Boutique Multifamily Building with
For Sale
Contact for pricing
1221 W Devon Ave, Chicago, IL 60660
Newer eight-unit building with fully leased street-level commercial space, rooftop access, elevator, balconies, and rear garage parking.
Property SizeContact for details
Days on Market122
Property Features for 1221 W Devon Ave
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
5
Amenities
elevator
communal rooftop space
front & rear balconies
Building Details
Year Built
2017
Listing Agency:
Essex Realty Group
(312) 935-1050
Listed By:
Steven Livaditis · License #IL
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 4:52PM
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 Essex Realty Group
Investment Insights
Based on property information with market context.
Offered for sale, this eight-unit newer-construction boutique building was delivered in 2017 and includes a mix of residential and commercial tenants. The residential component features three-story apartment floorplans with gourmet kitchens, modern bathrooms, individual HVAC units, domestic hot water tanks, and in-unit laundry. Building amenities include a common elevator and access to rooftop space, along with front and rear balconies. There are also four street-level commercial units near the intersection of Devon Ave. and Sheridan Rd., and the commercial space is fully leased.
The property is located in Chicago’s Edgewater neighborhood and centrally positioned within Edgewater and Rogers Park, with Loyola University’s Lakeshore Campus described as steps away. Four garage parking spaces are located at the rear of the property. The building has historically maintained 100% occupancy, with residential units leased primarily to Loyola University upper-classman students.
The unit mix consists of four four-bedroom/three-bath apartments, one two-bedroom/two-bath apartment, and three street-level commercial units, with all residential units featuring individual heating and hot water systems. The Red Line station is reported to be only two blocks from the property, supporting convenient access to downtown Chicago.
The property is located in Chicago’s Edgewater neighborhood and centrally positioned within Edgewater and Rogers Park, with Loyola University’s Lakeshore Campus described as steps away. Four garage parking spaces are located at the rear of the property. The building has historically maintained 100% occupancy, with residential units leased primarily to Loyola University upper-classman students.
The unit mix consists of four four-bedroom/three-bath apartments, one two-bedroom/two-bath apartment, and three street-level commercial units, with all residential units featuring individual heating and hot water systems. The Red Line station is reported to be only two blocks from the property, supporting convenient access to downtown Chicago.
Key Highlights
- Eight‑unit newer construction building delivered in 2017, with two- and four‑bedroom luxury apartments plus fully leased street‑level commercial space
- Unit mix: four 4‑bed/3‑bath residential units, one 2‑bed/2‑bath residential unit, and three street‑level commercial units
- Residential features include individual HVAC units, domestic hot water tanks, in‑unit laundry, gourmet kitchens, and modern bathrooms
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,628
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Newer eight-unit building with fully leased street-level commercial space, rooftop access, elevator, balconies, and rear garage parking.
Where is this apartment building located?
The property is located at 1221 W Devon Ave Chicago, IL.
What are key features of this property?
This property features: Eight‑unit newer construction building delivered in 2017, with two- and four‑bedroom luxury apartments plus fully leased street‑level commercial space; Unit mix: four 4‑bed/3‑bath residential units, one 2‑bed/2‑bath residential unit, and three street‑level commercial units; Residential features include individual HVAC units, domestic hot water tanks, in‑unit laundry, gourmet kitchens, and modern bathrooms
