5500-5518 W Devon Ave

Chicago, IL 60646

$1,900,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare Investment Opportunity-Prime Mixed-Use Property on Three Avenues in Chicago ! An exceptional and truly unique offering in the heart of Chicago! This outstanding, once in a lifetime property spans three streets and features 14 fully leased mixed-use storefronts along with one well maintained residential apartment. Meticulously cared for over the years, this gem boasts strong, long-term tenants, excellent rental income, and incredible visibility and accessibility. Opportunities like this dont...Rare Investment Opportunity-Prime Mixed-Use Property on Three Avenues in Chicago ! An exceptional and truly unique offering in the heart of Chicago! This outstanding, once in a lifetime property spans three streets and features 14 fully leased mixed-use storefronts along with one well maintained residential apartment. Meticulously cared for over the years, this gem boasts strong, long-term tenants, excellent rental income, and incredible visibility and accessibility. Opportunities like this dont come around often- a solid investment with built-in value and future upside. Whether you're looking to expand your portfolio or secure a trophy asset, this property offers a partner-for-life potential. Don't miss out-properties like this are one in a million !
  1. Listed by Gus Romas • Brokerocity Inc

Property Details for 5500-5518 West Devon Avenue

Area
CHI - Edgewater
Zoning
COMMR
LISTING UPDATED: 07/26/2025 02:45 PM

Property Details for 5500-5518 West Devon Avenue

StatusContingent
MLS #12298753
Days on Market108
Taxes$56,758 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1944
Lot Size0.59 AC / 25,727 SF
CountyCook County

Location

Listing Courtesy of Brokerocity Inc
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Building Information for 5500-5518 West Devon Avenue

Stories2Residences18Year Built1944Lot Size0.59 AC / 25,727 SF

Payment Calculator

$14,685 per month

30 year fixed, 6.845% Interest

Principal and Interest

$9,955

Property Taxes

$4,730

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5500-5518 West Devon Avenue

General Information
Location and General Information
  • Geographic Locale: Chicago Northwest
  • Information: List Broker Must Accompany,48-Hr Notice Required,Non-Disclosure Agreement,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25727
  • Lot Size Square Feet: 25727.0
  • Stories: 2
  • Construction: Brick
  • Fire Protection: Hydrants On Site
  • Building Area Total: 13859
  • # Of Offices: 1
  • # Of Stores: 14
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial, Retail
  • Public Document Count: 0
  • Photos Count: 7
Miscellaneous
  • Current Use: Commercial
  • Location: Corner,Mixed Use Area,Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 18
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Other Expense Source: Owner Projection
  • Total Monthly Income: 0000
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 5500-5518 West Devon Avenue

DateEvent & SourcePriceAppreciation
Jun 12, 2025

Contingent

MRED #12298753

Apr 10, 2025

Listed (Active)

MRED #12298753

$1,900,000
DateEvent & SourcePrice
06/12/2025

Contingent

MRED #12298753

04/10/2025

Listed (Active)

MRED #12298753

$1,900,000

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

Schools near 5500-5518 West Devon Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 12
Charter - 9 to 12
Public - PK to 3
Rating
School
Distance
Wildwood Elementary School
PublicPK to 8

Taft High School
Public7 to 12

CICS Northtown
Charter9 to 12

Beard Elementary School
PublicPK to 3

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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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 Brokerocity Inc

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. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 07/26/2025 02:45 PM. 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.