Map of Property

1325 W Devon

1325 W Devon, Chicago, IL 60660

  • For Sale $3,425,000
  • Property Type Multi-Family
  • Property Size 10,433 SF
  • Units 7
  • Year Built 2016
  • Date Updated Apr 16, 2024
1325 W Devon is located in the Edgewater neighborhood of Chicago near Loyola Chicago's campus.Kiser Group is pleased to present 1325 W Devon for sale. 1325 W Devon is a seven unit mixed-use building located two blocks from the Loyola University Campus. Built in 2016, along with 1244 W Devon and 1301 W Devon, the building has historical vacancy of zero due to the extremely high demand from students. The commercial space is occupied by Athletico on a full NNN lease. While the current tenant base is almost exclusively students, units are rented out conventionally. New ownership can increase rent by implementing true student housing management and signing per-bed leases. The rental units at the Devon Collection are the most in-demand unit types in a post-COVID world. All units are large, have multiple bathrooms, in-unit laundry, in-unit HVAC, and modern finishes. Due to the proximity of Loyola University, nearly all units are leased by students and have parents as lease co-signors. 1325 W Devon can be sold alone or in a package with 1244 W Devon and/or 1301 W Devon.

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Highlights

  • Student housing with current and historical 100% occupancy
  • Fully occupied commercial spaces with NNN leases
  • Minimal amount of similar rental product in submarket
  • Turnkey and cash flowing
  • Can be sold alone or in a package with 1244 W Devon and/or 1301 W Devon

Contacts

broker

Jake Parker

Kiser Group

(773) 293-5030

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise

  • Transit Score ®

    69/100 Good Transit

  • Bike Score ®

    93/100 Biker's Paradise
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Edgewater
  • Zip Code 60660
  • Market Chicago

Points of Interest

  • Loyola

    0.26 miles

  • Granville

    0.35 miles

  • Thorndale

    0.59 miles

  • Morse

    0.71 miles

  • Rogers Park

    1.00 miles

  • Bryn Mawr

    1.03 miles

  • Jarvis

    1.28 miles

  • Howard

    1.53 miles

  • Skyline Chicago Limo

    1.70 miles

  • Argyle

    1.72 miles

  • Citgo

    0.23 miles

  • Shell

    0.36 miles

  • Marathon

    0.37 miles

  • BP

    0.64 miles

  • Citgo

    0.82 miles

  • Shell

    0.88 miles

  • Shell

    1.00 miles

  • Marathon

    1.07 miles

  • Amoco

    1.17 miles

  • Mobil

    1.42 miles

  • Loyola Parking Structure

    0.26 miles

  • 7331 N Sheridan Self-Park

    1.15 miles

  • Howard Park & Ride

    1.45 miles

  • Park Plaza Parking Lot

    2.25 miles

  • Evanston Lot 39

    2.36 miles

  • Budget Rental Parking Lot

    2.37 miles

  • Parking Lot 42

    2.43 miles

  • Swedish Covenant Hospital

    2.46 miles

  • Ravenswood Medical Center

    2.47 miles

  • Evanston Lot 24

    2.66 miles

  • Hampton Inn Chicago North-Loyola Station

    0.32 miles

  • Heart O' Chicago Motel

    0.67 miles

  • Super 8 by Wyndham Chicago

    1.12 miles

  • Apache Motel

    1.86 miles

  • Guest House Motel

    1.88 miles

  • The Guesthouse Hotel

    1.88 miles

  • O-Mi Motel

    1.90 miles

  • Summit Motel

    2.02 miles

  • Diplomat Motel

    2.08 miles

  • Rodeway Inn

    2.25 miles

  • Uncommon Ground

    0.09 miles

  • Popeyes

    0.16 miles

  • Dunkin'

    0.16 miles

  • Tropical Smoothie Cafe

    0.19 miles

  • Taco Bell

    0.20 miles

  • Potbelly

    0.21 miles

  • Subway

    0.21 miles

  • The Halal Guys

    0.22 miles

  • Dunkin'

    0.26 miles

  • McDonald's

    0.26 miles

  • Northside Catholic Academy

    0.21 miles

  • Chicago Waldorf School - Buttercup Room

    0.22 miles

  • Chicago Waldorf School

    0.26 miles

  • Loyola University Chicago

    0.31 miles

  • Hayt Elementary School

    0.33 miles

  • Sullivan High School

    0.41 miles

  • Sacred Heart Schools

    0.44 miles

  • Lawrence Hall School for Boys

    0.46 miles

  • Kilmer Elementary School

    0.50 miles

  • Senn High School

    0.63 miles

  • Toddler Town Day Care

    2.14 miles

  • Ladybug & Friends Daycare

    2.49 miles

  • Little Angels

    2.87 miles

  • Ravenswood Manor Child Care

    3.08 miles

  • Tot Learning Center

    3.30 miles

  • Bright Horizons

    3.55 miles

  • Rainbow School Daycare

    3.85 miles

  • Kids' Work Chicago Too

    3.91 miles

  • Rainforest Pre-School & Infant Center

    4.80 miles

  • La Escualita Daycare

    5.00 miles

Frequently Asked Questions

What is the lease rate for 1325 W Devon?

Rental asking rate at 1325 W Devon is $1,712,500.00/YR.

What is the total square footage of 1325 W Devon?

1325 W Devon totals 10,433 square feet.

When was this property built?

1325 W Devon was built in 2016.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Jake Parker

Kiser Group

(773) 293-5030