Chicago, IL 60638 6551 W 63rd Street
$420,000



4 more




Presented By: REMAX Legends
Home Details
Prime Mixed-Use investment opportunity in the Clearing neighborhood of Chicago! This versatile mixed-use property offers immediate income potential and long-term upside. The front commercial space includes a private bathroom and is currently leased to a hair salon on a flexible month-to-month basis, providing instant cash flow with flexibility for future use.The rear residential unit features 3 bedrooms, 1 bathroom, and a full basement, currently vacant and ready for occupancy or rental income. A detached 2-car garage adds additional value and convenience. Previously utilized as a car dealership, the property sits on an expansive lot ideal for automotive use, including parking, vehicle sales, or other commercial applications. Zoned C2-2, this property allows for a wide range of business and mixed-use possibilities. Located in a high-visibility, up-and-coming area with strong accessibility, this is a perfect opportunity for investors, owner-users, or developers seeking a flexible, income-producing asset with significant growth potential. Survey available for your convenience.
Presented By: REMAX Legends
General for 6551 W 63rd Street
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseAutomotive
Directionswest of central on 63rd St
ElectricService - 101 to 200 Amps
Electric Expense200
Fuel Expense
Gross Income5000
Insurance Expense
Lot Size Square Feet2850
MLS AreaCHI - Clearing
Net Operating Income60000
Number Of Units Total2
Operating Expense8420
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount4220
Tax Year2025
Tenant PaysAll Utilities
TownshipStickney
Trash Expense50
Water Sewer Expense100
Year Built1962
ZoningCOMMR
Exterior for 6551 W 63rd Street
Building Area Total1800
Lot Dimensions114X75
Additional Details
Price History

SQFT • 1,800