The Milwood stands out as a unique investment opportunity for a mixed-use property, featuring prime retail space in the heart of Wicker Park on its ground floor and 20 highly desirable loft apartments above.

Positioned along Milwaukee Ave, in the heart of Wicker Park’s coveted retail corridor, this property holds immense appeal for both retail and residential tenants. The studio and one-bedroom apartments showcase exposed brick, subway tiling, custom cabinetry, in-unit laundry facilities, glass-enclosed rain showers, bike storage, and limited onsite parking. Combining historic charm with modern amenities, this building provides a unique blend of the past and present.

The Millwood building at 1422 Milwaukee is positioned in the heart of Wicker Parks best “high-street” retail corridor running along Milwaukee Ave.

This stretch of retail space is highly coveted by both local and national retailers and restaurateurs, including notable names like Supreme, Cava, Jeni’s Ice Cream, Adidas Originals’ largest flagship location worldwide, Burton Chicago Flagship Store, Levi’s Store, Urban Outfitters, Sweetgreen, Yeti, Carhartt, Crumbl Cookies, Tacombi, and many more.

This area boasts exceptional pedestrian and vehicle traffic counts day and night, with 9,850 vehicles per day (VPD). Within a 1-mile radius, the demographics are impressive, featuring a population of 60,020, an average household income of $153,918, and a median home value of $601,572 with a one-mile radius.

Wicker Park is undeniably one of Chicago’s trendiest neighborhoods. The neighborhood offers a unique mix of bars, galleries, and entertainment venues along with upscale retailers that have made the neighborhood a well-known destination. Located a few miles northwest of The Loop, Wicker Park is ideal for commuters with easy access to the Blue Line CTA, city buses and a variety of housing, including a mix of historic architecture and modern developments, catering to a wide range.

The area has several parks and recreational spaces, offering residents green spaces for relaxation and outdoor activities. Wicker Park has an active community with various events, farmers’ markets, and festivals, fostering a strong sense of community and belonging. Investing in Wicker Park real estate not only provides access to a lively and convenient lifestyle but also offers strong potential for property value appreciation and rental income.