The Subject property is a 7-unit, mixed-use building located in the Loyola neighborhood of Chicago's East Rogers Park submarket. This three-story masonry building was constructed in 1918 and contains a total of +/- 14,000 SF. There is a rear parking lot with a total of six space that are leased to the commercial tenant. There is a rear (iron/wood combo) porch system which affords each residential tenant a sizable deck. The property has a full, unfinished basement with full ceiling heights which the commercial tenant uses for storage. Each apartment unit has its own central heat and AC and in-unit washer/dryer. The 100% leased building contains the following unit mix: One Commercial Space (5,284 SF) There are 7 years remaining on the initial term of the commercial lease (expiration 8/31/2026). The commercial tenant as two 5-year extension options at predetermined rents.
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For more information about 1344 W Devon, Chicago, IL 60660 contact Corcoran Urban Real Estate.
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Listing provided by Atlas Asset Management Realty LLC
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