


2309 W Devon AvenueChicago, IL 60659
Commercial · 9,300 Sq. ft.2309 W Devon Avenue Overview
- Time on Site:
- 48 days
- Visits:
- 0
Located in the heart of Chicago's vibrant Little India business district along bustling Devon Avenue, this exceptional mixed-use investment opportunity combines strong cash flow, a fully renovated property in one of the city's most recognized cultural corridors. This rare 50-foot frontage building features four oversized residential apartments plus an impressive approximately 5,000 sq. ft. state-of-the-art restaurant space at street level. Each residential units has 3 BR, 1 Bath approximately 1100 sq ft each unit, total of 12 bedrooms and 7 bath, providing strong and stable rental income in a high-demand neighborhood. The commercial component is home to a beautifully built-out restaurant with extensive infrastructure and equipment included in the sale. The current ownership has invested more than $400,000 in capital improvements over the past two years, including substantial upgrades to plumbing and electrical systems, creating a turn-key opportunity for an investor. This listing includes the real estate, restaurant fixtures and equipment. The restaurant features a large open dining area, expansive commercial kitchen, seven wok burners, two deep fryers, walk-in freezer, walk-in cooler, commercial-grade dishwasher, and additional professional kitchen equipment designed to support high-volume operations. Positioned in one of Chicago's most heavily trafficked retail and dining destinations, the property benefits from outstanding pedestrian visibility surrounded by well-established restaurants, retailers, grocery stores, and cultural attractions that draw visitors from across the Chicagoland area. With a reported NOI of approximately $128,853, this is a rare opportunity to acquire a stabilized mixed-use asset with significant upside potential in one of Chicago's most iconic commercial districts. Huge advantage is the low property taxes.
2309 W Devon Avenue Facts & Features
- Type Commercial
- Sq. ft. 9,300
- Price/Sq.ft. $210
Details
General
Income/Expenses
- Other Expense: 28500
- Electric Expense: 1000
- Existing Lease Type: Gross
- Fuel Expense: 3000
- Gross Income: 177600
- Gross Scheduled Income: 177600
- Insurance Expense: 7000
- Net Operating Income: 128853
- Operating Expense: 48747
- Trash Expense: 2500
- Water Sewer Expense: 6000
Building Information
- Year Built: 1928
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - West Ridge
- Township: Lake View
Rent/Lease Information
- Tenant Pays: Electricity, Heat
Tax Information
- Tax Annual Amount: $26,178.00
- Tax Year: 2024
General Information
- Parcel Number: 14061010050000
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
Interior
Building Interior
- Building Area Total: 9300
General Information
- Cooling: Central Air
- Electric: Service - 101 to 200 Amps
- Flooring: Wood
- Foundation Details: Concrete Perimeter
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 50 x 125
- Lot Size Square Feet: 6250
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Rubber
General Information
- Number Of Units Total: 5
- Utilities: Electric to Site,Natural Gas Available
2309 W Devon Avenue Neighborhood
Community
60659 (Chicago) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2309 W Devon Avenue Monthly Cost
2309 W Devon Avenue Market Data
Based on the last 30 days in this zip code
2309 W Devon Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/17/2026Source: MRED | Active |
|
| 5/12/2026Source: MRED | May 12, 2026 |



















































