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    2222 W Devon Avenue

    Chicago, IL 60659
    • $3,450,000
    • STATUS: Active
    • ON SITE: 59 days
    • MLS #: 10935636
    $3,450,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,000
      SQFT
    • $192
      $/SQFT
    Neighborhood:
    Chi - West Ridge
    Type:
    Commercial
    Built:
    1940
    County:
    Cook
    Area:
    Chi - West Ridge

    School Ratings & Info

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    Description

    This unique all Brick Building lays in the heart of Devon Ave. You cannot beat this location or this investment opportunity! This Property is compromised of 12 Residential-Units and 6 Commerical-Units w/full occupancies during all times of the year. Consistently leased with low turnovers, this Arm-Chair investment boasts a 6%+ cap w/ the potential to raise rents. Long time tenants w/ no issues or hassles during this time of COVID. You don't want to miss out on this gem!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-15T23:52:40.413 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    2222 W Devon Avenue Chicago, IL 60659

    • Price: $3,450,000
    • Status: Active
    • MLS #: 10935636
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    18,000
    SQFT
    $192
    $/SQFT
    1940
    Built
    Neighborhood:
    Chi - West Ridge
    County:
    Cook
    Area:
    Chi - West Ridge
    Property Description
    This unique all Brick Building lays in the heart of Devon Ave. You cannot beat this location or this investment opportunity! This Property is compromised of 12 Residential-Units and 6 Commerical-Units w/full occupancies during all times of the year. Consistently leased with low turnovers, this Arm-Chair investment boasts a 6%+ cap w/ the potential to raise rents. Long time tenants w/ no issues or hassles during this time of COVID. You don't want to miss out on this gem!
    Exterior Features

    Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type City Street Location Central Business DistrictMixed Use Area Parking Total 0 Roof Structure Pitched

    Interior Features

    Cooling Central AirWindow Unit(S) Electric FusesSeparate Meters Fire Protection Fire Extinguisher/SCarbon Monoxide Detector(S) Heat Ventilation Hot WaterRadiators Number Of Apts 12 Number Of Offices 0 Number Of Ranges 12 Number Of Refrigs 12 Number Of Stores 6

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 6 Current Use Commercial Electric Expense 600 Exterior Building Type Brick Fuel Expense 26400 Geographic Locale Chicago North Gross Income 298944 Gross Scheduled Income 298944 Insurance Expense 6500 Lot Size Dimensions 57X107 Number Of Tenants 18 Operating Expense 72750 Other Expense 4350 Owners Assoc YN No Possible Use CommercialCondominiumOffice And ResearchMulti-FamilyRetail Tax Annual Amount 23508.3 Tax Year 2019 Tenant Pays Air ConditioningElectricity Total Monthly Income 24912 Trash Expense 5000 Unincorporated YN No Water Sewer Expense 25000 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Real People Realty Inc.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-15T23:52:40.413 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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