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Two-Storefront Mixed-Use Property
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1523 W Devon Avenue, Chicago, IL 60660

Fully leased building combines commercial storefronts with residential apartments above.

Property SizeContact for details
Days on Market122

Property Features for 1523 W Devon Avenue

General Information

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

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: Allinonerealestateco
Added: Apr 23 Changed: Aug 21 Last Checked: Aug 21 at 1:30PM

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 building includes two storefronts at street level and two apartments positioned above the commercial spaces. The property is fully rented, with residential tenants responsible for their own utilities. Two rear parking spaces are included.

The building is located at 1523 W Devon Avenue in Chicago, near the lakefront and Loyola University. Its commercial component is suited to office-oriented local businesses, including insurance, accounting, and law practices, while the upper-level apartments provide a residential component within the same property.

Key Highlights

  • Two storefronts with two apartments above
  • Fully rented mixed‑use building
  • Two rear parking spaces included

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

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 - Fully leased building combines commercial storefronts with residential apartments above.
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 mixed‑use building; Two rear parking spaces included
More about this property
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