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Mixed-Use Building with Storefronts
For Sale
$549,900
Pending

1523 W Devon Avenue, Chicago, IL 60660

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.06 Acres
Days on Market137

Property Features for 1523 W Devon Avenue

General Information

Property type Commercial Sale
Property subtype Other
Directions go north on Clark, turn right on to Devon
Subdivision CHI - Edgewater
Standard status Pending
APN 14051000150000
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 9041

Utilities

Cooling system Central Air

Building Details

Year built 1901
Floors in Building 2
Number of units 4
Building materials Brick, Wood
Listing Agency: Compass
Listed By: Amy Duong · License #471005863
Added: Apr 23 Changed: Aug 26 Last Checked: Sep 6 at 5:06AM
MLS# 12628610

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use building combines two storefronts with two apartments positioned above the commercial spaces. The property is fully rented, and residential tenants are responsible for their own utilities. Construction includes brick and wood, with Central Air serving the building.

The property is located at 1523 W Devon Avenue in Chicago, near the lakefront and Loyola University. Two rear parking spaces are included. Built in 1901, the building occupies a 0.0649-acre lot and offers a combination of commercial and residential occupancy within one property.

Key Highlights

  • Two storefronts with two apartments above the commercial spaces
  • Fully rented building with tenants responsible for their own utilities
  • Two rear parking spaces included

Property Analytics

Current Use

Smitty’s Barber Shop Barber Shop ParkChicago #486111 Parking Lot & Garage Style Zone Pop-up ... Hair Salon

Suggested Use

Top Pick Law Firm HVAC Service Catering Service Building Supply Auto Parts Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,494
Businesses Nearby
153k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 70% Shops & Services 28% Electronics 2% Apparel 1%
McDonald's Dining
28,639 visits/mo 0.5 miles
McDonald's Dining
17,391 visits/mo 0.4 miles
Dunkin' Donuts Dining
12,163 visits/mo 0.4 miles
Starbucks Dining
11,282 visits/mo 0.4 miles
White Castle Dining
10,202 visits/mo 0.5 miles

Demographics for 60660, IL

42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two apartments accompany commercial space in a fully rented building with rear parking.
Where is this mixed-use property located?
The property is located at 1523 W Devon Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two storefronts with two apartments above the commercial spaces; Fully rented building with tenants responsible for their own utilities; Two rear parking spaces included
More about this property
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