Essex Realty Group, Inc. was exclusively engaged to market for sale 2349 W. Devon Avenue, a 32-unit corner mixed-use building located at the hard, stop-lit corner of Devon Avenue and Western Avenue in Chicago’s West Ridge neighborhood. The unit mix consists of thirteen (13) studios, eleven (11) 1-bedrooms, one (1) 2-bedroom and seven (7) street-level commercial spaces (totaling approximately 8,097 square feet). The commercial space is 100% occupied and the building has received many recent capital improvements, such as newer 2400 AMP electric service and a complete tear-off roof.
The property is situated on the southeast corner of Devon and Western Avenues. Located right in the heart of the Devon Avenue commercial corridor, the building benefits from high levels of daily foot traffic. The property is located within steps of a multitude of boutique shops and restaurants. Devon Avenue is widely known throughout the city for having some of the best ethnic restaurants. In addition, the property is within close proximity to many public green spaces including Warren Park, Lincolnwood Centennial Park and the North Shore Channel Trail which follows the Chicago River North from Lawrence Avenue to Emerson Street in Evanston, IL. Further, the property provides tenants with easy access to both the Western Avenue and Devon Avenue CTA bus lines.
- Essex Generated 11 Tours & 7 Offers.
- Sold within 1.5% of List Price
- Phenomenal West Ridge Location
- Value-Add Investment Opportunity
- Significantly Below Market Rents
- 100% Commercial Occupancy
- Located in Heart of Devon Avenue Commercial Corridor