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1333-1343 W Devon Ave 5,351 sq ft 100% Let Retail Property Chicago, IL 60660 £1,471,000 (£274.90/sq ft) 5.32% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Arm Chair Investment 6 Storefronts 120.4' frontage x 50' 14k VPD on Devon
- B3-2 Potential FAR and TOD
- Minimal LL Expense or Capital Expenditure needed. Well maintained
- Value Add Opp w/Legacy Tenants Below Market
- Renovated 2020-23 Newer roof and tuckpoint
EXECUTIVE SUMMARY
Ideal Storefront Bldg near Loyola University! Investment or Owner - User opportunity at the corner of Devon and Wayne Ave with the ability to expand, develop FAR or combine storefronts. The building is strategically located in booming Edgewater in an area that caters to a diverse and dynamic clientele and Loyola student concentration. 6 storefronts (1 currently combined)with individual HVAC systems. Well maintained building surrounded by lots of new development in addition to student housing that is walking distance to Loyola Campus University Campus and the Lake.
Well maintained building. Value add opp with below market rents and future potential FAR and TOD. B3-2 FAR 2
Well maintained building. Value add opp with below market rents and future potential FAR and TOD. B3-2 FAR 2
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
5,351 sq ft
Costar Property Class
C
Year Built/Renovated
1919/2020
Price
£1,471,000
Price per sq ft
£274.90
Yield
5.32%
NOI
£78,288
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.88
Total Plot Size
0.14 ac
Use Class
B3-2 - B3-2 6,020 sf 120.4' Frontage Devon x 50' Wayne
1337 W. Devon Hair Salon currently has a special use permit in a B3-2
Frontage
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- POSITION
- AVAILABLE
Recently renovated 875 sf currently an office however potential for Retail and various other. Space is available 7/1/2026 Possible Expansion opportunity to 1,618sf
Currently a Hair Salon. Owner is retiring. Space will be updated to building standard once vacant.
| Space | Size | Space Use | Position | Available |
| 1335 | 850 sq ft | Retail | In-Line | Jul 2026 |
| 1337 | 835 sq ft | Retail | - | Jan 2026 |
1335
| Size |
| 850 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Jul 2026 |
1337
| Size |
| 835 sq ft |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Jan 2026 |
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1335
| Size | 850 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Jul 2026 |
Recently renovated 875 sf currently an office however potential for Retail and various other. Space is available 7/1/2026 Possible Expansion opportunity to 1,618sf
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1337
| Size | 835 sq ft |
| Space Use | Retail |
| Position | - |
| Available | Jan 2026 |
Currently a Hair Salon. Owner is retiring. Space will be updated to building standard once vacant.
Walk Score®
Excellent pedestrian access (93)
Transit Score®
Excellent Public Transport (74)
Bike Score®
Ideal For Cyclists (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-05-104-016-0000 | Total Assessment | £117,979 (2024) |
| Land Assessment | £56,047 (2024) | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £61,932 (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
14-05-104-016-0000
Land Assessment
£56,047 (2024)
Improvements Assessment
£61,932 (2024)
Total Assessment
£117,979 (2024)
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2026
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1333-1343 W Devon Ave
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