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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12339354
Year Built 1965
Annual Tax Amount $6,534
Tax Year 2023
Lot Dimensions 50X125
Property Sub-Type Mixed Use
Property Description
Prime Mixed-Use Investment Opportunity in Chicago's Thriving 63rd Street Corridor This fully leased 4-unit B1-1 zoned building offers immediate cash flow and long-term upside. Featuring three commercial storefronts and one residential apartment, the property generating a steady monthly income. Rental Income Breakdown: ask* * Insurance Office -(18-year tenant) * Zumba Studio - * Youth Learning Center - (recently renovated with new A/C) * Upstairs Apartment - (updated kitchen in 2023, remodeled bathroom in 2020) Property Highlights: * B1-1 zoning allows for flexible redevelopment or continued mixed-use investment * All tenants are month-to-month and take care of their own utilities * New windows throughout the building * Quartz countertops with original solid wood cabinets in the apartment * Property sits on two lots * Low taxes -2 lots * Fully leased with long-term, stable tenants Located in a high-traffic, up-and-coming area, this property is ideal for investors seeking strong rental income, future redevelopment potential, or value appreciation. Priced to sell with immediate income in place.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Yezenia Chavez Angulo • Realty of America, LLC