Date
Details
Price
Change
Source
7/07/2026
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,750,000
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Property Description
Prime Chicago Commercial Investment Opportunity: Edgebrook Market multi-tenant neighborhood retail strip center located at 5337-5353 W Devon Ave. This single-story commercial asset spans a gross rentable area of 10,683 SF across 7 highly visible units with one divisible vacant storefront. Situated on a prime corner lot with direct frontage on high-traffic Devon Ave, the property features a dedicated 14-space exterior parking lot and essential rear logistics access via a 16 ft. public alley. Investment Highlights: Immediate Value & Upside: Features a strong going-in cap rate of 4.76%, with a clear path to a 7.92% projected stabilized cap rate upon lease-up of the sole 2,400 SF vacancy (Suite 5347). Low-Management Structure: Fully operational under net lease structures where tenants contribute to taxes, insurance, and maintenance, minimizing landlord overhead. Favorable Zoning: Robust B3-1 (Business Shopping District) zoning supports a diversified, recession-resilient mix of established local service, fitness, and restaurant tenants. Perfect for 1031-exchange or portfolio-driven investors seeking an income-generating asset with verified upside in a high-demand, stable Chicago location.
Full Property Details
Full Property Details for 5337 W Devon Ave
General
- Price: $1,750,000
- Taxes: $54,350 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12682191
- Updated: 7/13/2026
- Added to Site: 38 day(s) ago
Business
- Business Type: Retail
Rental Information
- Lease/Rent Term: Other
Interior
- Interior Features: Multi-Tenant, Public Restroom(s)
- Flooring: Varies
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - Forest Glen
- County: Cook
- Township: Jefferson
- Driving Directions: W Devon Ave between Caldwell Ave and Minnehaha Ave.
- Location Details: Central Business District, Corner, Public Transport Avail, Freestanding/Urban
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Brick, Brick/Stone Msn Pred
- Exterior Const.: Brick, Brick/Stone Msn Pred
- Foundation: Concrete Perimeter
- Roof: Membrane
- Ceiling Height: 11
- Sub-Flooring: Varies
- Stories/Levels: 1
- Square Feet: 10,683
- Current Bldg. Use: Commercial
- Year Built: 1957
Unit Information
- # Tenants: 7
Lot Features
- Lot Size (Sq. Ft.): 15,681
- Lot Dimensions: 15681
- Frontage: City Street, Alley Access
- Zoning: COMMR
Water Features
- Water Front Name: NONE
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $8,661
- Operating Expenses: $97,723
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1957
- Tax Amount: $54,350.58
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Scavenger
Disclosures and Reports
- Documents Avail.: Rent Roll, Leases, Floor Plan, Existing Survey, Tax Bill, Operating Statement, Other
- Property ID: 13041020080000
Listed by Essex 312, LLC
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Listing agents
— 5337 W Devon Ave —
Essex 312, LLC
Essex 312, LLC
NMLS#: 1598647
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Schools
Schools serving 5337 W Devon Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Edgebrook Elementary School, Chicago, IL 6525 North Hiawatha Avenue, Chicago, IL 60646 | K-8 | 0.2 mi |
Taft High School 6530 West Bryn Mawr Avenue, Chicago, IL 60631 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5337 W Devon Ave
Tax History
Tax History for 5337 W Devon Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$30,966
—
$72,053
-51%
2023
$30,966
42%
$146,765
38%
2022
$21,827
-26%
$106,121
-28%
2021
$29,513
55%
$146,765
71%
2020
$19,087
11%
$85,680
—
2019
$17,214
2%
$85,680
—
2018
$16,925
13%
$85,680
23%
2017
$14,967
20%
$69,525
12%
2016
$12,437
-19%
$62,095
-26%
2015
$15,312
22%
$83,560
24%
2014
$12,522
2%
$67,488
—
2013
$12,274
1%
$67,488
—
2012
$12,110
—
$67,488
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5337 W Devon Ave
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 4Total Baths
- 2,100Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
- 1,269Sq. Ft.
- Single Family
- Active
- Updated 20 hours ago
- 4Beds
- 2Total Baths
- 1,824Sq. Ft.
- Condo
- Active
- Updated 4 days ago
- 1Bed
- 1Total Bath
- 800Sq. Ft.
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- Single Family
- Closed
- Updated 13 days ago
- 7Beds
- 7Total Baths
- 7,510Sq. Ft.
![[Address not provided], Chicago, IL 60625 - Photo 1](https://m.cbhomes.com/p/156/12484742/C288ac5faB3d4c8/s23cc.webp)
5337 W Devon Avenue, Chicago, IL 60646 (MLS# 12682191) is a Commercial property. 5337 W Devon Avenue is currently listed for $1,750,000 and was received on July 07, 2026. Want to learn more about 5337 W Devon Avenue? Do you have questions about finding other Commercial real estate for sale in Chicago? You can browse all Chicago real estate or contact a Coldwell Banker agent to request more information.