ClosedPrice Reduced

$1,500,000

$1,900,000
1401 Devon Avenue, Chicago, IL 60660
408 days
1401 Devon Avenue·Chicago, IL 60660
1978Year Built
About This Home

Tremendous opportunity to own a 3,950 square foot free standing fully equipped award-winning restaurant, with a 3,950 square foot basement (currently used for a prep kitchen, office space, green room, storage and 2 walk in coolers & 1 walk in freezer). Both dining rooms are beautifully decorated & the bar features an original art deco style back bar & matching fireplace surround (double sided). FF & E can be purchased seperately. The property can be used for other commercial uses or can be redeveloped into a mixed-use development. The property's Zoning is B3-2. The building is located on 8,250 (125' x 66') square feet of land (lots 1 & 2). The adjacent vacant land parcel (lot 3), 6346 N. Glenwood Avenue, totaling 4,166 square feet (125' x 33'), is not included in the current offering but can be purchased separately. This parcel is listed by Barbara O'Connor from Dream Town and the brokers will work together if a group is interested all parcels. The building's roof top is home to the country's 1st certified organic roof top farm. - M.O.S.A. 2008 The prior tenant uses the parking lot for a year-round licensed beer garden. Alternatively, there is parking for 8 cars on lot 1 & 2. The prior tenant had food, incidental liquor license, beer garden & a full public place of amusement license. There is also a state-of-the-art sound system in the back entertainment room. Current occupancy is 145 indoor seats. The property is in Chicago's Northside Edgewater neighborhood in walking distance to Loyola University, CTA Loyola Red Line Train Stop, Edgewater Beach and recently opened Target store located on Sheridan Avenue. Edgewater was ranked by 'Money' website as the fifth top 50 places to live in the U.S.

MLS# 11649568Listed October 10, 2022Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built1978
Lot Size125 X 66

Location

CountyCook
TownshipLake View
Zip Code60660

Financial

List Price$1,500,000
Original Price$1,900,000
Annual Taxes (2021)$32,628
Monthly Tax Est.$2,719
Parcel #14051010290000
Interior Features

Cooling

Central Air
Exterior & Lot

Construction

Brick
Utilities & Parking

Water Source

Municipal Water

Electric

Over 600 Amps
Tax & Financial
Annual Taxes
$32,628
Tax Year 2021
Monthly Tax Est.
$2,719
per month
Price Reduced by $400,000
Original list price: $1,900,000
Property Location

1401 Devon Avenue, Chicago, IL 60660Cook County

$1,500,000
1401 Devon Avenue
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
408 days on market
125 X 66
$32,628/yr taxes
Price reduced $400,000
$10,602
estimated monthly payment
Principal & Interest
$7,883/mo
Property Tax
$2,719/mo
$1,500,000
20% — $300,000
3%50%
6.875%
3%12%
Loan Amount
$1,200,000
Down Payment
$300,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Evolve Commercial Real Estate, LLC
Agent: Wilhelm Kreuzer
Similar Homes

You May Also Like

Keep Exploring

Find Your Perfect Home

Browse available listings in Chicago and across the North Shore.

Also popular on the North Shore

REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.

© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.