$1,295,000

711 N Milwaukee Ave Unit 2 Chicago, IL 60642

$10,000
Closing credit¹
3 beds
2 full, 1 partial
4,822 sqft
$269 / sqft
Condo

Property details

About 711 N Milwaukee Ave Unit 2

Welcome to this one-of-a-kind, expansive 2-story condo in River West offering over 4800 square feet of versatile live/work space for those who seek both style and functionality, this exceptional space is ideal for creative minds to make their own. Used at times as a photography studio and at other times as residential space over the past few decades, the open layout creates endless possibilities for personal and/or professional use (zoned C1-3). Work from home, use for your business, or just resdiential...the choice is yours! Currently, the home is layed out as a 3-bedroom 2.5 bath condo with many adaptable "flex-space" areas, also featuring in-unit washer/dryer and three wood-burning fireplaces that enhance the warm ambiance of this space. The primary bedroom suite is a true retreat, complete with a separate shower & modern soaking tub, double vanity and sauna. The spacious, organized closet adds to the suite's appeal, offering ample storage. Recent improvements include new windows throughout the unit, building roof replacement, common deck replacement and tuckpointing. The building includes a convenient elevator and access to both floors of the condo (primary bedroom level and living area level), to the first floor garage, and to a common rooftop deck. There is 1 heated garage parking space included! With a perfect balance of chic living and practical design, this loft is a rare find in today's market. River West is a vibrant neighborhood with a unique blend of industrial charm and modern development. The area boasts a variety of trendy bars, cafes, and restaurants, making it a favorite spot for professionals and creatives. Easy access to the nearby West Loop and Fulton Market Districts, and a convenient location near major highways and public transportation makes it an ideal spot for those looking for both a lively urban experience and quick access to downtown Chicago. For potetnial commercial prospects: ZONED C1-3. Please note that the seller is in the process of moving many items collected over decades which will take some time so please pardon some of the clutter and the state of the home being in 'moving condition'. Not all rooms/areas have been photographed. Estimated square footage from plans in additional imfo or available upon request, buyers to verify room dimensions and square footage. BUILDING HISTORY: The former home to the M. Schulz Co., a premier piano manufacturing company that was founded in 1869, who set up shop at 711 Milwaukee in the 1890s. Established in the great piano hub of Chicago, M. Schulz & Co. manufactured grand and upright pianos, as well as reproducing and player pianos - all of which had a reputation as first-class instruments. Known for their highly accurate, almost perfect scale, M. Schulz pianos were crafted from quality materials and built with great care. The original Schulz building engraving still adorns the renovated building today.

Highlights

Home typeCondominium
HeatingNatural Gas, Electric
StatusActive
CoolingCentral Air
Size4,822 sqft
MLS #12306031
Attached garage1 space

Summary

  • MLS Number: 12306031
  • MLS Name: MRED
  • Office Name: Dream Town Real Estate
  • Office Phone: (312) 242-1000
  • Listing Agent: Brian Caron

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view of building exterior

$1,295,000

711 N Milwaukee Ave Unit 2

$10,000

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

9

Skinner Elementary School

Public District PK-5

0.9 mi

111 S Throop St

3

Hope Learning Academy

Public District KG-5

1.1 mi

1628 W Washington Blvd

4

Cooper Elementary Academy

Public District PK-5

2.8 mi

1624 W 19th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $123,889. Most Chicago, IL residents have annual incomes between $100k-200k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

4%
<35k
33%
35k-100k
43%
100k-200k
20%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

65%
Single, No Kids
2%
Single, with Kids
22%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

9%
<11 yrs old
1%
12-17 yrs old
52%
18-34 yrs old
37%
35-64 yrs old
1%
65+ yrs old

What do the neighbors do for fun?

  • Hiking/backpackingHiking/backpacking
  • Music ConcertsMusic Concerts
  • Live TheatreLive Theatre

Where do the neighbors shop?

  • BloomingdalesBloomingdales
  • H&MH&M
  • Crate & BarrelCrate & Barrel

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • ChipotleChipotle
  • Boston MarketBoston Market

What do the neighbors drive?

  • AudiAudi
  • VolkswagenVolkswagen
  • MercedesMercedes

What do the neighbors listen to?

  • AlternativeAlternative
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 711 N Milwaukee Ave Unit 2

This home is located at 711 N Milwaukee Ave Unit 2 in Chicago, IL and zip code 60642 in the River West neighborhood. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 6, 2025 and is currently priced at $1,295,000.

Chicago, IL housing market in February 2025 saw over 406 listings sold above listed price, more than 232 sold at listed price and over 629 sold below. The number of homes for sale in Chicago, IL increased by 16.2% between January and February 2025. In February 2025, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $369,941.

From Rocket Homes Real Estate and based on county public records data.

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