2944 W Devon Avenue
Chicago, IL, 60659 $ 1,600,000
Bedrooms-- Baths-- Sq 8,975 Monthly Estimate*
$ 9,982
for $1,600,000. This 8,975 square foot building was built in 1970 on a lot size of 0.14348.
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.
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FeaturesGeneralCooling Wall Sleeve
Utilities Electricity Available Natural Gas Available Sewer Connected Water Available
Possession Closing Immediate
Roof Membrane
Zoning COMMR
Construction Materials Brick
Year Built 1970
Electric Circuit Breakers
Tenant Pays Electricity Varies by Tenant
Stories Count 3
Property Subtype Mixed Use
Tax Year 2022
Current Use Commercial
Gross Income 141000
County Cook
Net Operating Income 120000
Operating Expense 21000
Insurance Expense 12000
Property Type Commercial Sale Mixed Use
Possible Use Commercial Multi-Family Retail
Status Active
Directions McCormick to devon east to address
City Chicago
Number Of Units Total 8
MLS Area CHI - West Ridge
Lot Size Square Feet 6250
Tax Annual Amount 12286
Electric Expense 2000
Fuel Expense 3000
Trash Expense 672
Water Sewer Expense 1500
Additional Parcels Y/N N
Standard Status Active
Cap Rate 7.5
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ExteriorWater Source Community Water Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 8975
Lot Dimensions 50X125
Frontage Type City Street Public Road State Road
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* Excluded FeaturesList By@Properties CommercialBroker
mikelevin@atproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,982
- Monthly Property Taxes
- $1,024
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $987,651
Percent of Sale Price 38%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/16/2024 | $1,600,000 | | Listed Price |