2309 W Devon AVE, Chicago, IL 60659
2309 W Devon AVE, Chicago, IL 60659
2309 W Devon AVE, Chicago, IL 60659
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$1,950,000
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9,300 SqFt
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2309 W Devon AVE Chicago, IL 60659

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,300 sqft

Price per Sqft $209

MLS Listing ID 12642771

Year Built 1928

Annual Tax Amount $26,178

Tax Year 2024

Lot Dimensions 50 x 125

Property Sub-Type Mixed Use

Property Description

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 unit is configured as a spacious 3-bedroom, 1-bath apartment, 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.

Location

State IL

County Cook

Area Chi - West Ridge

Interior

Cooling Central Air

Flooring Wood

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available

Roof Type Rubber

Building

Dwelling Type Mixed Use

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Shafeeq Khaja of  Century 21 Universal 

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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