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    1537-1547 63Rd St Chicago, IL 60636

    Sponsored
    For Sale
    $199,000

    0.36-acre lot, B3-2 zoning, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.36-acre commercial land parcel, located at 1537-1547 W 63rd St in Chicago, Illinois (zip code 60636), presents a unique investment opportunity. The property is zoned B3-2, offering considerable development potential. Situated just off the corner of 63rd and Ashland Avenue, this site benefits from exceptional visibility and high traffic counts. Its proximity to the Green Line CTA provides convenient public transportation access. The asking price is $199,000, translating to a land value of $12.69 per square foot. The 15,625 square foot lot is available for sale or ground lease. The location boasts a strong tenant base, with nearby businesses including McDonald's, Checkers, Long John Silver's, and KFC, indicating a thriving commercial environment. This densely populated area ensures a consistent flow of potential customers for any development on this site. The property's strategic location and zoning make it ideal for a variety of commercial ventures. Serious inquiries are encouraged.

    Property Features for 1537-1547 63Rd St

    General Information

    Property type
    Land
    Lot Size
    15,682 SF

    HighLights

    • 0.36‑acre commercial lot available for sale or ground lease.
    • High traffic counts due to prominent corner location at 63rd and Ashland.
    • Surrounded by national tenants including McDonald's, Checkers, Long John Silver's, and KFC.
    • Located in a densely populated area of Chicago, IL (60636), near the Green Line CTA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6632769
    Latitude
    41.779233

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    FAQs

    What type of property is this?
    Land - 0.36-acre lot, B3-2 zoning, high traffic.
    Where is this land located?
    The property is located at 1537-1547 63Rd St 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: 0.36-acre commercial lot available for sale or ground lease.; High traffic counts due to prominent corner location at 63rd and Ashland.; Surrounded by national tenants including McDonald's, Checkers, Long John Silver's, and KFC.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1537-1547 63Rd St Chicago, IL 60636
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