About 5337 W Devon Avenue
NEW PRICE -- MAJOR VALUE OPPORTUNITY: Prime Chicago Commercial Investment Opportunity: Edgebrook Market multi-tenant neighborhood retail strip center located at 5337-5353 W Devon Ave. Repriced to $1,500,000, this single-story commercial property features 7 highly visible units with one divisible vacant storefront. Investment Highlights:Immediate Value & Upside: Strong current cash flow with upside potential upon lease-up of the sole 2,400 SF vacancy (Suite 5347). Low-Management Structure: Fully operational with tenant expense pass-through arrangements that minimize landlord overhead. Favorable Zoning & Location: Robust B3-1 zoning supports a diversified, recession-resilient mix of long-standing service, fitness, and restaurant tenants. Corner lot with direct frontage on high-traffic Devon Ave, 14 dedicated parking spaces, and rear alley logistics access. Perfect for 1031-exchange or portfolio investors seeking verified potential in Edgebrook.
Features of 5337 W Devon Avenue
| MLS® # | 12765763 |
|---|---|
| Price | $1,500,000 |
| Bathrooms | 0.00 |
| Acres | 0.36 |
| Year Built | 1957 |
| Type | Commercial Sale |
| Sub-Type | Retail/Stores |
| Status | New |
| HOA Fees Freq. | Not Applicable |
| Taxes | $98,688 |
Community Information
| Address | 5337 W Devon Avenue |
|---|---|
| Area | CHI - Forest Glen |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60646 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | No |
| Has Pool | No |
Interior
| Cooling | Central Individual |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick, Brick/Stone Msn Pred |
|---|---|
| Roof | Membrane |
| Foundation | Concrete Perimeter |
Additional Information
| Days on Market | 3 |
|---|---|
| Zoning | COMMR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Essex 312, LLC |
|---|