$2,200,000
1511 W Devon Avenue
Chicago, IL, 60660
Opportunity knocks for developers and investors at 1511-1519 W. Devon Ave. in the vibrant Edgewater neighborhood of Chicago, IL! Presenting a prime development site listed at $2,200,000, this property currently features retail on the 1st floor and 3 apartments on the second floor, over an expansive land area of 14,125 SF, and is zoned B1-1. Perfectly positioned for a transformative project, it’s an ideal locale for affordable housing or an SRO development, catering to the community’s growing needs. With the area’s developments migrating westward, the potential for growth and value appreciation is significant. The current setup of retail and residential units underscores the versatility and immediate revenue-generating capability of the property, while also presenting a canvas for redevelopment. Note: The property is sold “as-is,” reflecting its condition and the opportunity for a fresh start.
Property Details
Price:
$2,200,000
MLS #:
MRD11987952
Status:
Active
Beds:
0
Baths:
0
Address:
1511 W Devon Avenue
Type:
Commercial
Subtype:
Neighborhood Storefront,Other,Restaurant
City:
Chicago
Listed Date:
Feb 23, 2024
State:
IL
ZIP:
60660
Year Built:
1915
Schools
Interior
Cooling
Central Air
Exterior
Financial
Buyer Agent Compensation
1.5% – $299Gross Sale Price
Tax Year
2022
Taxes
$33,613
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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1511 W Devon Avenue
Chicago, IL
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