5337 W Devon Avenue
Chicago, IL, 60646
$1,500,000
Beds
0 Baths
0 SqFt
0.36 Acres
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MLS #MRD12765763 image #0
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.

Property Details

Price:
$1,500,000
MLS #:
MRD12765763
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chiforestglen
Listed Date:
Sep 21, 2026
Total Sq Ft:
10,683
Lot Size:
15,681 sqft / 0.36 acres (approx)
Year Built:
1957
Chi – Forest GlenChiforestglenNone

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Schools

Interior

Cooling
Central Individual
Flooring
Varies

Exterior

Construction Materials
Brick, Brick/Stone Msn Pred
Roof
Membrane
Stories
1

Financial

HOA Fee Frequency
Not Applicable
Net Operating Income
$83,346
Tax Year
2024
Taxes
$98,688

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 07, 2026
887
Commercial Listed
185
Avg DOM
$1,022,243
Avg List Price

Property Summary

    5337 W Devon Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60646. It is listed for $1,500,000

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