2944 West Devon Avenue

Chicago, IL 60659

$1,600,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Very rare offering, This great 3 story, 7 Unit commercial mixed-use building is for sale at 2944 W Devon. The building features a Classic facade. Building is 8975 SQ FT, Land Site is approx. 6250 SQ FT, B1-2 Zoning. Valuable opportunity for an Investor, Developer or end user to acquire a boutique mixed use building right in the heart of Rogers Park. Not to mention Great visibility and very high traffic at this location - 26,700 Vehicles Per Day on Devon, On the first floor, There is a 3300 SQ FT...Very rare offering, This great 3 story, 7 Unit commercial mixed-use building is for sale at 2944 W Devon. The building features a Classic facade. Building is 8975 SQ FT, Land Site is approx. 6250 SQ FT, B1-2 Zoning. Valuable opportunity for an Investor, Developer or end user to acquire a boutique mixed use building right in the heart of Rogers Park. Not to mention Great visibility and very high traffic at this location - 26,700 Vehicles Per Day on Devon, On the first floor, There is a 3300 SQ FT Very busy Retail Bakery in operation, The Bakery features a Fantastic business location with great signage visibility. Very heavy pedestrian traffic, Very vibrant retail area. On floors two and three there are 2-1bed-1ba units, 2-2Bed 1 Bath units, 3-3Bed 1 Bath units. Rear parking lot with 2 spaces, Close to area expressways and Public transportation options include CTA Bus Stops along Devon Avenue. This property is surrounded by retail and restaurants. Area retailers include, Dunkin, city fresh market, Anmol barbeque, Dollar tree, Delhi Darbar Kabab House, Kol Tuv Kosher Foods, Rosens Morse view Pharmacy, The Turnkey Bakery is also for sale for $400,000. Price is negotiable, Please note; Ownership will listen to all offers within reason. Do not bother tenants, Please call listing agent for a showing.
  1. Listed by Michael Levin • @properties Commercial

Property Details for 2944 West Devon Avenue

Area
CHI - West Ridge
Zoning
COMMR
LISTING UPDATED: 08/17/2024 03:34 AM

Property Details for 2944 West Devon Avenue

StatusActive
MLS #12111369
Days on Market162
Taxes$12,286 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1970
Lot Size0.14 AC / 6,250 SF
CountyCook County

Building Information for 2944 West Devon Avenue

Stories3Residences8Year Built1970Lot Size0.14 AC / 6,250 SF

Property Information for 2944 West Devon Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street, Public Road, State Road
  • Geographic Locale: Chicago North
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Circuit Breakers
  • Flooring: Varies
  • Heat/Ventilation: Central Bldg Heat
  • Misc Inside: Multi-Tenant
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 7
  • Water Drainage: Drainage Ways,Storm Sewers
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Community, Water-Municipal, Water to Site
Property/Lot Information
  • Tenant Pays: Electricity, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Lot Dimensions: 50X125
  • Lot Size Square Feet: 6250.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane
  • Fire Protection: Alarm On Site,Ansul System,Smoke or Fire Protectors
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 8975
  • # Of Offices: 0
  • Retail SqFt: 3300
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Possible Use: Commercial, Multi-Family, Retail
  • Buyer Financing: Conventional
  • Public Document Count: 1
  • Document Date: 2024-07-15T17:54:32
  • Photos Count: 15
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District,Mixed Use Area,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $2,000.00
  • Fuel Expense: $3,000.00
  • Gross Income: $141,000.00
  • Gross Scheduled Income: $141,000.00
  • Insurance Expense: $12,000.00
  • Total Monthly Income: 11800
  • Net Operating Income: $120,000.00
  • Operating Expense: $21,000.00
  • Other Expense: $.00
  • Trash Expense: $672.00
  • Water Sewer Expense: $1,500.00

Property History for 2944 West Devon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2944 West Devon Avenue

Taxable ValueLand$10,468Additions$83,841Total$94,309
Tax Record2022$22,621 ($1,885 / month)
Home Facts
Total Finished SqFt3,900 SqFtAbove Grade Finished SqFt3,900 SqFtStories3Lot Size6,250 SqFtStyleStoresYear Built1970CountyCOOKAPN10-36-324-020

Schools near 2944 West Devon Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
West Ridge Elementary School
PublicPK to 8

Mather High School
Public9 to 12

Decatur Classical Elementary School
PublicK to 8

Stone Elementary Scholastic Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2944 West Devon Avenue is a mixed use property for sale in Chicago, IL 60659. This property was listed for sale on July 16, 2024 by @properties Commercial, it's currently listed at $1,600,000. It has been on the market for a total of 162 days and was last sold on March 29, 2022. This listing's school district is Chicago Public Schools. Nearby schools include West Ridge Elementary School, Mather High School and Decatur Classical Elementary School. 2944 West Devon Avenue is a 0-bed, 0-bath, mixed use property built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Commercial

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/17/2024 03:34 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.