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Mixed-Use Property with Retail
For Sale
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1511-1519 W Devon Ave, Chicago, IL 60660

Two-level configuration combines ground-floor retail with three apartments above.

Property SizeContact for details
Lot Size0.32 Acres
Days on Market143

Property Features for 1511-1519 W Devon Ave

General Information

Standard status Active
Lot size 0.32 Acres
Property subtype Mixed Use, Multifamily, Retail
Zoning B1-1

Additional Details

Asking Price $1,799,000
Land Use retail, residential

Building Details

Buildings 1
Stories 2
Tenancy Multi
Listing Agency: KW Commercial Chicago - Lincoln Park
Listed By: Tony Hardy · License #IL 475.139834
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:47PM

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 KW Commercial Chicago - Lincoln Park

Investment Insights

Based on property information with market context.

Located at 1511-1519 W Devon Ave in Chicago’s Edgewater neighborhood, this mixed-use property combines commercial and residential components in a two-level configuration. Retail occupies the first floor, while the second floor contains three apartments, creating a combination of storefront and residential space within the existing improvements.

The property encompasses 14,125 SF of land and is zoned B1-1. It is being offered in as-is condition, allowing the next owner to evaluate the existing layout alongside potential redevelopment plans supported by the site’s mixed-use character. The address is in Chicago, IL 60660.

Key Highlights

  • Mixed‑use configuration with first‑floor retail and 3 second‑floor apartments
  • 14,125 SF land area
  • B1‑1 zoning

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm HVAC Service Catering Service Building Supply Home Appliance Store Auto Parts 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.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,494
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?
Mixed-use property - Two-level configuration combines ground-floor retail with three apartments above.
Where is this mixed-use property located?
The property is located at 1511-1519 W Devon Ave Chicago, IL.
What are key features of this property?
This property features: Mixed‑use configuration with first‑floor retail and 3 second‑floor apartments; 14,125 SF land area; B1‑1 zoning
(773) 946-8816 Call to check price and availability
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