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25105984
25105985

2944 W Devon Avenue, Chicago, IL 60659 For Sale

@properties Commercial
Listed by @properties Commercial
$1,300,000
394 days on market
Updated 25 days ago

2944 W Devon Avenue

Details
APN 10363240200000
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront (+2)
Square Footage 8,975
Units 8
Cap Rate 7.50%
NOI $120,000
Occupancy 95%
Year Built 1970
Stories 3
Lot Size (SqFt) 6,250
Zoning COMMR

This great 3 story, 7 Unit commercial mixed-use building is for sale at 2944 W Devon.

Marketing description

Very rare offering, This great 3 story, 7 Unit commercial mixed-use building is for sale at 2944 W Devon. The building features a Classic facade. Building is 8975 SQ FT, Land Site is approx. 6250 SQ FT, B1-2 Zoning. Valuable opportunity for an Investor, Developer or end user to acquire a boutique mixed use building right in the heart of Rogers Park. Not to mention Great visibility and very high traffic at this location - 26,700 Vehicles Per Day on Devon, On the first floor, There is a 3300 SQ FT Very busy Retail Bakery in operation, The Bakery features a Fantastic business location with great signage visibility. Very heavy pedestrian traffic, Very vibrant retail area. On floors two and three there are 2-1bed-1ba units, 2-2Bed 1 Bath units, 3-3Bed 1 Bath units. Rear parking lot with 2 spaces, Close to area expressways and Public transportation options include CTA Bus Stops along Devon Avenue. This property is surrounded by retail and restaurants. Area retailers include, Dunkin, city fresh market, Anmol barbeque, Dollar tree, Delhi Darbar Kabab House, Kol Tuv Kosher Foods, Rosens Morse view Pharmacy, Price is negotiable, Please note; Ownership will listen to all offers within reason. Do not bother tenants, Please call listing agent for a showing.
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@properties Commercial
Listed by @properties Commercial

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

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DSCR
9.23%
Cap Rate
9.23%
ROI

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