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1511 W Devon Avenue,  Chicago IL, 60660

(Active)
$2,200,000
|
|
MLS# 11987952
Last Updated: 5/16/2024 4:08 PM
Description for 1511 W Devon Avenue Chicago, IL 60660
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
$2,200,000
Cook
11987952
Active
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.
Listing Information
Property Type: Retail, Business Opportunities, 2 Story
0.32 Acres 1915 2
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
125X113
Driving Directions
Continue on N Sheridan Rd. Drive to W Devon Ave Use the right 2 lanes to turn right onto N Sheridan Rd
Financial Considerations
14051000180000
$33,613
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60660 has a population of 2,781,445.

The median household income in Chicago, Illinois 60660 is $55,227. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60660 is 38 years.

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Courtesy: Keller Williams ONEChicago
Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 5/16/2024 4:08 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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