Active Under Contract Commercial MLS# 12765763

5337 W Devon Avenue

Chicago, IL 60646

$1,500,000

midwest-real-estate-data logo

About 5337 W Devon Avenue

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.

Property details

Property

Type
commercial
Year built
1957
Living area
10,683 sqft
Price / sqft
$140
Lot
0.36 ac
List date
Sep 21, 2026

Schools

District
Chicago Public School District 299

Location

Subdivision
Forest Glen
Neighborhood
Forest Glen

Location

Neighborhood
Forest Glen
School district
Chicago Public School District 299

Ask about this property

Questions on 5337 W Devon Avenue, Chicago, IL 60646, or want to see it in person?

Listed by Niko Apostal, Essex 312, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.