For sale Home

Listed Nov 1, 2026

$399,000 Est. $2,639/mo

231 North Milwaukee Avenue

  • 1

    Beds

  • 2

    Baths

  • 1,648

    Sq ft

The story

  • Basement

Freestanding storefront building with finished living quarters upstairs, a paved parking lot and a detached garage. The property sits on 0.29 acre with 100 feet of frontage on Milwaukee Avenue (US 45). Vacant, immediate occupancy. The property is mixed-use and is 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 have large street-facing display windows. Behind them is a kitchen area with sink and a small pantry. 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. A door opens to the balcony over the entry. The balcony has its own exterior stair down to the parking lot. Central air, boiler heat, partial basement. The sale includes the adjoining paved side lot. Together, the two parcels total 12,596 SF of land. 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. 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.

Facts & features

Home type

Home

Year built

1971

Price per sq ft

$242

Parking

1-car garage

Included features

  • Basement

    Yes

  • Cooling

    Central Air

  • Heating

    Gas

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$2,639 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,124
  • Property tax $399
  • Insurance $116

Includes principal, interest, taxes & insurance.

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Listing Broker

RE/MAX Suburban

Broker Name

RE/MAX Suburban

Agent

Jason Bitton