5337 W Devon Avenue, Chicago, IL

$1,750,000

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About 5337 W Devon Avenue

Prime Chicago Commercial Investment Opportunity: Edgebrook Market multi-tenant neighborhood retail strip center located at 5337-5353 W Devon Ave. This single-story commercial asset spans a gross rentable area of 10,683 SF across 7 highly visible units with one divisible vacant storefront. Situated on a prime corner lot with direct frontage on high-traffic Devon Ave, the property features a dedicated 14-space exterior parking lot and essential rear logistics access via a 16 ft. public alley. Investment Highlights: Immediate Value & Upside: Features a strong going-in cap rate of 4.76%, with a clear path to a 7.92% projected stabilized cap rate upon lease-up of the sole 2,400 SF vacancy (Suite 5347). Low-Management Structure: Fully operational under net lease structures where tenants contribute to taxes, insurance, and maintenance, minimizing landlord overhead. Favorable Zoning: Robust B3-1 (Business Shopping District) zoning supports a diversified, recession-resilient mix of established local service, fitness, and restaurant tenants. Perfect for 1031-exchange or portfolio-driven investors seeking an income-generating asset with verified upside in a high-demand, stable Chicago location.

Features of 5337 W Devon Avenue

MLS® # 12682191
Price $1,750,000
Bathrooms 0.00
Year Built 1957
Type Commercial Sale
Sub-Type Retail/Stores
Status Active

Community Information

Address 5337 W Devon Avenue
Area CHI - Forest Glen
City Chicago
County Cook
State IL
Zip Code 60646

Amenities

Is Waterfront 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 16
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Not Applicable

Listing Details

OfficeEssex 312, LLC

Listing Map

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