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    Property profile & analytics

    2356 63rd St Chicago, IL 60636-2052

    • Retail space
    • 1,400 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $475,000
    Last Sale
    Apr 02, 2025
    $400,000
    Location Intelligence
    Property ID
    US28-2426414
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • LYS School of Hair Braiding, Weaving, Locs / Beauty School

    Property Details for 2356 63rd St

    Year built
    1958
    Lot size
    0.15 lot acres
    Property size
    1,400 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    20-18-310-036
    APU
    2018310036

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $375,000
      6.5%
      $410,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $390,000
      Mixed-Use
      $380,000
      Hospitality
      $475,000
      Educational
      $470,000
      Residential Income
      $465,000
      Energy
      $380,000
      Income-Based Land
      $445,000
      Food Service
      $425,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6834
    Latitude
    41.7795
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $42,545
    $14,343
    $167,532
    $181,875
    -
    $57,372
    $670,128
    $727,500

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      6452 Ashland Ave

      STORE, RETAIL OUTLET • 0.07 Acres
      6452 Ashland Ave, Chicago, IL 60636-2717
      View Details
    • Value Estimation by Request
      0.07 Acres

      6452 Ashland Ave

      STORE, RETAIL OUTLET • 0.07 Acres
      6452 Ashland Ave, Chicago, IL 60636-2717
      View Details
    • Value Estimation
      $3,880,000
      0.58 Acres

      1647 59th St

      STORE, RETAIL OUTLET • 0.58 Acres
      1647 59th St, Chicago, IL 60636-1754
      View Details
    • Value Estimation by Request
      3,500 SF

      6236 Western Ave

      STORE, RETAIL OUTLET • 3,500 SF
      6236 Western Ave, Chicago, IL 60636-2024
      View Details
    • Value Estimation
      $665,000
      54,000 SF

      2254 63rd St

      STORE, RETAIL OUTLET • 54,000 SF
      2254 63rd St, Chicago, IL 60636
      View Details
    • Value Estimation by Request
      13,300 SF

      1604 63rd St

      STORE, RETAIL OUTLET • 13,300 SF
      1604 63rd St, Chicago, IL 60636-2211
      View Details

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    • Contact for pricing
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    2356 63rd St
    Chicago, IL 60636-2052
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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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