1072 N Milwaukee Avenue, Chicago IL 60642
$1,600,000

1072 N Milwaukee Avenue, Chicago IL 60642

$1,600,000
Active
Noble Square Land

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Property Description

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.

Features & Information

Key Details
  • List Price $1,600,000
  • Property Taxes $6,677
  • Lot Dimensions 48.1x100
  • Market Time 7
  • Status Active

Schools
  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

Location
  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property From Downtown Take Milwaukee To 1072

  • Property Taxes
  • Tax $6,677
  • Tax Year 2025
  • Parcel Identification Number 17053080820000

Listed by James Sheehan for Meridian Real Estate Chicago LLC | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/5/2026 5:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Noble Square

Noble Square is a small pocket of a neighborhood surrounded by more notable areas such as Wicker Park and Ukrainian Village. The streets remain primarily residential, while the busy avenues of Chicago and Grand offer a variety of dining, shopping and nightlife options. People come from all over the city to experience the unique restaurants in Noble Square that have become all the rage in Chicago. A testament to Noble Square's culinary popularity: Some of these places are booked a month in advance for the weekends, and no matter what night you go out, there is bound to be a throng of hungry Chicagoans enjoying the neighborhood's eclectic menu choices. After dinner, the focus turns toward Noble Square's spirited watering holes. There are a good number of casual sports bars, the kind with pool tables and giant TVs for watching a game. For more cultural evening entertainment, the Chopin Theatre is known for its edgy performances that include every form of expression from poetry readings and films to plays and live music.

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