$1,500,000

5337 W Devon Avenue, Chicago IL, 60646

Price per sqft$140.41

Built in1957

Property size10,683 sqft

Property typeCommercial

Listed by Niko Apostal with Essex 312, LLC 773-516-0661

Overview

Active

New

Listed Sep 21, 2026

Updated 3 days ago

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.

Additional information

MLS^® ID: 12765763

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.36 Acres

Other Property Details

Taxes: $98,688
Tax Frequency: Annually

Listed by Niko Apostal with Essex 312, LLC 773-516-0661

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Data is refreshed every 3 hours. Listing last updated 8:12 AM UTC on 9/23/2026.

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