3933 63rd St 2 Chicago, IL 60629-4664

This exceptional mixed-use investment property in Chicago's vibrant Cook County presents a compelling opportunity. Located at 3933 W 63rd St, 60629, this fee-simple owned building boasts 7,037 square feet on a 6,300 square foot lot, zoned B1-1. The three-story, 1927-built structure comprises eight units: three storefronts, one three-bedroom/one-bath apartment, one studio/one-bath apartment, and three two-bedroom/one-bath apartments. Currently operating at 100% occupancy with mostly month-to-month tenants, the property generates a strong net operating income (NOI) of $114,976, yielding an 8.52% cap rate. A pro-forma NOI of $141,000 projects a 10.44% cap rate. Additional features include a three-car brick garage, one exterior parking space, and a sizable backyard. The asking price is $1,350,000 ($191.84/sq ft), representing a land value of $14.20/sq ft. The property is sold "as is, where is," with the roof in good condition and no city building violations. This stabilized investment offers significant upside potential with its strong cash flow and prime location. All units have separate forced-air heat. The property is currently 100% occupied, with an occupancy date of August 29, 2024.