Chicago, IL 60646 5304 W Devon Avenue

5304 W Devon Avenue Chicago, IL - Image 15304 W Devon Avenue Chicago, IL - Image 25304 W Devon Avenue Chicago, IL - Image 3
11 more
5304 W Devon Avenue Chicago, IL - Image 45304 W Devon Avenue Chicago, IL - Image 55304 W Devon Avenue Chicago, IL - Image 65304 W Devon Avenue Chicago, IL - Image 75304 W Devon Avenue Chicago, IL - Image 85304 W Devon Avenue Chicago, IL - Image 95304 W Devon Avenue Chicago, IL - Image 105304 W Devon Avenue Chicago, IL - Image 115304 W Devon Avenue Chicago, IL - Image 125304 W Devon Avenue Chicago, IL - Image 135304 W Devon Avenue Chicago, IL - Image 145304 W Devon Avenue Chicago, IL - Image 15
Presented By: Compass
  • MLS# 12307014
  • 03/07/2025
  • Request Tour
  • Request Info
  • SQFT • 2,300

Home Details

Exceptional hands-off investment opportunity in a prime location within Downtown Edgebrook! This property features a 5-year NN+ lease with 2% annual escalations and no landlord property responsibilities, providing a hassle-free ownership experience. The offering is secured by successful operators with two personal guarantees. Additionally, approximately $125,000 worth of restaurant equipment assets currently being used by the tenant, but owned by the landlord, will be transferred with the sale. The building underwent a complete renovation in 2020, with significant upgrades to both the inside and out including the roof, HVAC systems, kitchen exhaust fans, MAU units, walk-in coolers and freezer, and tankless water heaters. The property is ideally located in a high retail trade corridor with exceptional visibility and accessibility. Situated just 0.2 miles from the Edgebrook Metra Station and having a daily combined traffic count of 70,000+, this location benefits from both high foot and vehicular traffic. Don't miss this turn-key investment opportunity in a thriving community!
Presented By: Compass

Interior Features for 5304 W Devon Avenue

Other Interior Features

FlooringTile, Wood

General for 5304 W Devon Avenue

Additional Parcels Y/NNo
Cap Rate7.2
CityChicago
Construction MaterialsBrick, Block
CoolingCentral Air
CountyCook
DirectionsJust East of Intersection of Devon & Caldwell
ElectricCircuit Breakers
Gross Income72000
Leasable Area2300
Lease TypeNet
Lot Size Square Feet2967
MLS AreaCHI - Forest Glen
ModificationTimestamp2025-05-05T05:07:08.360Z
Net Operating Income54114
Number Of Units Total1
Property SubtypeRestaurant
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount17886
Tax Year2023
Tenant PaysAir Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Insurance, Repairs, Roof, Scavenger, Structure, Sewer
TownshipJefferson
UtilitiesElectricity Available, Natural Gas Available, Sewer Connected, Water Available
Virtual TourClick here
Year Built1964
ZoningCOMMR

Exterior for 5304 W Devon Avenue

Building Area Total2300
Frontage TypeCity Street, Alley Access
Lot Dimensions25 X 114

Additional Details

Price History

Client Care

Price $650,000
MLS#12307014
List Date 03/07/2025
Property Type Commercial
Phone 847.485.2500
Request Tour
Request Info
Visit My Website

Similar Properties to 5304 W Devon Avenue