1244 W Devon Chicago, IL 60660
- Mixed-use properties
Current Use by Public Records
- The 1244 Apartments / Apartment Building
Property Details for 1244 W Devon
- Year built
- 2016
- Property type
- Mixed-use properties
- Property subtype
- Residential income homes
Description
Kiser Group is pleased to present 1244 W Devon for sale. 1244 W Devon is an eleven unit mixed-use building located two blocks from the Loyola University Campus. Built in 2016, the building has historical vacancy of zero due to the extremely high demand from students. The commercial space is occupied by GoPuff on a full NNN lease. While the current tenant base is almost exclusively students, units are rented out conventionally. New ownership can increase rent by implementing true student housing management and signing per-bed leases. The rental units at the 1244 W Devon are the most in-demand unit types in a post-COVID world. All units are large, have multiple bathrooms, inunit laundry, in-unit HVAC, and modern finishes. Due to the proximity of Loyola University, nearly all units are rented by students and have parents as lease co-signors. 1244 W Devon is located in the Edgewater neighborhood of Chicago near Loyola Chicago's campus.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- State
- Illinois
- Longitude
- -87.9399
- Latitude
- 41.9935
