2944 W Devon Ave - Apartments FOR SALE


Chicago, IL 60659- West Rogers Park
$1,600,000 USD
847-977-5389
2944 W Devon Ave, Chicago, IL for Sale
$1,600,000 USD
Apartments - FOR SALE
1/16
null | 7.5% Cap Rate

2944 W Devon Ave
Chicago, IL 60659
West Rogers Park


HIGHLIGHTS

  • Very rare offering, This great 3 story, 7 Unit commercial mixed-use building is for sale at 2944 W Devon.
  • The building features a Classic facade. Building is 8975 SQ FT, Land Site is approx. 6250 SQ FT, B1-2 Zoning.
  • Valuable opportunity for an Investor, Developer or end user to acquire a boutique mixed use building right in the heart of Rogers Park.
  • Great visibility and very high traffic at this location - 26,700 Vehicles Per Day on Devon, Very heavy pedestrian traffic, Very vibrant retail area.
  • On the first floor, There is a 3300 SQ FT Very busy Retail Bakery in operation, The Bakery features a Fantastic business location with great signage
  • On floors two and three there are 2-1bed-1ba units, 2-2Bed 1 Bath units, 3-3Bed 1 Bath units.

OVERVIEW

Very rare offering, This great 3 story, 7 Unit commercial mixed-use building is for sale at 2944 W Devon. The building features a Classic facade. Building is 8975 SQ FT, Land Site is approx. 6250 SQ FT, B1-2 Zoning. Valuable opportunity for an Investor, Developer or end user to acquire a boutique mixed use building right in the heart of Rogers Park. Not to mention Great visibility and very high traffic at this location - 26,700 Vehicles Per Day on Devon, On the first floor, There is a 3300 SQ FT Very busy Retail Bakery in operation, The Bakery features a Fantastic business location with great signage visibility. Very heavy pedestrian traffic, Very vibrant retail area. On floors two and three there are 2-1bed-1ba units, 2-2Bed 1 Bath units, 3-3Bed 1 Bath units. Rear parking lot with 2 spaces, Close to area expressways and Public transportation options include CTA Bus Stops along Devon Avenue. This property is surrounded by retail and restaurants. Area retailers include, Dunkin, city fresh market, Anmol barbeque, Dollar tree, Delhi Darbar Kabab House, Kol Tuv Kosher Foods, Rosens Morse view Pharmacy, The Turnkey Bakery is also for sale for $400,000. Price is negotiable, Please note; Ownership will listen to all offers within reason. Do not bother tenants, Please call listing agent for a showing.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

7

PRICE/UNIT

$228,571

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B1-2

APN/PARCEL ID

10-36-324-020-0000

ASK ABOUT THIS PROPERTY

Mike Levin@ Properties CommercialMore Info
847-977-5389

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Mike Levin@ Properties CommercialMore Info
847-977-5389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.