6551 W 63rd Street
Chicago, IL 60638

Tools & Resources:

Description

Prime Mixed-Use investment opportunity in the Clearing neighborhood of Chicago! This versatile mixed-use property offers immediate income potential and long-term upside. The front commercial space includes a private bathroom and is currently leased to a hair salon on a flexible month-to-month basis, providing instant cash flow with flexibility for future use.The rear residential unit features 3 bedrooms, 1 bathroom, and a full basement, currently vacant and ready for occupancy or rental income. A detached 2-car garage adds additional value and convenience. Previously utilized as a car dealership, the property sits on an expansive lot ideal for automotive use, including parking, vehicle sales, or other commercial applications. Zoned C2-2, this property allows for a wide range of business and mixed-use possibilities. Located in a high-visibility, up-and-coming area with strong accessibility, this is a perfect opportunity for investors, owner-users, or developers seeking a flexible, income-producing asset with significant growth potential. Survey available for your convenience.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60638
• Year Built: 1962
• Sq.Ft.: 1,800 sq ft
• Stories: 1
• Units: 2 units
• Zoning: COMMR
• # Of Apts: 2
• # Of Offices: 1
• # Of Stores: 1
• # Of Tenants: 1
• Approximate Age: 26-35 Years
• Building Area Total: 1800
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air
• Directions: west of central on 63rd St
• Electric: Service - 101 to 200 Amps
• Electric Expense: 200
• Fire Protection: Alarm On Site, Fire Extinguisher/s
• Geographic Locale: Downtown Chicago, Chicago West
• Gross Income: 5000
• Gross Rent Multiplier: 6.08
• Gross Scheduled Income: 69000
• Heat/Ventilation: Gas
• Lot Size Square Feet: 2850
• Main Type: Commercial Sale
• Operating Expense: 8420
• Outdoor Parking: 19-30 Spaces
• Roof Structure: Flat
• Tax Annual Amount: 4220
• Tax Year: 2025
• Tenant Pays: All Utilities
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 5750
• Township: Stickney
• Trash Expense: 50
• Water Sewer Expense: 100