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    1537-1547 63Rd St Chicago, IL 60636

    • Land
    • 0.36 lot acres
    For Sale
    View listing
    $199,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1537-1547 63Rd St

    Lot size
    0.36 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6633
    Latitude
    41.7792

    Comparable in this City

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      4.71 Acres

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      6153 Western Ave

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      0.07 Acres

      5535 Ashland Ave

      COMMERCIAL (GENERAL) • 0.07 Acres
      5535 Ashland Ave, Chicago, IL 60636-1311
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    • Value Estimation by Request
      0.07 Acres

      7316 Ashland Ave

      COMMERCIAL (GENERAL) • 0.07 Acres
      7316 Ashland Ave, Chicago, IL 60636
      View Details

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    Chicago, IL 60636
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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
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