About This Home

This 0-bedroom, 0-bathroom commercial at 815 N MILWAUKEE Avenue in Chicago, IL is listed for $1,400,000. Built in 1914, on a 0.06 acres lot.

Key Features

  • Built in 1914
  • 0.06 acre lot
  • Fireplace

Property Details

1 story
1914

Amenities

FireplaceA/C
Listing Description

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.

Monthly Cost Estimate

$7,487/mo

20% down · 6.5% · 30 years

Principal$1,012
Interest$6,067
Insurance$408

Estimates only. Actual payments may vary.

Location

815 N MILWAUKEE Avenue

Chicago, IL 60622

Property Details

Flooring

Wood

Construction

Brick

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 815 N MILWAUKEE Avenue is listed at $1,400,000. The estimated monthly payment is $7,487 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1914, 0.06 acre lot, Fireplace.

This property is listed by John Federici.

JF

John Federici

Agent at Compass Real Estate

Listed by Compass Real Estate · Broker phone: 7734667150 · Broker website

MLS# 12634849· Source: Midwest Real Estate Data, LLC· 109 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.

815 N MILWAUKEE Avenue, Chicago, IL 60622

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