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Updated 4 hours ago

1242 N Milwaukee Ave Unit 401


Chicago, IL

1 Bed
1 Bath

957 Sq. Ft.

Available starting Jun. 21st
1 Bed • 1 Bath
$3,240
957 ft2
1 Available
Managed By: avail
ENORMOUS Corner 1BED, 1BATH! Wicker Park's premier location! over 900 SQ FT
$3,240
Available Jun 21st, 2026
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Pets
Dogs Ok
Cats Ok
Property details
Description

ENORMOUS Corner 1BED, 1BATH! Wicker Park's luxury rental property! Offering an unparalleled combination of a vibrant neighborhood location and thoughtfully curated design. Right off Milwaukee and steps from all of the restaurants and shopping on Division Street and Milwaukee Ave. The unit features custom two-tone cabinetry, quartz counters+stainless steel appliances+island. There's sleek concrete floors throughout+exposed piping providing a stylish industrial loft feel/vibe. The living space offers an ample room to add in a home-from-home station or it's suitable as a formal dining space. Lastly, there's an in-unit W/D+private balcony perfect for grilling and furry pets! In addition, there's an onsite fully-furnished rooftop deck with skyline views, grill area and fire-pit. MUST-SEE!
Pictures are representative samples of another unit. See floor plan under addtl.
Paulina Pacyna
Compass | DAC

Additional Details
Total Unit Count: 1
Last Updated: Updated 4 hours ago
Contact Number: (312) 998-6780
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
AT&T Inc. 1000.0 1000.0
Comcast Corporation 987.0 35.0
Lynx Communications 200.0 50.0
ViaSat, Inc. 35.0 3.0
Hughes Network Systems, LLC 25.0 3.0
Data from June 2020 provided by the FCC
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Neighborhood
Wicker Park
Thriving Art and Fine Dining in Chicago’s Walkable Wicker Park

In 1868 The Chicago Board of Public Health chose to create a fashionable park west of Milwaukee Avenue and south of North Avenue. An alderman, Charles Wicker, purchased 80 acres to be developed as a subdivision with a four-acre park at its center in this area. The subdivision building was begun by Chicagoans who were displaced by the Great Chicago Fire in 1871. By the end of the 19th century Wicker Park was home to many of Chicago’s wealthy Northern European immigrants who subsequently built cathedrals similar to those in Europe. The church styles included Renaissance Revival and Baroque Revival architecture. During the late 1950s, the Kennedy Expressway was built which displaced many residents and by the 1970s the city lost slightly more than 11% of its residents. At one point an area of North Avenue became a haven for prostitution, drug dealers and gangs. New affordable housing became available because of community development groups like Northwest Community Organization and by 2012 Wicker Park was named the #4 hippest hipster neighborhood in the country by Forbes.
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 1242 N Milwaukee Ave Unit 401 by bedroom type below.
1 Bedroom
Suggested income:
$116,600
per year
Rent report

1242 N Milwaukee Ave Unit 401 Rent vs. Chicago Average

 1242 N Milwaukee Ave Unit 401      Chicago Average
1BR
$3,240
$2,104
$0
$1,100
$2,200
$3,300
$4,400

1242 N Milwaukee Ave Unit 401 is asking 54% more than the average 1 bedroom apartment in Chicago.

If you upsized to an average priced Chicago 2 bedroom apartment, you would pay 17% more per month.

If you downsized to an average priced Chicago studio apartment, you would pay 29% less per month.

1242 N Milwaukee Ave Unit 401 provides 39% more square footage than the average Chicago 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
1242 N Milwaukee Ave Unit 401
1BR $3,240 $3.40 $9,720
Chicago Average
Studio $1,630 $3.60 $4,889
1BR $2,104 $3.10 $6,313
2BR $2,537 $2.60 $7,612
3BR $3,055 $2.40 $9,164
4BR $2,304 $1.80 $6,912

Availability in Chicago

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 4,394 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
22% 36% 29% 10% 4%
Available Units in Chicago
Studio 2,663
1BR 4,394
2BR 3,611
3BR 1,175
4BR 464
Location
Nearby Colleges
Nearby Hospitals
Name Distance
Presence Chicago Hospitals Network Dba Presence Saint Mary Of Nazareth Hospital Center 0.78 mi.
Presence Chicago Hospitals Network Dba Presence Saint Elizabeth Hospital 0.95 mi.
Norwegian American Hospital 1.6 mi.
Nearby Fire Stations
Name Distance
Chicago Fire Department 0.19 mi.
Superior Volunteer Fire & Ems 1.61 mi.
Franklin Park Fire Department 1.92 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on June 21, 2026.
What's the square footage of the available units?
It's 957 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
1242 N Milwaukee Ave Unit 401 has a 1 bedroom unit starting at $3,240.
Where is this property located?
This property is at 1242 N Milwaukee Ave Unit 401 in Chicago, IL. It's 3.1 miles south from the center of Chicago.
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