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Brick Mixed-Use Building with Apartment
For Sale
$259,900

3116 W 63RD Street #5, Chicago, IL 60629

Two-level property combines open commercial space with an upstairs apartment and basement storage in Chicago Lawn.

Property Size4,025 SF
Days on Market28

Property Features for 3116 W 63RD Street #5

General Information

Standard status Active
Size 4,025 SF
Property subtype Commercial
Zoning COMMR

Units

Unit Mix 1 x 3BR/1BA
Multifamily Units 1

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $2,638

Amenities

basement storage
private rear access

Building Details

Building Size 4,025 SF
Year Built 1949
Buildings 1
Stories 2
Units 2
Construction brick
Listing Agency: REMAX Legends
Listed By: Edgardo Guerrero · License #475159071
Source: Perillorealestategroup
Added: Aug 4 Changed: Aug 29 Last Checked: Aug 30 at 5:46PM

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 REMAX Legends

Investment Insights

Based on property information with market context.

Built in 1949, this brick mixed-use property includes approximately 2,500 sq. ft. of commercial area on the main level, with an open showroom-style layout, basement storage, and private rear access. The upper floor contains a 3-bedroom, 1-bath apartment with a living room, dining room, and kitchen. The property is being sold AS-IS and offers a combined commercial and residential configuration.

The building fronts 63rd Street in Chicago Lawn, positioned 1/2 block east of Kedzie Ave. The surrounding corridor includes established national and local businesses. Zoning is identified as COMMR. The existing arrangement supports an owner-occupant seeking commercial space below a residence, as well as separate commercial and residential income uses.

Key Highlights

  • Approximately 2,500 sq. ft. of main‑level commercial space
  • Upper‑floor 3‑bedroom, 1‑bath apartment
  • Open showroom layout with basement storage

Property Analytics

Current Use

California Warehouse Furniture Department Store

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Pharmacy Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,184
Businesses Nearby

Demographics for 60629, IL

114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines open commercial space with an upstairs apartment and basement storage in Chicago Lawn.
Where is this mixed-use property located?
The property is located at 3116 W 63RD Street #5 Chicago, IL.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Approximately 2,500 sq. ft. of main‑level commercial space; Upper‑floor 3‑bedroom, 1‑bath apartment; Open showroom layout with basement storage
More about this property
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