$1,799,000 $9,657 est/mo Sourced by Back At You

1511 W Devon Avenue,Chicago, IL 60660

Chicago IL, 60660

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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 $1,799,000, 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.

Details

MLS#11987952
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1915
Days On Site95
Listing Provided ByKeller Williams ONEChicago | Anthony Hardy

Features

Story(s)2

Market Activity 60660

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Listings Checked: 36 seconds ago
StateIL
CountyCook
CityChicago
Zip Code60660
AreaCHI Edgewater
Listing VS Median (in 60660)
Price:
$1,799,000
low | high
Med:
$340,000
100% of Average
On Site:
95
low | high
Med:
74.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $0 - $0
SqFt: 0 - 0
Nearby Listings Property ImageNearby Listings Details
1355 W Devon Avenue Property Photo 1
$0
1355 W Devon Avenue
Chicago, IL 60660
Listing Updated: May 23, 2024 at 1:44:32 AM PDT