3257-3259 W 63rd St - Apartments FOR SALE


Chicago, IL 60629- Marquette Park
$799,900 USD
3257-3259 W 63rd St, Chicago, IL for Sale
$799,900 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

3257-3259 W 63rd St
Chicago, IL 60629
Marquette Park


HIGHLIGHTS

  • Mixed Use building
  • 9 apartments
  • 6 storefronts
  • Prime location
  • Great income property
  • Low maintenance building

OVERVIEW

Prime mixed-use investment property in the heart of Chicago's vibrant South Side- Marquette Park neighborhood. This building includes addresses: 3249-3259 W 63rd St & 6309-6311 S Spaulding Ave. Located directly on high-visibility 63rd Street with excellent access and foot traffic, this asset offers strong upside potential. The building features 9 residential apartments (100% occupied) and 6 commercial storefronts (3 currently leased, 3 vacant for immediate value-add potential).Enjoy a solid income stream with favorable utility structures: residential tenants pay their own gas and electric, while commercial tenants cover gas, water, and electric. With full occupancy, this property delivers an exceptional monthly revenue return

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$31 USD /SF

# OF UNITS

15

PRICE/UNIT

$53,327

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

B1-1

APN/PARCEL ID

19-23-203-001-0000

ASK ABOUT THIS PROPERTY

Ned MalleyInfiniti PropertiesMore Info

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