2912-14 West Devon Avenue

Chicago, IL 60659

$1,195,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent investment opportunity. Three story mixed-use property includes 4 residential apartments on the upper floors, each 3 bedrooms with formal dining room, large living rooms, hardwood floors, & rear decks. Tenants pay their own metered electric and gas. Additionally, there are 3 store fronts that face desirable Devon Avenue's heavily traveled business district. The property includes 1,375 sq. ft. detached L-shaped all brick garage off alley that accommodates 4 cars and storage, and is configured...Excellent investment opportunity. Three story mixed-use property includes 4 residential apartments on the upper floors, each 3 bedrooms with formal dining room, large living rooms, hardwood floors, & rear decks. Tenants pay their own metered electric and gas. Additionally, there are 3 store fronts that face desirable Devon Avenue's heavily traveled business district. The property includes 1,375 sq. ft. detached L-shaped all brick garage off alley that accommodates 4 cars and storage, and is configured to allow 3 additional outdoor parking spaces. Over 10,300 finished sq. ft. plus full-sized unfinished basement. Strong occupancy and positive rent roll. Recent improvements include new boiler system in 2019 and new industrial water heater in 2021.
  1. Listed by David Croy • Keller Williams ONEChicago

Property Details for 2912-14 West Devon Avenue

Area
CHI - West Ridge
Township
Rogers Park
Num Of Parking Spaces
7.0
Num of Interior Fireplaces
0
Zoning
COMMR

Location

Listing Courtesy of Keller Williams ONEChicago
Add your commute
LISTING UPDATED: 07/19/2022 06:34 PM

Property Details for 2912-14 West Devon Avenue

StatusActive
MLS #11324923
Days on Market1439
Taxes$12,971 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1929
Lot Size0.14 AC / 6,249 SF
CountyCook County

Location

Listing Courtesy of Keller Williams ONEChicago
Add your commute

Building Information for 2912-14 West Devon Avenue

Stories-Residences7Year Built1929Lot Size0.14 AC / 6,249 SF

Payment Calculator

$7,603 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,522

Property Taxes

$1,081

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2912-14 West Devon Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago North
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Circuit Breakers
  • # Of Washers: 0
  • Heat/Ventilation: Steam
  • # Of Window/Ac: 0
  • # Of Refrigerators: 4
  • Misc Inside: Private Restroom/s,Basement
  • # Of Dryers: 0
  • # Of Disposals: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
  • Water Drainage: Storm Sewers
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 FT. X 125 FT.
  • Lot Size Square Feet: 6249.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Carbon Monoxide Detector(s)
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 10392
  • # Of Offices: 0
  • Other SqFt: 7942
  • Retail SqFt: 2450
  • # Of Ranges: 4
  • # Of Stores: 3
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 3
  • Document Date: 2022-02-15T04:57:14
  • Photos Count: 17
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $296.00
  • Fuel Expense: $6,330.00
  • Gross Income: $109,810.00
  • Gross Scheduled Income: $109,810.00
  • Insurance Expense: $3,878.00
  • Electric Expense Source: Actual
  • Expense Year: 2021
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Net Operating Income Year: 2021
  • Trash Expense Source: Actual
  • Total Monthly Income: 9150
  • Water Expense Source: Actual
  • Net Operating Income: $82,084.00
  • Operating Expense: $14,755.00
  • Trash Expense: $1,802.00
  • Water Sewer Expense: $2,448.00

Property History for 2912-14 West Devon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2912-14 West Devon Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 7
Public - K to 8
Rating
School
Distance
West Ridge Elementary School
PublicPK to 8

Mather High School
Public9 to 12

Decatur Classical Elementary School
PublicK to 7

Stone Elementary Scholastic Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2912-14 West Devon Avenue is a mixed use property for sale in Chicago, IL 60659. This property was listed for sale on May 9, 2022 by Keller Williams ONEChicago, it's currently listed at $1,195,000. This listing's school district is City Of Chicago School District 299. Nearby schools include West Ridge Elementary School, Mather High School and Decatur Classical Elementary School. 2912-14 West Devon Avenue is a 0-bed, 0-bath, mixed use property built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams ONEChicago

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.