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Retail Building with Apartments
For Sale
$549,900

1523 W Devon Avenue, Chicago, IL 60660

COMMERCIAL - Chicago, IL

Property SizeContact for details
Lot Size0.06 Acres
Days on Market113

Property Features for 1523 W Devon Avenue

General Information

Property type Commercial Sale
Property subtype Other
Directions go north on Clark, turn right on to Devon
Subdivision CHI - Edgewater
Standard status Active
APN 14051000150000
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 9041

Utilities

Cooling system Central Air

Building Details

Year built 1901
Floors in Building 2
Number of units 4
Building materials Brick, Wood
Listing Agency: Compass
Listed By: Amy Duong · License #471005863
Added: Apr 23 Changed: Aug 4 Last Checked: Aug 13 at 10:06AM
MLS# 12628610

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This retail building features two storefront units at street level and two apartments above. The property is described as fully rented, supporting income-producing occupancy. Tenants in the upper apartments are responsible for their own utilities. In addition, the building includes two rear parking spaces.

The property is located near the lakefront and Loyola University, at 1523 W Devon Avenue in Chicago, IL 60660.

For buyers or operators seeking a mixed-use setup, the existing configuration combines street-level retail space with residential units above, with parking provided in the rear.

Key Highlights

  • Two storefronts with two apartments above the commercial spaces
  • Fully rented building generating rental income
  • Tenants are responsible for their own utilities for the apartments

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

Location Intelligence

Trade Area within ½ mile

2,510
Businesses Nearby
Under-served
Demand for This Use

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
Rey
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Similar Off Market Nearby

  • Estrella's Creations Flowers Shop LLC 6753 N Clark St, Chicago, IL 60626
  • Philpot Roxanne 5701 N Sheridan Rd, Chicago, IL 60660

Frequently Asked Questions

What type of property is this?
Storefront property - Two storefronts with two apartments above, plus two rear parking spaces, with the building fully rented.
Where is this storefront property located?
The property is located at 1523 W Devon Avenue 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 the commercial spaces; Fully rented building generating rental income; Tenants are responsible for their own utilities for the apartments
More about this property
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