5500-5518 W Devon Avenue Chicago, IL ^$ 1,900,000

5500-5518 W Devon Avenue

^$ 1,900,000

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5500-5518 W Devon Avenue

Chicago, IL, 60646

^$ 1,900,000

Bedrooms-- Baths-- Sq 13,859

Monthly Estimate*

^$ 11,854

5500-5518 W Devon Avenue, Chicago, IL 60646 - Image 1

5500-5518 W Devon Avenue, Chicago, IL 60646 - Image 2

5500-5518 W Devon Avenue, Chicago, IL 60646 - Image 3

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5500-5518 W Devon Avenue, Chicago, IL 60646 - Image 5

5500-5518 W Devon Avenue, Chicago, IL 60646 - Image 6

5500-5518 W Devon Avenue, Chicago, IL 60646 - Image 7

Commercial Property for sale in Chicago, IL

for $1,900,000. This 13,859 square foot building was built in 1944 on a lot size of 0.590611.

Rare Investment Opportunity-Prime Mixed-Use Property on Three Avenues in Chicago ! An exceptional and truly unique offering in the heart of Chicago! This outstanding, once in a lifetime property spans three streets and features 14 fully leased mixed-use storefronts along with one well maintained residential apartment. Meticulously cared for over the years, this gem boasts strong, long-term tenants, excellent rental income, and incredible visibility and accessibility. Opportunities like this dont come around often- a solid investment with built-in value and future upside. Whether you're looking to expand your portfolio or secure a trophy asset, this property offers a partner-for-life potential. Don't miss out-properties like this are one in a million !

Commercial Contingent

Price

^$ 1,900,000

Property Type

Commercial

Taxes

^$ 56,758

Style

Commercial

Lot Size

0.590611

Year Built

1944

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12298753

Features

General

Cooling Central Individual

Zoning COMMR

Construction Materials Brick

Year Built 1944

Electric Circuit Breakers

Tenant Pays Electricity Heat Sewer

Stories Count 2

Property Subtype Mixed Use

Tax Year 2023

Current Use Commercial

Gross Income 0

County Cook

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Contingency Attorney/Inspection

Possible Use Commercial Retail

Status Contingent

Directions West Devon meets Caldwell and Lehigh corners.

City Chicago

Number Of Units Total 18

MLS Area CHI - Edgewater

Lot Size Square Feet 25727

Tax Annual Amount 56758

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N Y

Standard Status Active Under Contract

Exterior

Building Area Total 13859

Lot Dimensions 25727

* Excluded Features

List By

Brokerocity Inc

Broker

realtygus@gmail.com

Affordability Calculator

$16,583

Per Month

Monthly Principal & Interest: $11,854
Monthly Property Taxes: $4,730
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$1,035,064

Percent of Sale Price 46%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/11/2025	$1,900,000		Listed Price

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5500-5518 W Devon Avenue, Chicago, IL, 60646 is a Commercial Property for sale at $1,900,000 with 13,859 sqft and a lot size of 0.590611. 5500-5518 W Devon Avenue was built in 1944. The property's zip code is 60646 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/11/2025.

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5500-5518 W Devon Avenue

Commercial Property for sale in Chicago, IL

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