Homes For Sale: USA Illinois Chicago 2309 W. Devon Ave
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$1,950,000 USD

2309 W. Devon Ave
Chicago, Illinois 60659
USA
Residential For Sale, Mixed Use
Sale price per sqm: 0
Shafeeq Khaja
CENTURY 21 Universal Real Estate
7300 N. Western Avenue,
Chicago, 60645, United States

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Remarks:

Located in the heart of Chicago's vibrant "Little India" business district along bustling Devon Avenue, this exceptional mixed use investment opportunity combines strong cash flow , a fully renovated property in one of the city's most recognized cultural corridors. This rare 50-foot frontage building features four oversized residential apartments plus an impressive approximately 5,000 sq. ft. state-of-the-art restaurant space at street level. Each residential unit is configure as a spacious 3-bedroom, 1-bath apartment, providing strong and stable rental income in a high-demand neighborhood. The commercial component is home to a beautifully built-out restaurant with extensive infrastructure and equipment included in the sale. The current ownership has invested more than $400,000 in capital improvements over the last two years, including substantial upgrades to plumbing and electrical systems, creatinga turn-key opportunity for an investor. This listing includes the real estate, restaurant fixtures and equipment. The restaurant featues a large open dining area, expansive commercial kitchen, seven wok burners, two deep fryers, walk-in freezer, walk-in cooler, commercial-grade dishwasher and additional professional kitchen equipment designed to support high-volume operations. Positioned in one of Chicago's most heavily trafficked retail and dining destinations, the property benefits from outstanding pedestrian visibility surrounded by well-established restaurants, retailers, grocery stores, and cultural attractions that draw visitors from across the Chicagoland area. With a reported NOI of approximately $128,853, this is a rare opportunity to acquire a stabilized mixed-use asset with significant upside potential in one of Chicago's most iconic commercial districts. Huge advantage is the low property taxes.

Features:

  • Year Built: 1928
  • Building age: Over 50 years old

Location:

2309 W. Devon Ave, Chicago, Illinois 60659, USA
Listed By CENTURY 21 Universal Real Estate

The Residential For Sale, Mixed Use located at 2309 W. Devon Ave, Chicago, Illinois 60659, USA is currently for sale. 2309 W. Devon Ave, Chicago, Illinois 60659, USA is listed for $1,950,000 USD. If the property located at 2309 W. Devon Ave, Chicago, Illinois 60659, USA isn't what you're looking for, search Illinois Real Estate to see other Homes For Sale in Chicago.

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