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    5500-5518 W Devon Ave Chicago, IL 60646

    Under Contract
    For Sale
    $1,900,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    13,859 SF
    Days on Market:
    186
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 5500-5518 W Devon Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    10333250150000
    Size
    13,859 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1944
    Number of units
    18
    Architectural style
    Other

    Brokerocity Inc. (847) 984-9500 [email protected]

    Listing agent Gus Romas (847) 984-9500 License #475202532

    Listing date Jun 12, 2025

    MLS# 12298753 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

    Chicago Mixed-Use Investment Opportunity

    This mixed-use property in Chicago features 14 fully leased storefronts and one residential apartment. The property has been meticulously cared for and offers strong, long-term tenants, excellent rental income, and high visibility and accessibility. This property spans three streets and is located in the heart of Chicago.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.76602
    Latitude
    41.9975168

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    FAQs

    What type of property is this?
    Mixed-use property - Prime mixed-use property with 14 storefronts and one apartment.
    Where is this mixed-use property located?
    The property is located at 5500-5518 W Devon Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Prime mixed-use property spanning three avenues in Chicago.; - Features 14 fully leased storefronts.; - Includes one well-maintained residential apartment.
    (847) 984-9500
    Request Owner's contact information
    5500-5518 W Devon Ave Chicago, IL 60646
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    Chicago, IL 60646
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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
    5500-5518 W Devon Ave Chicago, IL 60646
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