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Mixed-Use Building with Apartments
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1523 W Devon Avenue, Chicago, IL 60660

Two commercial fronts sit below residential units, with rear parking and existing occupancy.

Property SizeContact for details
Days on Market113

Property Features for 1523 W Devon Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Commercial
Occupancy 100%

Additional Details

Utilities to Site Yes
Office Units 2

Taxes and HOA fees

Annual Taxes $9,040

Building Details

Year Built 1901
Stories 2
Units 4
Tenancy Multi
Listing Agency: Compass
Listed By: Amy Duong · License #471005863
Source: Perillorealestategroup
Added: Apr 23 Changed: Aug 4 Last Checked: Aug 12 at 1:21PM

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 Compass

Investment Insights

Based on property information with market context.

Located at 1523 W Devon Avenue in Chicago, this 1901 mixed-use building combines two storefronts with two apartments positioned above the commercial spaces. The property provides both retail or office-oriented frontage and residential units within the same structure.

Tenants are responsible for their own utilities, and two parking spaces are situated at the rear. The building is fully rented and located near the lakefront and Loyola University, providing an established setting for its existing commercial and residential occupancy.

Key Highlights

  • Two storefronts with two apartments above
  • Fully rented building
  • Two rear parking spaces

Property Analytics

Current Use

Smitty’s Barber Shop Barber Shop ParkChicago #486111 Parking Lot & Garage Style Zone Pop-up ... Hair Salon

Suggested Use

Top Pick Law Firm HVAC Service Catering Service Building Supply Auto Parts Store Locksmith

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

2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,510
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 Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial fronts sit below residential units, with rear parking and existing occupancy.
Where is this mixed-use property located?
The property is located at 1523 W Devon Avenue Chicago, IL.
What are key features of this property?
This property features: Two storefronts with two apartments above; Fully rented building; Two rear parking spaces
More about this property
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