W Devon Avenue

Chicago | Illinois

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Presented At

$949,000

Bedrooms

6614 W Devon Avenue, Chicago, IL 60631, Chicago, Illinois, United States. - Photo 1

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6614

W Devon Avenue

Chicago | Illinois

6614 W Devon Avenue, Chicago, IL 60631, Chicago, Illinois, United States. , Chicago , Illinois 60631

6614 W Devon Avenue, Chicago, Il, 60631

Don’t miss this well-maintained, large size 3-unit property featuring a striking yellow brick and stone exterior. It has had only 2-owners in its 75-year of existence, a great testament to its quality and enduring appeal. Perfect for owner-occupant or investor, a gem offers strong rental potential and modern comforts. First-second-floor units, each offers a spacious layout with separate living and dining rooms, oversized kitchens, 3

generous bedrooms, & 2

Property

3D Street View Tour

Property Location

6614 W Devon Avenue, Chicago, IL 60631, Chicago, Illinois, United States., Chicago Illinois

Local Weather & Climate

Chicago, Illinois

Current Conditions Updated recently

46 °F

Overcast clouds

Feels Like 38°F

Humidity 81%

Wind 21 mph

Visibility 6.2 mi

Sunrise 12:16 PM

Sunset 11:47 PM

5-Day Forecast

Sun 8 Mar

Clouds

High 64°

Low 38°

Mon 9 Mar

Clear

High 71°

Low 52°

Tue 10 Mar

Clear

High 67°

Low 45°

Wed 11 Mar

Rain

High 50°

Low 35°

Thu 12 Mar

Snow

High 36°

Low 28°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Chicago?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$94,900,000

6614 W Devon Avenue, Chicago, IL 60631, Chicago, Illinois, United States.

Chicago, Illinois 60631

7 Beds

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Market Opinion

Ultra Luxury 222.0× median

View prices in:

Our perspective on current market conditions in Chicago. For informational purposes only — always consult a licensed real estate professional before making decisions.

Neutral Market

Balanced conditions. Negotiate wisely.

Buyer Score

Prices are up 14% year-over-year

Homes are taking 58 days to sell - more time to negotiate

Local Market Price Trends

Median home sale prices in Chicago, Illinois — ZIP code 60631 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $94,900,000

Area median: $427,500

+14.0% year-over-year (well above the 3.5% historical avg)

Market Competition

58 days

Days on Market

Above typical

98.5%

Sale-to-List Ratio

Below asking

Future Value & Wealth Building

Starting investment: $949,000 20% down ($189,800)

12.4 years

Double Your Investment

Based on current market trends, your property value could double

$1,010,634

10-Year Equity

Your potential equity after 10 years of payments and appreciation

+$238,621

Appreciation Beats Rent

Potential gain vs 10 years of renting a similar home

$5,051

Monthly Investment

Estimated monthly mortgage payment (principal & interest)

$5,098,653

30-Year Wealth Potential

Total equity after full mortgage payoff with market appreciation

5.3x

Leverage Power

Your $189,800 down payment could grow to $1,010,634 in equity (10 yrs)

Investment Perspective

$1 → $1.75

Every dollar invested today could become $1.75 in 10 years

$100 → 175 $1,000 → $1,751

$150/day

Your home may appreciate while you sleep

$1,052/week $4,559/mo $54,704/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$476K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 83% advantage over stocks

-$522K

+$1.0M

$1.0M Potential Equity

vs $522K lost to rent over 10 years

$190K Down Payment Growth

5.3x

10yr

$1.0M

13x

20yr

$2.5M

26.9x

30yr

$5.1M

Wealth Comparison

×12

Equivalent to 12 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $5.1M

Time to Double Your Investment (accounting for market cycles)

22.5

years

Conservative

3.13% effective/yr

12.4

years

Market-Based Above Avg

5.76% effective/yr

10.6

years

Optimistic

6.76% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $1.3M +36%

Market $1.7M +75%

Optimistic $1.8M +92%

$1.0M est. equity

20 Years

Conservative $1.8M +85%

Market $2.9M +207%

Optimistic $3.5M +270%

$2.5M est. equity

30 Years

Conservative $2.4M +152%

Market $5.1M +437%

Optimistic $6.7M +611%

$5.1M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average

4.27 %

1967 – 2024

57 years of U.S. home price data

Recent Decade Average

6.5 %

2014 – 2024

Post-recovery bull market

Above Historical

Current 6.7% appreciation exceeds the national historical average (4.3%). Market-based projections reflect current conditions that may moderate over time.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 5.8%. Market scenario reflects current 6.7% YoY trend from Redfin (Feb 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Feb 2026

Neighborhood Demographics

ZIP 60631 • 2022 ACS Data

30,418 Population

Median Age: 40.0

$112,974 Median Income

High

$407,400 Median Home Value

Rent: $1,550

50.6% College Graduates

High

Housing

Homeowners 70.2%

Renters 24.2%

Vacancy Rate 5.6%

Employment

3.8% Unemployment

12.4% Work From Home

Education Attainment (Age 25+)

High School+ 95.2%

Bachelor's+ 50.6%

Graduate+ 18.9%

Data from U.S. Census Bureau American Community Survey 2022

Local Market Trends

Real estate market data for Chicago

Warm Market Active market with steady demand

$427,500

Median Sale Price

$270

Price per Sq Ft

Avg Days on Market

Data provided by RentCast

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 6614 W Devon Avenue, Chicago, IL 60631, Chicago, Illinois, United States have?

This apartment at 6614 W Devon Avenue, Chicago, IL 60631, Chicago, Illinois, United States features 7 bedrooms.

What is the listing price for 6614 W Devon Avenue, Chicago, IL 60631, Chicago, Illinois, United States?

This property is listed at $94,900,000.

What are the current real estate market conditions in Chicago?

In Chicago, home prices have increased 14% over the past year, homes typically sell within 58 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.

Is now a good time to buy a home in Chicago?

Based on current market indicators, Chicago shows an active market. The market opportunity score is 45 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 6614 W Devon Avenue, Chicago, IL 60631, Chicago, Illinois, United States?

This is a apartment located in Chicago, Illinois. The property is situated in an established neighborhood with convenient access to local amenities and services.

Brokerage: