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Chicago 60626 Rogers Park
1334 W Devon Avenue
$1,220,000
● Land - Off Market

1334 W Devon Avenue

Chicago, IL 60660
bedrooms
Studio
bathrooms
0 Bath
$1,381,165
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Prime development opportunity with over 16,400 SF of land with B3-2 Zoning in place. 1359 W Devon is located at the SEC of the lighted intersection of Devon Avenue & Glenwood and is currently an operating funeral home with a 8,255 SF building on a 6,025 square foot land site. 1334-48 W Devon is currently an overflow parking lot located consisting of 10,430 SF of land on the northwest corner of Devon Avenue and Wayne. There are curb cuts on Devon Avenue, Wayne and it also has an alley in the rear of the site. The 2 subject properties benefit from its prime location which is just a short walk to Loyola University and the CTA Red Line.
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,568
HOA Dues
-
Year Built
1977

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11378786)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
Apr 18, 2022 Listed by Sperry Van Ness $1,350,000
Listed by Sperry Van Ness

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,935
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: GALTS EDGEWATER GOLF
  • Land Acres: 0000000670
  • Standard Land Use Code: 2000
  • County Land Use Code: 3-90
  • Legal Description 1: A T (GALTS)(EDGEWATER)(GOLF) SUB OF S30ACS OF EH SW SEC 32-41-14

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 030200

Zoning

  • Zoning: B3-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 75
  • Parcel: 11-32-328-044-0000
  • Block: 5
  • Lot: 24,25
  • Meridian: SEC 32 TWN 41N RNG 14E
  • Municipality: ROGERS PARK
  • Latitude: 41.9984
  • Longitude: -87.6645

    Address

  • Full Address: 1334 W Devon Ave
  • Address - House Number: 1334
  • Street Direction: W
  • Address - Street Name: Devon
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Zip Code: 60660

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $112,931
  • Tax Rate Code Area: 75019

    Market Valuation

  • Market Total Value: $51,720
  • Market Land Value: $49,160
  • Market Improvement Value: $2,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,172
  • Assessed Land Value: $4,916
  • Assessed Improvements Value: $256

    Sales

  • Current Sale Contract Date: Jul 01, 2022
  • Current Sale Recording Date: Jul 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19135
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Side

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$333

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1318 ft²

Average Home Age

60.4 years

Currently For Sale

650 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Angelo Labriola, Sperry Van Ness
Last Updated: 3 years ago
Data Source: MRED, MLS# 11378786
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. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1334 West Devon Avenue built and last sold?
The property at 1334 West Devon Avenue was built in 1977 and last sold on Jul 1, 2022 for $1,220,000.
How much is this home worth?
The estimated value of the home located at 1334 West Devon Avenue is $0.
What are some comparable homes to 1334 West Devon Avenue?
There are currently no comparable homes to 1334 West Devon Avenue.
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