Mixed-Use Building with
For Sale
$439,900
1813 W 63rd St, Chicago, IL 60636
Fully leased property combining residential apartments with street-level commercial space.
Property Size2,424 SF
Price / SF$181.48
Days on Market68
Property Features for 1813 W 63rd St
General Information
Standard status
Active
Size
2,424 SF
Occupancy
100%
Building Details
Year Built
1916
Tenancy
Multi
Listing Agency:
eXp Realty
Listed By:
Reginald Patterson · License #471003428
(773) 606-6515
Source:
Liveliferealty
Added: Aug 9
Changed: Oct 15
Last Checked: Oct 15 at 12:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
Constructed in 1916, this 2,424-square-foot mixed-use building combines four income-producing spaces under one roof. The residential component includes two three-bedroom, one-bath units, while two commercial storefronts occupy the balance of the property. The building is fully rented, providing an existing combination of residential and commercial occupancy.
One storefront is occupied by a liquor store that has operated at the property for over 17 years. The asset is located at 1813 W 63rd St in Chicago, Illinois 60636, and is associated with two PINs: 20192030040000 and 20192030050000.
One storefront is occupied by a liquor store that has operated at the property for over 17 years. The asset is located at 1813 W 63rd St in Chicago, Illinois 60636, and is associated with two PINs: 20192030040000 and 20192030050000.
Key Highlights
- 2,424‑square‑foot mixed‑use building constructed in 1916
- Two residential units, each with 3 bedrooms and 1 bath
- Two commercial storefronts included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,408
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,160
$808.2K
Cap Rate 7%
$577,257
$577.3K
Cap Rate 9%
$448,978
$449.0K
Market Conditions
NOI Build-Up for 2,424 SF
Gross rent
$61.1K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$57.7K $23.81/SF
− OpEx
−$17.3K −$7.14/SF
NOI
$40.4K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,160
Cap Rate 7%
$577,257
Cap Rate 9%
$448,978
Alternative Uses
Best Use
Mixed Use
$584.4K
$511.3K – $681.8K
NOI $40,905 @ 7.0% cap · market cap 9.30%
Second Best
Multifamily LT 5
$577.3K
$505.1K – $673.5K
NOI $40,408 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,004 @ 7.0% cap · market cap 18.19%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 60636, IL
34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combining residential apartments with street-level commercial space.
Where is this mixed-use property located?
The property is located at 1813 W 63rd St Chicago, IL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 2,424‑square‑foot mixed‑use building constructed in 1916; Two residential units, each with 3 bedrooms and 1 bath; Two commercial storefronts included
