6016 W 63Rd St Chicago, IL 60638
Property profile & analytics
6016 W 63Rd St Chicago, IL 60638
- Retail space
- 8,500 SF
- 0.07 lot acres
Property ID
US28-0962671
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.
Location Intelligence
Current Use by Public Records
- Walgreens / Pharmacy
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
- Walgreens Pharmacy / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
- Walgreens Photo / (Bike/Boat/Book/etc) Store
Property Details for 6016 W 63Rd St
- Year built
- 1992
- Lot size
- 0.07 lot acres
- Property size
- 8,500 SF
- Property type
- Retail space
- APN
- 19-17-332-034
- APU
- 1917332034
Description
This exceptional investment opportunity presents a 14,050 square foot Walgreens located in Chicago, IL, at 6016 W 63rd St, 60638. The property boasts a 13-year absolute NNN lease with a credit-rated tenant, Walgreens (NASDAQ: WBA), commencing September 1, 2022, and expiring August 31, 2035, leaving 10.8 years remaining. The lease includes attractive 5% rent bumps every 5 years, minimizing landlord responsibilities. The property features 32 parking spaces and sits on a 0.77-acre lot, built in 2001. With a current NOI of $351,250 and an asking price of $4,950,000, this translates to a 7.10% cap rate and a price per square foot of $352.31. The property benefits from a dense population, with 22,750 individuals within a 1-mile radius, and its strategic location less than 3 miles from Chicago Midway International Airport and 10 miles from downtown Chicago. The property is situated on a hard corner at a signalized intersection, providing excellent visibility and accessibility. This stabilized investment offers a strong return with minimal management requirements, making it an ideal addition to any portfolio. The property enjoys 100% occupancy and benefits from the strong retail market in Chicago, the third largest economy in the nation. The lease includes 12 lease options.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,005,000
- ML approach
- $5,035,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7723
- Latitude
- 41.7781
- 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
$8,090
$11,132
$28,202
$39,334
-
$44,528
$112,808
$157,336
