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    2944 W Devon Ave Chicago, IL 60659

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    For Sale
    $1,600,000

    Three-story mixed-use building with retail and residential units for sale.

    Property size:
    8,975 SF
    Lot size:
    0.14 Acres

    Property Features for 2944 W Devon Ave

    General Information

    Size
    8,975 SF
    Lot size
    0.14 Acres

    Source: @Properties | Chicago (North) Agent Michael Levin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Rogers Park

    This three-story mixed-use building is located at 2944 W Devon, in the heart of Rogers Park. The building has a classic facade and a total area of 8975 square feet, situated on a land site of approximately 6250 square feet with B1-2 zoning. The location offers great visibility and high traffic, with approximately 26,700 vehicles per day on Devon Avenue. The first floor features a 3300 square foot retail bakery, benefiting from heavy pedestrian traffic and a vibrant retail area. The upper floors contain a mix of residential units, including two 1-bedroom, 1-bathroom units, two 2-bedroom, 1-bathroom units, and three 3-bedroom, 1-bathroom units. The property includes a rear parking lot with 2 spaces. It is close to area expressways and CTA bus stops along Devon Avenue. The surrounding area is populated with various retail stores and restaurants, including Dunkin, City Fresh Market, and Dollar Tree. This property presents a valuable opportunity for investors, developers, or end-users looking to acquire a boutique mixed-use building.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tel-Aviv Kosher Bakery Bakery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office 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
    -87.7038797
    Latitude
    41.9977061

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    FAQs

    What type of property is this?
    Mixed-use property - Three-story mixed-use building with retail and residential units for sale.
    Where is this mixed-use property located?
    The property is located at 2944 W Devon Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - High-traffic location on Devon Avenue with excellent visibility (26,700 vehicles per day).; - Mixed-use building featuring a 3300 SQ FT retail bakery on the first floor.; - Significant size: 8975 SQ FT building on a 6250 SQ FT land site.
    (773) 772-0200
    Request Owner's contact information
    2944 W Devon Ave Chicago, IL 60659
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    Chicago, IL 60659
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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
    2944 W Devon Ave Chicago, IL 60659
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