Investment Overview

Marcus & Millichap is pleased to present 604 Devon Avenue, a well-maintained mixed-use investment opportunity in Park Ridge, Illinois. This property features 18 residential apartments and eight commercial units, offering a diversified income stream in a highly desirable suburban location, on the corner of Devon and Talcott. The residential portion consists of one studio, eight one-bedroom, and nine two bedroom, one-bathroom apartments, featuring hardwood floors, spacious living and dining areas, and well-appointed kitchens, making them attractive to tenants. Several units have undergone recent renovations, enhancing interior finishes and overall tenant appeal. The building has also benefited from major capital improvements, including recent tuckpointing as well as newly renovated units, ensuring long-term value and reduced maintenance costs. The eight commercial units are fully leased to three established tenants, all under lease agreements extending through 2031, ensuring long-term stability and predictable rental income: • Ash & Willow Salon Beauty Apothecary occupies four retail spaces, serving as a strong anchor tenant. • Back To Your True Nature, Inc., a wellness-focused business, occupies one retail space. • Renata’s Organic Skin, a premium organic skincare provider, occupies three retail spaces. The subject property boasts prime accessibility—it is within walking distance of the Park Ridge Metra station, offering a convenient commute to downtown Chicago. Additionally, it is near the Cumberland CTA Blue Line station, providing tenants with multiple public transportation options. The property is also easily accessible from I-90/Kennedy Expressway, ensuring a seamless commute to Chicago and surrounding employment hubs.