Essex Realty Group, Inc. has been exclusively engaged to market for sale 2222 W. Devon Ave., an 18-unit corner mixed-use building in Chicago's vibrant West Ridge neighborhood. The Subject Property is ideally located in the heart of Devon Avenue's bustling commercial corridor.

The unit mix consists of five (5) 1-bedrooms, seven (7) 2-bedrooms and six (6) street-level commercial spaces. The retail space is 100% occupied and has benefited from an extensive list of capital improvements. The apartments, which feature varying levels of vintage finishes, may present new ownership with a significant value-add investment opportunity. An investor may realize tremendous rental upside by making updates to the kitchens and bathrooms and adding on-site coin-operated laundry (See Value-Add Opportunities page for more details).

Located on prized Devon Avenue, 2222 W. Devon Ave. benefits from high levels of daily foot traffic. The property is located within steps of many boutique shops and restaurants. Further, the property provides tenants easy access to both the Western Avenue and Devon Avenue CTA bus lines.

Known as one of Chicago's most historically and culturally abundant neighborhoods, West Ridge has become a cherished community that boasts thriving retail lining Devon Avenue, historic mansions along Ridge and Lunt Avenues and cultural institutions such as St. Scholastica Academy. The property is situated on the northeast corner of Devon and Bell Avenues. Located right in the heart of the Devon Avenue commercial corridor, the building benefits from high levels of daily foot traffic.

• 7.6% Current Cap Rate / 9.87% Stabilized Cap Rate
• Corner Building on Bustling Devon Avenue
• Extensive Capital Improvements Made to Commercial Spaces
• Significant Value-Add Opportunity in Apartments
• Strong Commercial Tenants Benefiting from High Foot-Traffic