Financial
Distress signals
Property profile

5840 W 63Rd St Chicago, IL 60638

FOR LEASE
Retail space
Property ID
US28-2726008
2,100 SF 0.14 ac lot Built 1970
Last sale Feb 2021
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a storefront commercial building containing one rentable unit with approximately 496 square feet of space. It was built in 1970 and is located along 63rd Street in the Clearing business corridor, an area characterized by mixed commercial tenants supporting storefront-oriented uses. The location is near Midway Airport and the Midway Business Center, with access to nearby highways and surrounding suburbs.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$23k
Tax billed · 2022
Assessed value$111k
Assessed land$22k
Assessed improvement$89k
Effective rate20.57%

Value estimate

· Sep 2026
$415k
$374k – $457k
AI approach$330k
NOI build-up
Gross scheduled income$11k
Vacancy & credit loss−$910
Operating expenses−$3k
NOI · 19,061.11% cap applied$7k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$140/SF
ZIP average, outlier-cleaned · 71 recorded sales of this use type
Observed band · Q1–Q3$88 – $255
Qualifying comparables14

Cap rate analysis

How does the asset earn?
19,061.11%
$7k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm27.4
Realty agency23.2
Dental Office21.1

Location

5840 W 63Rd St Chicago, IL 60638
County assessor Recorded deeds · 1 transfer 14 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5901 59th, Chicago, IL 60638-3634 $65,000 Jan 2026 1,500 SF
6656 Archer, Chicago, IL 60638-2420 $425,000 Apr 2025 2,800 SF
6658 Archer, Chicago, IL 60638-2420 $425,000 Apr 2025 2,800 SF
5784 Archer, Chicago, IL 60638-1644 $220,000 Dec 2024 2,200 SF
7017 Archer, Chicago, IL 60638-2201 $650,000 May 2024 1,800 SF
6654 Archer, Chicago, IL 60638-2420 $340,000 Mar 2024 1,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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