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1333-1343 W Devon Ave 5,351 SF 100% Leased Retail Building Chicago, IL 60660 $1,975,000 ($369.09/SF) 5.32% Cap Rate
INVESTMENT HIGHLIGHTS
- Arm Chair Investment 6 Storefronts 120.4' frontage x 50' 14k VPD on Devon
- B3-2 Potential FAR and TOD
- Minimal LL Expense or Capital Expenditure needed. Well maintained
- Value Add Opp w/Legacy Tenants Below Market
- Renovated 2020-23 Newer roof and tuckpoint
EXECUTIVE SUMMARY
Ideal Storefront Bldg near Loyola University! Investment or Owner - User opportunity at the corner of Devon and Wayne Ave with the ability to expand, develop FAR or combine storefronts. The building is strategically located in booming Edgewater in an area that caters to a diverse and dynamic clientele and Loyola student concentration. 6 storefronts (1 currently combined)with individual HVAC systems. Well maintained building surrounded by lots of new development in addition to student housing that is walking distance to Loyola Campus University Campus and the Lake.
Well maintained building. Value add opp with below market rents and future potential FAR and TOD. B3-2 FAR 2
Well maintained building. Value add opp with below market rents and future potential FAR and TOD. B3-2 FAR 2
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,351 SF
Building Class
C
Year Built/Renovated
1919/2020
Price
$1,975,000
Price Per SF
$369.09
Cap Rate
5.32%
NOI
$105,111
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.88
Lot Size
0.14 AC
Zoning
B3-2 - B3-2 6,020 sf 120.4' Frontage Devon x 50' Wayne
Potential FAR and TOD
Frontage
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Recently renovated 875 sf currently an office however potential for Retail and various other. Space is available 7/1/2026 Possible Expansion opportunity to 1,618sf
| Space | Size | Space Use | Position | Available |
| 1335 | 875-1,618 SF | Retail | In-Line | Jul 2026 |
1335
| Size |
| 875-1,618 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Jul 2026 |
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1335
| Size | 875-1,618 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Jul 2026 |
Recently renovated 875 sf currently an office however potential for Retail and various other. Space is available 7/1/2026 Possible Expansion opportunity to 1,618sf
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (74)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-05-104-016-0000 | Total Assessment | $158,401 (2024) |
| Land Assessment | $75,250 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $83,151 (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
14-05-104-016-0000
Land Assessment
$75,250 (2024)
Improvements Assessment
$83,151 (2024)
Total Assessment
$158,401 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1333-1343 W Devon Ave
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