Chicago, IL 60638 1539 W Devon Avenue
$2,999,999
Presented By: Chicago Real Estate Authority
SQFT • 6,520
Home Details
A NEWLY RENOVATED & MASTER-LEASED 14-UNIT, MIXED-USE PROPERTY IN CHICAGO'S HIGHLY DESIREABLE EDGEWATER/ROGERS PARK NEIGHBORHOOD! 1539 W. Devon delivers an economically productive real estate investment with low management intensity, while simultaneously delivering crucial social services and much needed affordable housing! Offered privately upon completion 1539 W. Devon represents the epitome of the elusive 'arm-chair' investment. Located just a short walk to Loyola University, three major CTA Bus lines (#155 Devon, #22 Clark & #49 Broadway) and the Loyola Red Line and Peterson/Ridge Metra stops are each 12 minutes away. Estimated completion date: August 2025
Presented By: Chicago Real Estate Authority
Interior Features for 1539 W Devon Avenue
Other Interior Features
FlooringConcrete, Vinyl
General for 1539 W Devon Avenue
Additional Parcels Y/NNo
Cap Rate8
CityChicago
Construction MaterialsBrick
CoolingCentral Air, Central Individual
CountyCook
DirectionsDevon Ave. East or West to subject
ElectricCircuit Breakers, Service - 201 to 600 Amps
Electric Expense5000
Fuel Expense15000
Gross Income284184
Insurance Expense7500
Lease TypeModified Gross
Lot Size Square Feet3545
MLS AreaCHI - Edgewater
ModificationTimestamp2025-08-02T05:06:03.104Z
Net Operating Income233007
Number Of Units Total14
Operating Expense51177
PossessionClosing
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
RoofMembrane
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount5250
Tax Year2023
Tenant PaysCommon Area Maintenance, Electricity, Heat, Janitorial Service
TownshipStickney
Trash Expense2500
Water Sewer Expense7500
Year Built1920
ZoningCOMMR
Exterior for 1539 W Devon Avenue
Building Area Total6520
Lot Dimensions31.5 X 112.5
Additional Details
Price History
