Address
1511 W Devon Avenue, Chicago, IL
Price
$ 2,200,000
Property Attributes
- MLS#11987952
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Edgewater
- NeighborhoodEdgewater
- Zip60660
- Style
- Year Built1915
- Taxes$ 33613
- Price$ 2,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.324265 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
| Price History | |
|---|---|
| 2/23/2024 | Listed $2,200,000 |
General Features
| Cooling | Central Air |
|---|---|
| Year Built | 1915 |
| Electric | Other |
| Tenant Pays | Other |
| Stories | 2 |
| Property SubType | Neighborhood Storefront,Other,Restaurant |
| Tax Year | 2022 |
| County | Cook |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Continue on N Sheridan Rd. Drive to W Devon Ave Use the right 2 lanes to turn right onto N Sheridan Rd |
| City | Chicago |
| MLS Area | CHI - Edgewater |
| Lot Size Square Feet | 14125 |
| Street Name | Devon |
| Tax Annual Amount | 33613 |
| Additional Parcels Y/N | Yes |
| Leasable Area | 6295 |
| Days on Market | 81 |
| Standard Status | Active |
| Property Type | Retail/Stores |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 125X113 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60660
Price
Taxes
Visits
Year Built
