Mixed-Use Building on 63rd St. with Strong In-Place Income
No Longer Available
1632 W. 63rd St.
Chicago, IL 60636
14,000 SF
Mixed-Use Building
The Details
- 14,000 SF mixed-use building
- Six storefront units
- Second floor built out as 2,500 SF office and 4 apartments
- 3 studios and a 2 bed apartment
- Recent updates include new windows, electrical, and HVAC
- Individually metered units
- Great potential for user or investor
- Est. 2017 NOI: $43,662
- Land Area: 7,156 SF
- Zoning: RS-3
- Part of 63rd/Ashland TIF
Located in an Opportunity Zone
At the corner of 63rd and Marshfield, a 14,000 square foot mixed-use building is available for sale. The property features six storefronts, three with frontage on 63rd Street. The second floor is built-out as a 2,500 square foot office, 3 studio apartments and a 2 bedroom apartment. The second floor can potentially be rehabbed to add value. Recent updates to the building include new windows, a new electrical system and new HVAC. The storefronts are individually metered, with low expenses for the owner.
The 63rd/Ashland Green Line stop, with its combined El and bus station plus a kiss n’ ride lot, is a major hub in the area, drawing potential customers for the storefront tenants.