Norwood Park Six-Flat Turnkey Investment 6667-69 Devon Ave 6 Unit Apartment Building $1,200,000 ($200,000/Unit) 5.87% Cap Rate Chicago, IL 60631

The Proano Commercial Group presents 6667–69 W. Devon Avenue, a six-unit multifamily investment opportunity located in the highly desirable Norwood Park neighborhood of Chicago. The property offers a strong unit mix of two garden one-bedroom units and four above-ground one-bedroom units, each modernized in with granite countertops, stainless steel appliances, hardwood flooring, ceramic-tile bathrooms, and updated mechanical systems. Building-wide improvements include a new roof, updated windows, intercom system, emergency lighting, and fire safety upgrades, providing a turnkey, low-maintenance investment. Additional amenities such as six gated parking spaces, on-site laundry facilities, and secure entry enhance tenant appeal and long-term value.
Located directly on Devon Avenue, the building enjoys strong visibility in a mixed-use corridor that supports long-term rental stability. The property sits just east of Harlem Avenue, providing immediate access to I-90/94 (Kennedy Expressway), O’Hare International Airport, and the western suburbs — all major draws for commuting professionals. Public transportation is equally convenient, with Metra rail service and multiple CTA bus routes nearby, ensuring accessibility for a wide tenant pool.
This location consistently appeals to tenants due to its walkability to groceries, coffee shops, restaurants, and everyday services. The surrounding Norwood Park community is known for its low vacancy rates, well-maintained housing stock, and strong neighborhood identity, which combine to create long-term rental demand and stability.
For investors, this address represents a prime opportunity to own in a high-barrier-to-entry market where multi-family properties are tightly held. The combination of neighborhood charm, consistent renter interest, and easy connectivity to employment hubs in both downtown Chicago and suburban office corridors ensures durable cash flow and appreciation potential.