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11-Unit Mixed-Use Apartment Building
For Sale
Contact for pricing
Pending

1244 W Devon Ave, Chicago, IL 60660

Residential units feature modern finishes, multiple bathrooms, in-unit laundry, and individual HVAC systems.

Property SizeContact for details
Days on Market145

Property Features for 1244 W Devon Ave

General Information

Standard status Pending
Property subtype Multifamily

Amenities

in-unit laundry

Building Details

Year Built 2016
Listing Agency: Kiser Group
Listed By: Jacob Parker · License #IL 475172661
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 7:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group

Investment Insights

Based on property information with market context.

Located at 1244 W Devon Ave, this 11-unit mixed-use apartment building was constructed in 2016. The residential units are conventionally leased and feature modern finishes, multiple bathrooms, in-unit laundry, and in-unit HVAC. Nearly all apartments are leased by students, with parents serving as lease co-signors, and the property has recorded zero historical vacancy.

The building is two blocks from Loyola University Campus. Its commercial component is occupied by GoPuff under a full NNN lease, adding an established retail component to the residential configuration. The property combines apartment units with commercial space in a single building and is part of the Devon Collection, which includes 1325 W Devon.

Key Highlights

  • 11‑unit mixed‑use building constructed in 2016
  • Two blocks from Loyola University Campus
  • Commercial space occupied by GoPuff under a full NNN lease

Property Analytics

Current Use

The 1244 Apartments Apartment Building

Suggested Use

Top Pick Law Firm Auto Parts Store HVAC Service Skin Care Clinic Building Supply Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

2,628
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Residential units feature modern finishes, multiple bathrooms, in-unit laundry, and individual HVAC systems.
Where is this apartment building located?
The property is located at 1244 W Devon Ave Chicago, IL.
What are key features of this property?
This property features: 11‑unit mixed‑use building constructed in 2016; Two blocks from Loyola University Campus; Commercial space occupied by GoPuff under a full NNN lease
More about this property
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