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    1622 W Devon Ave Chicago, IL 60660

    New
    Under Contract
    For Sale
    $599,900

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    4,197 SF
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 1622 W Devon Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    11314200100000
    Size
    4,197 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1906
    Number of units
    3
    Architectural style
    Other

    Dream Town Realty (312) 265-8000 [email protected]

    Listing agent Martin Winefield (312) 265-8000 License #475146973

    Listing date Dec 3, 2025

    MLS# 12506722 Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Property Near Loyola University

    This mixed-use property, previously owner-used for 26 years, features a first-floor commercial space with access to an unfinished basement that includes a washer and recently purchased dryer. The commercial space includes a large window display storefront, reception area, conference/training room, four offices, two half bathrooms, and a kitchenette. The second floor contains a 2-bedroom plus den, 1-bathroom apartment featuring a mantel, hardwood floors, and a designated dining room. The unit has two separate entryways, one leading to the rooftop, which has the potential to add a deck. An attached two-story coach-house offers two separate living spaces, each with a full kitchen, one bedroom, and one bathroom. The owner has upgraded the roof and electrical systems and has completed a rehab of the coach house. Located at the Clark & Devon intersection, the property is surrounded by shops, restaurants, and conveniences. It is situated minutes away from Loyola University, the lakefront, and the Andersonville Shopping Strip. The property, with a size of 4197 square feet, is suitable for an owner-user or as an investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chicago Center For Psyco Acupuncture Clinic Chicago Center for Psychophysical ... Acupuncturist Transformational Techniques Alternative Medicine Practitioner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6716709
    Latitude
    41.9983248

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential units near Loyola.
    Where is this mixed-use property located?
    The property is located at 1622 W Devon Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Mixed-use property, great for owner-user or investment; - Two-story coach house with **two separate living spaces**, each with a full kitchen, 1 bedroom, and 1 bath; - Second-floor apartment features 2 bedrooms plus a den, hardwood floors, a designated dining room, and rooftop access with deck potential
    (312) 265-8000
    Request Owner's contact information
    1622 W Devon Ave Chicago, IL 60660
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    Chicago, IL 60660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1622 W Devon Ave Chicago, IL 60660
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