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Two-Storefront Mixed-Use Building
For Sale
$549,900

1523 W Devon Ave, Chicago, IL 60660

Fully leased property combines ground-floor commercial space with two apartments and rear parking.

Property SizeContact for details
Days on Market45

Property Features for 1523 W Devon Ave

General Information

Standard status Active
Total Parking Spaces 2
Occupancy 100%

Building Details

Year Built 1901
Tenancy Multi
Listing Agency: Compass
Listed By: Amy Duong, Trung Duong · License #471005863
Source: Bktchicago
Added: Jul 18 Changed: Aug 29 Last Checked: Aug 30 at 7:13PM

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.

Built in 1901, this mixed-use property includes two storefronts at street level and two apartments on the floor above. The building is fully rented, and occupants handle their own utilities. Two rear parking spaces are included with the property.

The building is located at 1523 W Devon Avenue in Chicago, near the lakefront and Loyola University. Its combination of commercial frontage, residential units, and existing occupancy creates a straightforward mixed-use configuration for an investor or operator.

Key Highlights

  • Two storefronts with two apartments above
  • Fully rented mixed‑use 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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,494
Businesses Nearby
153k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 70% Shops & Services 28% Electronics 2% Apparel 1%
McDonald's Dining
28,639 visits/mo 0.5 miles
McDonald's Dining
17,391 visits/mo 0.4 miles
Dunkin' Donuts Dining
12,163 visits/mo 0.4 miles
Starbucks Dining
11,282 visits/mo 0.4 miles
White Castle Dining
10,202 visits/mo 0.5 miles

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 Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully leased property combines ground-floor commercial space with two apartments and rear parking.
Where is this mixed-use property located?
The property is located at 1523 W Devon Ave Chicago, IL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two storefronts with two apartments above; Fully rented mixed‑use building; Two rear parking spaces
More about this property
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