5304 W Devon Avenue
Chicago, IL, 60646
$700,000
Beds
0 Baths
2,300 SqFt
0 Acres
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$700,000
5304 W Devon Avenue
Chicago, IL, 60646
MLS #MRD12307014 img 0
Exceptional hands-off investment opportunity in a prime location within Downtown Edgebrook! This property features a 5-year NN+ lease with 2% annual escalations and no landlord property responsibilities, providing a hassle-free ownership experience. The offering is secured by successful operators with two personal guarantees. Additionally, approximately $125,000 worth of restaurant equipment assets currently being used by the tenant, but owned by the landlord, will be transferred with the sale. The building underwent a complete renovation in 2020, with significant upgrades to both the inside and out including the roof, HVAC systems, kitchen exhaust fans, MAU units, walk-in coolers and freezer, and tankless water heaters. The property is ideally located in a high retail trade corridor with exceptional visibility and accessibility. Situated just 0.2 miles from the Edgebrook Metra Station and having a daily combined traffic count of 70,000+, this location benefits from both high foot and vehicular traffic. Don’t miss this turn-key investment opportunity in a thriving community!

Property Details

Price:
$700,000
MLS #:
MRD12307014
Status:
Active
Beds:
0
Baths:
0
Address:
5304 W Devon Avenue
Type:
Commercial
Subtype:
Restaurant
Neighborhood:
CHI – Forest Glen
City:
Chicago
Listed Date:
Mar 7, 2025
State:
IL
Finished Sq Ft:
2,300
Total Sq Ft:
2,300
ZIP:
60646
Year Built:
1964

Schools

Interior

Cooling
Central Air
Flooring
Tile, Wood

Exterior

Financial

Net Operating Income
$54,114
Tax Year
2023
Taxes
$17,886
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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5304 W Devon Avenue
Chicago, IL