2356 63Rd StChicago, IL 60636

For Sale
$399,000

Chicago Corner Property: Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 2356 W 63rd St in Chicago, IL, presents a compelling investment opportunity. The 8,250 square foot building, constructed in 1956 and renovated in 1990, sits on a 6,373 square foot lot and is zoned B3-2. The two-story structure boasts seven units: five commercial spaces on the ground floor and two residential units upstairs. Currently, the commercial space is 50% occupied, with tenants including State Farm Insurance, a salon school, and a hair salon. A full basement provides ample storage. The building benefits from high visibility due to its corner location at the intersection of W 63rd and S Western, experiencing heavy vehicle traffic (42,200 vehicles per day). Large exterior signage opportunities further enhance its commercial appeal. This owner-user opportunity allows for significant value-add potential within the vibrant Gage Park community. The property's prime location and flexible zoning make it ideal for a variety of retail and residential uses. The asking price is $399,000. The Cook County APN is 20-18-310-036-0000. This is a multi-tenant property with significant upside potential for the savvy investor.

Highlights

  • Corner building at high-traffic intersection.
  • High visibility with 42,200 vehicles per day.
  • Full basement for ample storage.
  • Large exterior signage opportunities.
  • Spacious units, five commercial and two residential.

Property Details for 2356 63Rd St

Property type
Other retail properties, Individual retail properties
Square Feet
8,250 SF
Year Built/Renovated
1956/1990
Buildings
1
Stories
2
Units
7

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.779251876844
Longitude
-87.683569261288
2356 63Rd St, Chicago, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2356 63Rd St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message