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Brick Mixed-Use Building
New
For Sale
$199,000

3116 W 63rd St Unit 5, Chicago, IL 60629

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

Property Size4,025 SF
Price / SF$49.44
Days on Market3

Property Features for 3116 W 63rd St Unit 5

General Information

Standard status Active
Size 4,025 SF

Property Condition

Severity Repairs Needed
Evidence ready for your renovation ideas

Building Details

Year Built 1949
Buildings 1
Stories 2
Construction brick
Listing Agency: REMAX Legends
Listed By: Edgardo Guerrero · License #475159071
Source: Liveliferealty
Added: Sep 13 Last Checked: Sep 14 at 4:47PM

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 building combines commercial and residential components across two levels. The main floor contains approximately 2,500 square feet of open showroom space, along with basement storage and private access at the rear. The space was previously used for furniture retail and can accommodate a range of commercial configurations, including retail, office, professional, medical, or service-related operations.

The second floor includes a three-bedroom, one-bath apartment with a living room, dining room, and kitchen. Positioned on 63rd Street in Chicago Lawn, the property is one-half block east of Kedzie Avenue and surrounded by established national and local businesses. The building is offered in its current as-is condition.

Key Highlights

  • Approximately 2,500 sq. ft. of main‑level commercial space
  • Three‑bedroom, one‑bath second‑floor apartment
  • Brick mixed‑use building constructed in 1949

Property Analytics

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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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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.
Where is this mixed-use property located?
The property is located at 3116 W 63rd St Unit 5 Chicago, IL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Approximately 2,500 sq. ft. of main‑level commercial space; Three‑bedroom, one‑bath second‑floor apartment; Brick mixed‑use building constructed in 1949
More about this property
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