Kiser Group is pleased to present 1244 W Devon for sale. 1244 W Devon
is an eleven unit mixed-use building located two blocks from the Loyola
University Campus. Built in 2016, the building has historical vacancy of
zero due to the extremely high demand from students. The commercial
space is occupied by GoPuff 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 1244 W Devon are the most in-demand unit types
in a post-COVID world. All units are large, have multiple bathrooms, inunit
laundry, in-unit HVAC, and modern finishes. Due to the proximity of
Loyola University, nearly all units are rented by students and have
parents as lease co-signors.