Office District. Buyer to verify residential occupancy of the second floor, and every intended use, with the Village of Wheeling.

Main floor: the front door opens to a front room on the left and a larger room on the right, both with large street-facing display windows. Behind them is a kitchen area with sink and a small pantry, and a half bath sits by the stairs. Upstairs: an open room leads back to a bedroom, a full bath with tub and shower, and a laundry room, with a door out to the balcony over the entry, which has its own exterior stair down to the parking lot.

Central air, boiler heat, partial basement. The sale includes the adjoining paved side lot: two parcels, 12,596 SF of land in total. B-3 zoning allows retail, restaurant, personal service, medical and dental office, general office and artist studio uses by right.

IDOT counted 24,300 vehicles a day on Milwaukee Avenue at the property in 2025, and a Pace bus stop (Routes 272 and 234) is at the property. Walgreens, Fresh Farms International Market, Chase, Benihana, Scooter's Coffee and the Dundee Road restaurant cluster are within a quarter mile; the Wheeling Metra station is 1.8 miles away and I-294 at Lake Cook Road 3.9 miles.

The building parcel is outside the FEMA Special Flood Hazard Area (Cook County parcel data, 2024). Buyers using residential (FHA or conventional) financing should confirm eligibility with their lender before writing an offer. Building size (1,648 SF, Cook County Assessor), lot size and all other figures are from public record or the seller and must be verified by the buyer, including real estate taxes and the 2025 Cook County reassessment.

Monthly Cost Estimate

$2,567/mo

20% down · 6.5% · 30 years

Principal$347
Interest$2,080
Insurance$140

Estimates only. Actual payments may vary.

Location

231 N Milwaukee Avenue

Wheeling, IL 60090

Property Details

Construction

Vinyl Siding

Parking

Garage

Heating

Natural Gas

Cooling

Central Air

Questions & Answers

This 2-bedroom, 2-bathroom single family at 231 N Milwaukee Avenue is listed at $480,000 ($291/sqft). The estimated monthly payment is $2,567 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1971, 0.27 acre lot, 2 stories, 5 parking spaces.

This property is listed by Jason Bitton and can be reached at (847) 259-0202.

JB

Jason Bitton

Agent at REMAX Suburban

(847) 259-0202
Agent website

Listed by REMAX Suburban · Broker phone: (847) 259-0202 · View on Broker Site · Broker website

MLS# 12765323· Source: Midwest Real Estate Data, LLC· 17 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

231 N Milwaukee Avenue, Wheeling, IL 60090

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