4001 Devon AveChicago, IL 60646

Property Details for 4001 Devon Ave

Year built

1968

Lot size

0.42 AC

Property size (Sq ft)

49,500 SF

Property type

Office buildings

APN

13-03-208-035

APU

1303208035

Description

This five-story, 48,000-square-foot Class B office building, located at 4001 W Devon Ave in Chicago's Sauganash neighborhood (zip code 60646, Cook County, IL), offers multiple tenancy options ranging from 196 to 1,577 square feet. Built in 1976 and renovated in 2020, the property features one building with elevators and ample parking. Its convenient location offers easy access to I-94 (Edens Expressway) and is only a 20-minute drive to the Loop. The building boasts a strong anchor tenant, BBCN Bank, on the ground floor, and is surrounded by numerous amenities including Bryn Mawr Country Club, restaurants, and retail establishments like CVS, Dunkin' Donuts, and H&R Block, creating a convenient work-life environment. The building is zoned for commercial use and sits on a 0.44-acre lot. Currently, 19 spaces are available. This property presents a unique opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving Chicago neighborhood. The building's diverse suite sizes cater to a wide range of business needs, from small startups to established companies. The surrounding residential community adds to the property's appeal, offering a blend of professional and residential environments.

• CAP approach

  CAP return

  Valuation

  6%

  $14,900,318

  6.5%

  $13,754,139

  7%

  $12,771,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,447,375

  Geo Method

  $6,447,375

• Alternative Use

  Use

  Valuation

  Residential

  $17,055,132

  Hospitality

  $15,622,410

  Educational

  $12,997,662

  Medical

  $13,444,671

  Retail

  $20,218,584

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9969

Longitude

-87.7293

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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