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3-Story Mixed-Use Retail Building
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2944 W Devon Ave, Chicago, IL 60645

Multi-tenant mixed-use building with ground-floor retail bakery and upper-floor residential units, plus rear parking.

Property Size8,975 SF
Lot Size0.14 Acres
Price / SF$144.85
Days on Market601

Property Features for 2944 W Devon Ave

General Information

Standard status Active
Size 8,975 SF
Total Parking Spaces 2
Lot size 0.14 Acres
Property subtype RETAIL
Zoning B1-2

Site & Location

Traffic Count 26,700 vehicles/day
Highway Access Yes

Additional Details

Multifamily Units 7

Building Details

Stories 3
Tenancy Multi
Listing Agency: @Properties | Chicago (North)
Listed By: Michael Levin
Source: Moodyscre
Added: Dec 17, 2024 Changed: Jul 25 Last Checked: Jul 25 at 2:32AM

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 @Properties | Chicago (North)

Investment Insights

Based on property information with market context.

This 3-story mixed-use building includes 7 total units with retail space on the first floor and residential apartments on floors two and three. The ground-floor component is a 3,300-square-foot retail bakery in operation. The upper levels include 2 one-bedroom, one-bath units and 2 two-bedroom, one-bath units, along with 3 three-bedroom, one-bath units.

The property is located at 2944 W Devon Ave in Chicago and is described as having strong visibility and heavy traffic along Devon Avenue, with public transportation available via CTA bus stops along Devon Avenue. There is a rear parking lot with two spaces, and the building is noted as being surrounded by retail and restaurants.

The asset is identified as B1-2 zoned and totals 8,975 square feet, with a site area of approximately 6,250 square feet.

Key Highlights

  • 3‑story, 7‑unit commercial mixed‑use building at 2944 W Devon with classic facade
  • Total building size 8,975 SF on an approx. 6,250 SF land site; B1‑2 zoning
  • Ground‑floor retail bakery business space totals 3,300 SF and is in operation

Property Analytics

Current Use

Tel-Aviv Kosher Bakery Bakery

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Skin Care Clinic Florist Veterinary Clinic Restaurant

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

Lease Details

7
Residential units
26,700 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,578
Businesses Nearby

Demographics for 60645, IL

48,356
Population
18,143
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
21,980
Density / Sq Mi
$77,126
Median Household Income
$40,666
Median Earnings
$1,424
Median Rent
$308,200
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?
Mixed-use property - Multi-tenant mixed-use building with ground-floor retail bakery and upper-floor residential units, plus rear parking.
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 $1,300,000.
What are key features of this property?
This property features: 3‑story, 7‑unit commercial mixed‑use building at 2944 W Devon with classic facade; Total building size 8,975 SF on an approx. 6,250 SF land site; B1‑2 zoning; Ground‑floor retail bakery business space totals 3,300 SF and is in operation
(773) 772-0200 Call to check price and availability
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