See all 45 photos
45 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Shafeeq Khajaof Century 21 Universal
$1,950,000
Est. payment /mo
9,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,300 sqft
Price per Sqft $209
MLS Listing ID 12642771
Year Built 1928
Annual Tax Amount $26,178
Tax Year 2024
Lot Dimensions 50 x 125
Property Sub-Type Mixed Use
Property Description
Located in the heart of Chicago's vibrant "Little India" business district along bustling Devon Avenue, this exceptional mixed-use investment opportunity combines strong cash flow, a fully renovated property in one of the city's most recognized cultural corridors. This rare 50-foot frontage building features four oversized residential apartments plus an impressive approximately 5,000 sq. ft. state-of-the-art restaurant space at street level. Each residential units has 3 BR, 1 Bath approximately 1100 sq ft each unit, total of 12 bedrooms and 7 bath, providing strong and stable rental income in a high-demand neighborhood. The commercial component is home to a beautifully built-out restaurant with extensive infrastructure and equipment included in the sale. The current ownership has invested more than $400,000 in capital improvements over the past two years, including substantial upgrades to plumbing and electrical systems, creating a turn-key opportunity for an investor. This listing includes the real estate, restaurant fixtures and equipment. The restaurant features a large open dining area, expansive commercial kitchen, seven wok burners, two deep fryers, walk-in freezer, walk-in cooler, commercial-grade dishwasher, and additional professional kitchen equipment designed to support high-volume operations. Positioned in one of Chicago's most heavily trafficked retail and dining destinations, the property benefits from outstanding pedestrian visibility surrounded by well-established restaurants, retailers, grocery stores, and cultural attractions that draw visitors from across the Chicagoland area. With a reported NOI of approximately $128,853, this is a rare opportunity to acquire a stabilized mixed-use asset with significant upside potential in one of Chicago's most iconic commercial districts. Huge advantage is the low property taxes.
Location
State IL
County Cook
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter
Structure Type Brick
Read Less Info
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com