7240 W Devon Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
7240 W Devon Ave
13 Unit Apartment Building $5,669,680 CAD ($436,129 CAD/Unit) 6.05% Cap Rate Chicago, IL 60631
Investment Highlights
- Rarely Available Newer Construction Asset in Edison Park
- High-End Apartments in Low Supply Submarket
- Commercial Anchored by Dunkin' Donuts and Office for Franchisee
- Strong Parking Ratio with Additional Leased Lot
Executive Summary
Interra Realty has been exclusively engaged to market 7240 W. Devon Avenue for sale. The subject investment property is a newer construction
mixed-use asset in a prime Edison Park location. The property features 10 high-end apartments over three street-level commercial spaces.
The residential units feature high ceilings, quality finishes, in-unit laundry and individual HVAC and hot water heaters. They are serviced by a
passenger elevator and share a large community balcony. The commercial tenants are Dunkin' Donuts, the office space for the franchisee, and a
residential real estate office. Commercial tenants benefit from strong parking ratio and a leased lot provides abundant parking for residential
tenants.
The offering presents investors with the rare opportunity to acquire a high-quality mixed-use asset in the low velocity Edison Park Neighborhood.
mixed-use asset in a prime Edison Park location. The property features 10 high-end apartments over three street-level commercial spaces.
The residential units feature high ceilings, quality finishes, in-unit laundry and individual HVAC and hot water heaters. They are serviced by a
passenger elevator and share a large community balcony. The commercial tenants are Dunkin' Donuts, the office space for the franchisee, and a
residential real estate office. Commercial tenants benefit from strong parking ratio and a leased lot provides abundant parking for residential
tenants.
The offering presents investors with the rare opportunity to acquire a high-quality mixed-use asset in the low velocity Edison Park Neighborhood.
Property Facts
| Price | $5,669,680 CAD | Property Subtype | Apartment |
| Price Per Unit | $436,129 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 6.05% | Building Size | 13,820 SF |
| Gross Rent Multiplier | 10.7 | No. Stories | 3 |
| No. Units | 13 | Year Built | 1970 |
| Property Type | Multifamily |
| Price | $5,669,680 CAD |
| Price Per Unit | $436,129 CAD |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 13,820 SF |
| No. Stories | 3 |
| Year Built | 1970 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Granite Countertops
- Hardwood Floors
Site Amenities
- Controlled Access
- Breakfast/Coffee Concierge
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,460 CAD | 700 |
| 1+1 | 3 | $2,551 CAD | 700 |
| 2+2 | 6 | $3,083 CAD | 1,100 |
1 of 1
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 09-36-425-049-0000 | Improvements Assessment | $168,968 CAD |
| Land Assessment | $69,260 CAD | Total Assessment | $238,229 CAD |
PROPERTY TAXES
Parcel Number
09-36-425-049-0000
Land Assessment
$69,260 CAD
Improvements Assessment
$168,968 CAD
Total Assessment
$238,229 CAD
zoning
| Zoning Code | B3-1.5 |
| B3-1.5 |
-
Joe Smazal -
Colin O'Malley -
Mark Dykstra -
Interra Realty
(312) 477-0194
x423
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
7240 W Devon Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.