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231 N Milwaukee Avenue Wheeling, IL 60090 • Residential - Single Family • New

New - 39 Hours Ago
  • 231 N Milwaukee Avenue , Wheeling, IL 60090 Main Photo

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Description

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.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 1,648
Garage Size: 1
Built in 1971
High School: Wheeling High School

General Information

Bedrooms: 1
Bathrooms: 2
Sqft: 1,648
County: Cook
High School: Wheeling High School
Listed By:
RE/MAX Suburban 847-367-8686
MRED MLS

Room Information

Loft: 20X15
Dining Room: 8X6
Family Room: 12X12
Kitchen: 9X8
Laundry: 10X7
Living Room: 15X17
Primary Bedroom: 15X15
$399,000
Est. $2,768/mo
1beds
2baths
1,648sqft
1cars
New to the Market New
BEDS1 BATHS1 full 1 partial SQUARE FEET1,648 MLS#12797020
STATUSNew PROPERTY TYPEResidential - Single Family SCHOOLDistrict 214

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231 N Milwaukee Avenue , Wheeling, IL 60090.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $399,000$399,000$399,000
Down Payment $79,800$13,965$99,750
Monthly Mortgage Amount $2,097$2,574$2,566
Taxes $555$555$555
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$176$0
Monthly Estimated Total $2,768$3,421$3,237

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