937 W 59th Street
Chicago, IL 60621

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Description

Unlock the potential of this well-located and adaptable mixed-use property, offering both commercial and residential income streams. Situated on vibrant West 59th Street, this 2-unit building presents a unique opportunity for investors, small business owners, or live/work buyers looking to capitalize on a high-visibility location. Property Highlights: First Floor - Commercial Storefront (Retail/Office Use): The ground level features an open-concept retail space, previously utilized as a beauty salon. The flexible layout includes large front-facing windows for natural light and visibility. Perfect for salon/barbershop, boutique, convenience store, office, or professional services. Second Floor - Residential Apartment: The upper unit is a well-maintained 2-bedroom, 1-bath apartment with a spacious living room, eat-in kitchen, and ample closet space. Great rental income potential or ideal for an owner/operator looking to live above their business. Parking & Outdoor Space: Garage parking accommodates up to 2 vehicles, with alley access. Small backyard area offers additional space for garbage, deliveries, or potential outdoor upgrades. Location & Accessibility: Located on the CTA #59 59th/61st bus route 0.2 miles to CTA #8 Halsted - easy north-south city access 0.7 miles to CTA Green Line - Halsted Station - direct train service to Downtown and South Side neighborhoods Surrounded by established businesses, schools, and residential homes - ideal for steady foot traffic and neighborhood clientele Zoning & Investment Potential: Zoned B1-1, allowing for a wide variety of small-scale retail and service uses Ideal for an owner-occupant, investor, or business expansion Potential to increase rents with cosmetic updates or full modernization Can qualify for small business grants or commercial corridor revitalization programs (buyer to verify) This is a rare chance to own a multi-use asset in a well-connected area with strong upside potential. Whether you're looking to expand your business, begin your investing journey, or generate dual income, this property checks all the boxes. Schedule your private tour today!

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60621
• Year Built: 1896
• Stories: 2
• Units: 2 units
• # Of Apts: 1
• # Of Stores: 1
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick, Concrete
• Directions: East or West on 59th Street to property.
• Electric: Circuit Breakers
• Electric Expense Source: Combination
• Foundation Details: Concrete Perimeter
• Fuel Expense Source: Combination
• Geographic Locale: Chicago South
• Heat/Ventilation: Radiators
• Indoor Parking: Detached
• Information: 24-Hr Notice Required, List Broker Must Accompany, Short Notice OK
• Insurance Expense Source: Combination
• Lot Size Square Feet: 4000
• Main Type: Commercial Sale
• Other Expense Source: Combination
• Roof: Tar/Gravel
• Roof Structure: Flat
• Tax Annual Amount: 2109.9
• Tax Year: 2023
• Tenant Pays: Varies by Tenant
• Total Annual Expense Source: Actual
• Trash Expense Source: Combination
• Water Expense Source: Combination