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2309 W Devon Avenue, Chicago, IL, 60659
Mixed-Use Building with Restaurant

2309 W Devon Avenue Chicago, IL 60659

For Sale
Contact for pricing

Mixed-use property with four 3-bedroom apartments and a street-level restaurant featuring extensive kitchen equipment.

Days on Market74

Property Features for 2309 W Devon Avenue

General Information

Standard status
Active
Property subtype
Mixed Use

Building Details

Year Built
1928
Listing Agency: CENTURY 21 Universal Real Estate
Listed By: Shafeeq Khaja · License #IL
Source: Crexi
Added: May 12 Changed: Jul 23 Last Checked: Jul 23 at 5:57PM

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 CENTURY 21 Universal Real Estate


Investment Insights

Based on property information with market context.

This mixed-use building offers street-level restaurant space plus four residential apartments. The residential component consists of four oversized 3-bedroom, 1-bath units. The restaurant is presented as substantially built out with an open dining area and a large commercial kitchen, including seven wok burners, two deep fryers, a walk-in freezer, a walk-in cooler, and a commercial-grade dishwasher, along with additional professional kitchen equipment that is included with the sale.

The property is located on W Devon Avenue in Chicago’s “Little India” business district. The building is described as having approximately 50 feet of frontage.

The current ownership reports investing more than $400,000 in capital improvements over the past two years, including upgrades to plumbing and electrical systems. The offering includes the real estate and the restaurant fixtures and equipment, and the remarks report approximately $128,853 in NOI.

Key Highlights

  • 1928 mixed‑use building with four residential apartments plus an approximately 5,000 SF street‑level restaurant space
  • Residential units: four oversized 3‑bedroom, 1‑bath apartments for consistent rental layout
  • Restaurant includes extensive equipment: 7 wok burners, 2 deep fryers, walk‑in freezer and walk‑in cooler, and commercial‑grade dishwasher

Property Analytics

Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture Pet Grooming Service Veterinary Clinic Gym & Fitness Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with four 3-bedroom apartments and a street-level restaurant featuring extensive kitchen equipment.
Where is this mixed-use property located?
The property is located at 2309 W Devon Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1928 mixed‑use building with four residential apartments plus an approximately 5,000 SF street‑level restaurant space; Residential units: four oversized 3‑bedroom, 1‑bath apartments for consistent rental layout; Restaurant includes extensive equipment: 7 wok burners, 2 deep fryers, walk‑in freezer and walk‑in cooler, and commercial‑grade dishwasher
More about this property
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