2944 Devon Ave Chicago, IL 60659

This exceptional 3-story mixed-use building, located at 2944 W Devon Ave in Chicago's vibrant Rogers Park neighborhood, presents a rare investment opportunity. Boasting 8,975 square feet on a 6,250 square foot lot, the property features a classic facade and benefits from B1-2 zoning. The building currently enjoys 100% occupancy with seven tenants, generating a strong net operating income (NOI) of $120,000 and a 7.50% cap rate. The ground floor houses a thriving 3,300 square foot bakery, ensuring consistent rental income. The upper two floors comprise seven residential units: two one-bedroom/one-bathroom, two two-bedroom/one-bathroom, and three three-bedroom/one-bathroom units. The property includes two parking spaces in a rear lot and benefits from excellent visibility and high traffic volume (26,700 vehicles per day on Devon Avenue). Its prime location offers easy access to expressways and public transportation (CTA bus lines), surrounded by a variety of retail establishments and restaurants including Dunkin', City Fresh Market, and several other businesses. This turnkey investment is priced at $1,600,000 ($178.27 per square foot) and offers significant potential for value-add improvements. The seller is open to reasonable offers. The property is being sold as-is.