5337 W Devon AVE, Chicago, IL 60646
5337 W Devon AVE, Chicago, IL 60646
5337 W Devon AVE, Chicago, IL 60646
5337 W Devon AVE, Chicago, IL 60646
5337 W Devon AVE, Chicago, IL 60646
5337 W Devon AVE, Chicago, IL 60646
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Ali Arciniega

Ali Arciniega

+1(773) 683-1249
$ 1,500,000
Est. payment | /mo

10,683 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

10,683 SqFt

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 10,683 sqft

Price per Sqft $140

MLS Listing ID 12765763

Year Built 1957

Annual Tax Amount $98,688

Tax Year 2024

Lot Size 0.360 Acres

Lot Dimensions 15681

Property Sub-Type Retail/Stores

Property Description

NEW PRICE -- MAJOR VALUE OPPORTUNITY: Prime Chicago Commercial Investment Opportunity: Edgebrook Market multi-tenant neighborhood retail strip center located at 5337-5353 W Devon Ave. Repriced to $1,500,000, this single-story commercial property features 7 highly visible units with one divisible vacant storefront. Investment Highlights:Immediate Value & Upside: Strong current cash flow with upside potential upon lease-up of the sole 2,400 SF vacancy (Suite 5347). Low-Management Structure: Fully operational with tenant expense pass-through arrangements that minimize landlord overhead. Favorable Zoning & Location: Robust B3-1 zoning supports a diversified, recession-resilient mix of long-standing service, fitness, and restaurant tenants. Corner lot with direct frontage on high-traffic Devon Ave, 14 dedicated parking spaces, and rear alley logistics access. Perfect for 1031-exchange or portfolio investors seeking verified potential in Edgebrook.

Location

State IL

County Cook

Area Chi - Forest Glen

Zoning COMMR

Interior

Cooling Central Individual

Flooring Varies

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available

Roof Type Membrane

Building

Dwelling Type Retail/Stores

Water Municipal Water

Structure Type Brick,Brick/Stone Msn Pred

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Niko Apostal of  Essex 312, LLC 

Nearby Locations

Ali Arciniega

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 683-1249

aarciniega@chicagorea.com

1941 N Elston Ave, Chicago, IL 60642, USA

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5337 W Devon AVE