Skip to main content

Mixed-Use

2735 W Devon Ave

2735 W Devon Ave, Chicago, IL 60659

Listing Price: $2,725,000

Cap Rate
6.29%
Number of Units
9
Occupancy
95.0%
Price/Unit
$302,778
Price/Gross SF
$187.29
Gross SF
14,550

Investment Overview

Marcus & Millichap is pleased to present this mixed-use real estate opportunity in the West Rogers Park neighborhood of Chicago. The subject property of 2735 West Devon Avenue is located 11.4 miles north of the Chicago Loop, 2.6 miles east of the I-94 Edens Expressway, 0.8 miles southwest of Warren Lawrence Park, and 500 feet from the Chicago Transit Authority's (CTA) California and Devon Avenue bus 93 and 155 stops. The unit mix for the subject property consists of ten first and second floor retail suites that measure from 400 to 1,500 square feet, one studio one-bathroom unit that measures 500 square feet, six one-bedroom / one-bathroom units that measure 700 square feet, and two two-bedroom / one-bathroom units that each measure 900 square feet. West Rogers Park is one of the most economically and culturally diverse communities, not only in Chicago, but in the entire United States. In fact, more than 80 languages are spoken in the neighborhood. Located at the far northeast corner of the city, approximately eleven miles north of Chicago's central business district known as "The Loop," West Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA "L" stops at Loyola, Morse, Jarvis, and Howard; one Metra stop at Lunt Avenue; five bus lines; and the Howard Bus and "L" terminal, which is the staging point for north suburban travel. An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to cash flow the property.

Investment Highlights

  • West Rogers Park Location
  • Recently Renovated Apartment Units
  • Attractive Unit Mix
  • Walking Distance to CTA Transportation
  • Tenant-Heated Units

Exclusively Listed By

Mixed-Use

2735 W Devon Ave

Listing Price: $2,725,000

Cap Rate
6.29%
Number of Units
9
Occupancy
95.0%
Price/Unit
$302,778
Price/Gross SF
$187.29
Gross SF
14,550

Investment Highlights

  • West Rogers Park Location
  • Recently Renovated Apartment Units
  • Attractive Unit Mix
  • Walking Distance to CTA Transportation
  • Tenant-Heated Units

Investment Overview

Marcus & Millichap is pleased to present this mixed-use real estate opportunity in the West Rogers Park neighborhood of Chicago. The subject property of 2735 West Devon Avenue is located 11.4 miles north of the Chicago Loop, 2.6 miles east of the I-94 Edens Expressway, 0.8 miles southwest of Warren Lawrence Park, and 500 feet from the Chicago Transit Authority's (CTA) California and Devon Avenue bus 93 and 155 stops. The unit mix for the subject property consists of ten first and second floor retail suites that measure from 400 to 1,500 square feet, one studio one-bathroom unit that measures 500 square feet, six one-bedroom / one-bathroom units that measure 700 square feet, and two two-bedroom / one-bathroom units that each measure 900 square feet. West Rogers Park is one of the most economically and culturally diverse communities, not only in Chicago, but in the entire United States. In fact, more than 80 languages are spoken in the neighborhood. Located at the far northeast corner of the city, approximately eleven miles north of Chicago's central business district known as "The Loop," West Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA "L" stops at Loyola, Morse, Jarvis, and Howard; one Metra stop at Lunt Avenue; five bus lines; and the Howard Bus and "L" terminal, which is the staging point for north suburban travel. An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to cash flow the property.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower