3278 N Milwaukee Ave

Chicago, IL 60618

$18,000,000
Price
142,876 / 3.28
Lot Size / Acres
unknown
a city view with tall buildings
a view of a street with sitting area
a view of staircase with railing and white walls
a picture of a book and a window

Description

Incredible development opportunity. Belmont Triangle site in Avondale. Approx. 3.28 acres parcel at Belmont Ave, Milwaukee Avenue and Pulaski Road. Approx. 3.28 acres parcel at Belmont Ave, Milwaukee Avenue and Pulaski Road | Strauss Realty, Ltd. is proud to offer a rare opportunity to redevelop a substantial, 3.28 acre contiguous site in the heart of Avondale-bordered by Pulaski Road (20K VPD), Belmont Avenue (16K VPD), and Milwaukee Avenue (17K VPD). This prominent parcel is ideally suited for...Incredible development opportunity. Belmont Triangle site in Avondale. Approx. 3.28 acres parcel at Belmont Ave, Milwaukee Avenue and Pulaski Road. Approx. 3.28 acres parcel at Belmont Ave, Milwaukee Avenue and Pulaski Road | Strauss Realty, Ltd. is proud to offer a rare opportunity to redevelop a substantial, 3.28 acre contiguous site in the heart of Avondale-bordered by Pulaski Road (20K VPD), Belmont Avenue (16K VPD), and Milwaukee Avenue (17K VPD). This prominent parcel is ideally suited for a higher-density, mixed-use development that could include residential units, a grocery store, restaurants, bars, entertainment venues, or even a lifestyle center with community-focused retail. Formerly home to industrial buildings, small businesses, and auto-related uses, the site is now largely vacant -creating a noticeable gap in Avondale's commercial landscape. Recognizing its potential, the previous alderman supported zoning changes to allow for four- to five-story buildings, signaling readiness for revitalization. There is strong community support for redevelopment, with the shared goal of transforming the "Belmont Triangle" into a vibrant, mixed-use destination that reflects the neighborhood's character and needs. A 2022 survey revealed that most respondents access the site by walking or driving, and expressed strong interest in open spaces along with dining and retail options. In 2022, the Department of Planning and Redevelopment designed three schemes (see brochure). As nearby neighborhoods like Logan Square and Bucktown continue to rise in cost, Avondale is becoming an increasingly attractive alternative for residents and investors alike. Demand for both residential and commercial uses remains strong, positioning this site for significant returns. The site offers outstanding accessibility and exposure, with easy access to transportation including I-90/94, the Belmont Blue Line station, and the Irving Park Metra station. The surrounding neighborhood features a mix of community assets such as schools, churches, and a range of active retail establishments, reinforcing the site's potential for impactful mixed-use development. Nearby tenants include Las Islas Marias, Walgreen's, CVS, HR Block, BP Gas, AT&T Store, McDonald's, PNC Bank, shops, laundry and dining. Development incentives include eTOD, NOF, TIF, LIHTC, federal subsidies grants and loans, Cook County Tax Incentives for Class 7A, 7B and L properties. The population within 1 mile is 44,014 with 17,021 households and average household income of $97,116.

Property Details for 3278 North Milwaukee Avenue

Area
CHI - Avondale
Township
North Chicago
Ownership
Fee Simple
Num Of Parking Spaces
0.0
LISTING UPDATED: 11/12/2025 10:22 AM

Property Details for 3278 North Milwaukee Avenue

StatusActive
MLS #12369091
Days on Market200
Taxes$999 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size3.28 AC
CountyCook County

Location

Listing Courtesy of Strauss Realty Ltd
Add your commute

Building Information for 3278 North Milwaukee Avenue

Lot Size3.28 AC

Payment Calculator

$89,028 per month

30 year fixed, 6.28% Interest

Principal and Interest

$88,944

Property Taxes

$83

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3278 North Milwaukee Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Location and General Information
  • Frontage Length: 1148
  • Frontage Type: City Street
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric to Site, Natural Gas Available, Water Available
Property/Lot Information
  • Lot Size: 3.0-3.99 Acres
  • Lot Dimensions: 142789
  • Approx Land Sq Footage: 142789
  • Buildings on Land: Yes
  • Waterfront: No
  • General Information: None
  • North Coordinate: 3278
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3900
Property and Assessments
  • Possible Use: Commercial, Condominium, Development, Recreational, Multi-Family, Single Family, Retail, Special Use, Zoning Change Required, Other
  • Public Document Count: 1
  • Document Date: 2025-09-03T20:21:10
  • Photos Count: 8
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Commercial, Multi-Family, Retail, Other
  • Road Surface: Asphalt, Concrete
  • Total Listed Lots Avail: 6+
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 3278 North Milwaukee Avenue

DateEvent & SourcePriceAppreciation
May 19, 2025

Listed (Active)

MRED #12369091

$18,000,000—
DateEvent & SourcePrice
05/19/2025

Listed (Active)

MRED #12369091

$18,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3278 North Milwaukee Avenue

Taxable ValueLand$7,847Additions$27,425Total$35,272
Tax Record2023$7,469 ($622 / month)
Home Facts
Baths7.5Total Finished SqFt5,828 SqFtAbove Grade Finished SqFt5,828 SqFtStories2Lot Size1,350 SqFtStyleMulti-Family Res (5+ Units)Year Built1916CountyCOOKAPN13-23-325-049

Schools near 3278 North Milwaukee Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Garcia Lorca Elementary School
Public - PK to 8
Schurz High School
Public - 9 to 12
Antonia Pantoja High School
Charter - 9 to 12
ASPIRA Charter - Early College Pr
Charter - 9 to 12
Rating
School
Distance
Garcia Lorca Elementary School
PublicPK to 8

Schurz High School
Public9 to 12

Antonia Pantoja High School
Charter9 to 12

ASPIRA Charter - Early College Pr
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3278 North Milwaukee Avenue, Chicago, IL 60618

3278 North Milwaukee Avenue is a 3.28 ac of land for sale in Chicago, IL 60618. This property was listed for sale on May 19, 2025 by Strauss Realty Ltd, it's currently listed at $18,000,000. This listing's school district is Chicago Public Schools. Nearby schools include Garcia Lorca Elementary School, Schurz High School and Antonia Pantoja High School. 3278 North Milwaukee Avenue is a 0-bed, 0-bath, 3.28 ac of land on a 142,876 sq. ft. / 3.28 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Strauss Realty Ltd

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/12/2025 10:22 AM. 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.