1813 W 63rd Street
Chicago, IL 60636

Tools & Resources:

Description

This exceptional mixed-use property situated in the growing Englwood neighborhood featuring a unique investment opportunity with both residential and commercial spaces, making it ideal for those looking to generate multiple streams of income. The property provides the new owner with two well-appointed residential 3 Bedroom - 1 Bath units, each offering comfortable living spaces. In addition, the two commercial storefronts are positioned on a high-traffic street. It boasts excellent visibility, and ideal for entrepreneurs or small businesses looking to thrive in a busy urban environment. The second commercial unit is currently leased to a liquor store, and has been in business over the last 17yrs providing immediate and steady income stream. The building is fully rented. There are two Pin numbers. 20192030040000 and 20192030050000.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60636
• Year Built: 1916
• Sq.Ft.: 2,424 sq ft
• Stories: 2
• Units: 4 units
• # Of Apts: 2
• # Of Offices: 1
• # Of Stores: 1
• Additional Parcels: Yes
• Approximate Age: Older
• Building Area Total: 2424
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: East or West on 63rd St to subject property.
• Electric: Separate Meters
• Electric Expense: 250
• Fire Protection: Smoke or Fire Protectors
• Fuel Expense: 350
• Geographic Locale: Chicago South
• Gross Income: 67800
• Gross Rent Multiplier: 6.9
• Gross Scheduled Income: 67800
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 3000
• Lot Size Square Feet: 3534
• Main Type: Commercial Sale
• Property Sub Type: Mixed Use
• Tax Annual Amount: 2109.42
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Monthly Income: 5650
• Township: Lake
• Trash Expense: 200
• Water Drainage: Storm Sewers
• Water Sewer Expense: 200