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5337 W Devon Avenue Chicago, IL $ 1,500,000
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5337 W Devon Avenue
$ 1,500,000
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5337 W Devon Avenue

Chicago, IL, 60646
$ 1,500,000
Bedrooms-- Baths-- Sq 10,683
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Property for Rent in Chicago, IL

for $1,500,000. This 10,683 square foot property was built in 1957 on a lot size of 0.36.

NEW PRICE -- MAJOR VALUE OPPORTUNITY: Prime Chicago Commercial Investment Opportunity: Edgebrook Market multi-tenant neighborhood retail strip center located at 5337-5353 W Devon Ave. Repriced to $1,500,000, this single-story commercial property features 7 highly visible units with one divisible vacant storefront. Investment Highlights:Immediate Value & Upside: Strong current cash flow with upside potential upon lease-up of the sole 2,400 SF vacancy (Suite 5347). Low-Management Structure: Fully operational with tenant expense pass-through arrangements that minimize landlord overhead. Favorable Zoning & Location: Robust B3-1 zoning supports a diversified, recession-resilient mix of long-standing service, fitness, and restaurant tenants. Corner lot with direct frontage on high-traffic Devon Ave, 14 dedicated parking spaces, and rear alley logistics access. Perfect for 1031-exchange or portfolio investors seeking verified potential in Edgebrook.

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Rental Active

Price

$ 1,500,000

Taxes

$ 98,688

Style

Retail

Lot Size

0.36

Year Built

1957

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12765763
Features
General
Cooling Central Individual
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Closing
Roof Membrane
Zoning COMMR
Construction Materials Brick Brick/Stone Msn Pred
Year Built 1957
Electric Separate Meters
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Taxes Insurance Repairs Scavenger
Stories Count 1
Township Jefferson
Tax Year 2024
Current Use Commercial
Gross Income 194138
Business Type Retail
Additional Parcels Description 13041020090000 13041020100000 13041020110000 13041020120000
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 83346
Operating Expense 97723
Insurance Expense 8661
Property Type Commercial Sale Retail/Stores
Status Active
Directions W Devon Ave between Caldwell Ave and Minnehaha Ave.
City Chicago
Number Of Units Total 7
MLS Area CHI - Forest Glen
Lot Size Square Feet 15681
Tax Annual Amount 98688.16
Ok to Lease Other
Additional Parcels Y/N Y
Leasable Area 2400
Lease Type Modified Gross
Standard Status Active
Cap Rate 4.76
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Interior
Flooring Varies
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 10683
Lot Dimensions 15681
Lot Size Acres 0.36
Frontage Type City Street Alley Access
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* Excluded Features
List By
Essex 312, Llc

Broker

Niko@nikocollab.com;niko@essex312.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/21/2026$1,500,000 Listed Price

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5337 W Devon Avenue, Chicago, IL, 60646 is a Property for Rent at $1,500,000 with 10,683 sqft and a lot size of 0.36. 5337 W Devon Avenue was built in 1957. The property's zip code is 60646 which is in Chicago, IL

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