List Search

2944 W Devon Ave
Chicago, IL 60659 West Rogers Park

$1,600,000 USD

Apartments For Sale  •  8,975 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,975 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1950
  • Cap Rate 7.50 %
  • Zoning B1-2
58 Transit Score
90 Walk Score

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.

Financial Summary (Actual)

Net Operating Income: $120,000 USD (2023)
Cap Rate: 7.50 %
Total Expenses: $21,000 USD

Public Transportation

Commuter RailDriveWalkDistance
Peterson/Ridge (Union Pacific North - Metra) 3 min - 1.9 mi
Rogers Park Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 2.5 mi
AirportDriveWalkDistance
Chicago O'Hare International 21 min - 11.5 mi
Chicago Midway International 31 min - 16.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
Mike Levin 847-977-5389 @ Properties Commercial
Mike Levin 847-977-5389 @ Properties Commercial