Property summary
This exceptional mixed-use property, located at 2356 W 63rd St in Chicago, IL, presents a compelling investment opportunity. The 8,250 square foot building, constructed in 1956 and renovated in 1990, sits on a 6,373 square foot lot and is zoned B3-2. The two-story structure boasts seven units: five commercial spaces on the ground floor and two residential units upstairs. Currently, the commercial space is 50% occupied, with tenants including State Farm Insurance, a salon school, and a hair salon. A full basement provides ample storage. The building benefits from high visibility due to its corner location at the intersection of W 63rd and S Western, experiencing heavy vehicle traffic (42,200 vehicles per day). Large exterior signage opportunities further enhance its commercial appeal. This owner-user opportunity allows for significant value-add potential within the vibrant Gage Park community. The property's prime location and flexible zoning make it ideal for a variety of retail and residential uses. The asking price is $399,000. The Cook County APN is 20-18-310-036-0000. This is a multi-tenant property with significant upside potential for the savvy investor.
Property profile
VerifiedCap rate & NOI
Current use
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Vocational School Training Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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