Listing provided courtesy of Strauss Realty LtdMREDas Distributed by MLSGrid- MLS# 12263050MLS Provider

2323 N Milwaukee AvenueChicago, IL 60647

Commercial · 12,500 Sq. ft.
$3,300,000 Active

2323 N Milwaukee Avenue Overview

Time on Site:
538 days
Visits:
2

HEART OF LOGAN SQUARE! Exceptional opportunity to acquire a two-story, 12,500 SF restaurant/brewery building (former Revolution Brewing for over 14 years). High visibility with 50' of frontage along the Milwaukee Avenue Commercial Corridor. Nearby establishments include Daisies, Slippery Slope, The Chicago Diner, and Emporium Arcade. The inviting interior boasts a 12-foot clear ceiling height, decorative ceilings, a view of the brewing system, and large storefront windows that open to the street. The expansive second floor features a second bar and is ideal for private events, including weddings. Additional features include a drive-in door, a full-height basement with a walk-in cooler, and ample space for beer tanks. Furniture, fixtures, and equipment are available for separate purchase. The building has an occupancy of 299. Convenient location close to I-90/94. California Blue Line is just a 4-minute walk away. Logan Square has a population of 475,348 within a 3-mile radius, with a median household income of $95,301.

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2323 N Milwaukee Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 12,500
  • Price/Sq.ft. $264

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0

Building Information

  • Year Built: 1909

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Logan Square

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $78,617.93
  • Tax Year: 2024

General Information

  • Parcel Number: 13361030170000
  • Property Sub Type: Retail
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 12500

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 201 to 600 Amps, Three Phase
  • Flooring: Varies
  • Leasable Area: 0
  • Stories: 2

Unit Information

  • Unit SqFt.: 12500

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 50 X 125
  • Lot Size Square Feet: 6250

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 2
  • Utilities: Electricity Nearby,Natural Gas Available,Sewer Connected,Water Available

2323 N Milwaukee Avenue Neighborhood

Community

60647 (CHICAGO) Demographics

32
Median Age
21,129
Population Density (per sq. mile)
62%
College Educated
$82,433
Estimated Median Income
13,520
Estimated Total Home Owners
22,512
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2323 N Milwaukee Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2323 N Milwaukee Avenue Market Data

Based on the last 30 days in this zip code

$816,924
Average List Price
$745
Average Price per Square Foot
74
Properties Sold
41
Average Days on Market
141
Properties for Sale
Calculations provided by Reliance Network

2323 N Milwaukee Avenue History

Date Event Value Agent
11/22/2025Source: MRED Status Change
Active
11/17/2025Source: MRED Price Reduction
$3,300,000 -12.0%
11/17/2025Source: MRED Status Change
Price Change
1/12/2025Source: MRED Status Change
Active
1/7/2025Source: MRED Added to Database
January 07, 2025