Chicago, IL 60646 5304 W Devon Avenue
$650,000



11 more












Presented By: Compass
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
