3278 N Milwaukee Avenue
Chicago, IL 60618
- – beds
- – baths
- – sqft
- ~3 acre lot
- – on site
Incredible development opportunity. Belmont Triangle site in Avondale. 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.
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Last updated May 20, 2025
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MLS# 12369091 —
Location
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Directions:Triangular Landsite with frontage along Pulaski Rd, Belmont Avenue and Milwaukee Avenue
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Location:15401
The Property
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Parcel Number:13233250490000
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Property Type:Land
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Lot Size Dimensions:NA
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Lot Size Acres:3.28
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Current Use:Commercial, Multi-Family, Retail, Other
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Possible Use:Commercial, Development, Recreational, Multi-Family, Single Family, Retail, Other
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Building On Land:Yes
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Frontage Type:City Street
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Frontage Length:1148
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Waterfront:false
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Road Surface Type:Asphalt, Concrete
Listing Agent
- Contact info:
- Agent phone:
- (773) 736-3600
- Office phone:
- (773) 736-3600
Taxes
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Tax Year:2023
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Tax Annual Amount:999
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Electricity Available, Natural Gas Available, Water Available
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/20/25
May 20, 2025
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Listed / Active | MRED | $18,000,000 |
