1813 63Rd StChicago, IL 60636

For Sale
$469,900

Chicago Multifamily & Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property in Chicago's growing Englewood neighborhood presents a unique investment opportunity. The building features two well-appointed 3-bedroom, 1-bathroom residential units, each providing comfortable living spaces and generating a combined gross annual rental income of $67,800. Two commercial storefronts are situated on a high-traffic street, offering excellent visibility and ideal spaces for entrepreneurs or small businesses. One storefront is currently leased to a liquor store with a 17-year history, providing a stable income stream. The property is fully rented, boasting a gross rent multiplier of 6.9. Annual expenses include real estate taxes ($2,109.42), fuel ($350), electricity ($250), water ($200), scavenger ($200), and insurance ($3,000). The property has two PIN numbers: 20192030040000 and 20192030050000. This investment offers multiple income streams and strong potential for future growth in a vibrant urban location. The asking price is $469,900. Total monthly income is $5,650. The property is located at 1813 W 63rd St, Chicago, IL 60636.

Highlights

  • $67,800 Gross Annual Rental Income.
  • 6.9 Gross Rent Multiplier.
  • $5,650 Total Monthly Income.
  • $2,109.42 Annual Real Estate Taxes.
  • $3,850 Annual Operating Expenses (Fuel: $350, Electricity: $250, Water: $200, Scavenger: $200, Insurance: $3,000).

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7790881
Longitude
-87.6697638
1813 63Rd St, Chicago, Illinois

FAQs

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1813 63Rd St
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