2320 N Milwaukee Ave
Chicago, IL 60647
$2,200,000
Price
Sq. Ft.
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2320 N Milwaukee Ave Chicago, IL 60647

Executive Summary

The retail space is currently occupied by 2 Amigos Mexican Restaurant which has called Logan Square home for the past 27 years. The restaurant has a full-service kitchen and eat-in dining room as well a large basement. The basement has extra storage, a freezer and Refrigerator, and the potential to be re-purposed. 2 Amigos Restaurant will be moving out making the space available. Incidental liquor license included.

Above the retail space, on the 2nd floor, there is a 2 bedroom, 2 bath apartment that is approximately 3,000 SF. The current lease is through June 31, 2021. There are already two rent increases included in the lease; on July 1, 2019 the rent will go to $1,675 & on July 1, 2020, up to $1,800. On the 3rd and top floor, there is another 2 bedroom, 2 bath unit that is currently being used as a music studio. This apartment is also 3,000 SF and there is no lease.

This location has a walk score of 96, making it a walker‘s paradise. It is a 2-minute walk to California Blue Line and a 7-minute walk to Palmer Square. The 90/94 expressway is only a 4-minute drive and there are literally dozens of local attractions within minutes. Some of the local favorites include Cozy Corner, Boiler Room, Emporium, Furious Spoon, Bang Bang Pie & Biscuits, Parson‘s Chicken & Fish, Concord Music Hall and more.

Property Location

Chicago » 60647 » 2320 N Milwaukee Ave

Property Details

Status Closed
Listing Type For Sale
Property Type Mixed-Use
Price $2,200,000

Broker Contact

Ryan Wewerka

Ryan Wewerka

Mobile: 814-497-5081

Office: 773-327-9300

Email: RyanW@crer.com

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