Ignacio Trujillo - Chicagoland Brokers Inc Logo
$1,750,000
( $163.81Per Sq Foot )
 $9,394 est/mo Sourced by Back At You

5337 W Devon Avenue,Chicago, IL 60646

Chicago, IL 60646

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Description

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.

Details

MLS #12682191
Listing TypeFor Sale
StyleRetail/stores
Sub-TypeResale
StatusActive
Year1957
Days On Site60
Listing Provided ByEssex 312, LLC | Niko Apostal

Features

SQ Feet10,683
Story(s)1
Units7
ZoningCOMMR
Acreage15681.00

Interior

CoolingCentral Individual

Exterior

RoofMembrane
Foundation DetailsConcrete Perimeter
Construction MaterialsBrick, Brick/Stone Msn Pred

Utilities

UtilitiesElectric to Site, Natural Gas Available, Sewer Connected, Water Available
ElectricSeparate Meters

Taxes

Tax Year2024
Tax Annual Amount54350.58

Area Information

StateIL
CountyCook
CityChicago
Zip Code60646
AreaCHI Forest Glen
Listing VS Median (in 60646)
Price:
$1,750,000
low | high
Med:
$549,000
100% of Average
sqft:
10,683
low | high
Med:
1,604
100% of Average
$ / sqft:
$164
low | high
Med:
$342
58.94075525472% of Average
On site:
60
low | high
Med:
4
100% of Average
Sourced by Back At You

Market Activity 60646

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Additional Information

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Learn More About This Property

Ignacio Trujillo

Ignacio Trujillo

Chicagoland Brokers Inc

 (708) 913-7119ignaciobroker@gmail.com
StateIL
CountyCook
CityChicago
Zip Code60646
AreaCHI Forest Glen
Listing VS Median (in 60646)
Price:
$1,750,000
low | high
Med:
$549,000
100% of Average
sqft:
10,683
low | high
Med:
1,604
100% of Average
$ / sqft:
$164
low | high
Med:
$342
58.94075525472% of Average
On site:
60
low | high
Med:
4
100% of Average
Sourced by Back At You
Listing Updated: July 23, 2026 at 12:15:17 PM PDT