5840 W 63Rd St - Freestanding FOR SALE


Chicago, IL 60638- Clearing
$530,000 USD
224-627-1295
5840 W 63Rd St, Chicago, IL for Sale
$530,000 USD
Freestanding - FOR SALE
1/36
null | 4.31% Cap Rate

5840 W 63Rd St
Chicago, IL 60638
Clearing


HIGHLIGHTS

  • -Strong Proforma
  • Value Add
  • High Traffic Area

OVERVIEW

Prime investment opportunity in Chicago's Clearing neighborhood! This well-maintained commercial storefront at 5840 W 63rd St features four rentable units, all currently leased. A newly signed tenant just secured the 496 SF space at $1,500/month as a tattoo shop-demonstrating strong market demand and proving rental upside for the larger suites. The remaining three units range from 1,000-1,550 SF, offering ample room for future rental growth. With a diverse tenant mix, visible frontage along 63rd Street, and steady neighborhood traffic, this property delivers both stability and upside potential. Tenants pay electric, gas, garbage. Owner Pays: Taxes, Insurance, Water

FOR SALE DETAILS

PRICE

$530,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

4.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B1-1

APN/PARCEL ID

19-17-426-039-0000,19-17-426-040-0000

ASK ABOUT THIS PROPERTY

Anthony MunozListing Leaders NWMore Info
224-627-1295

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Anthony MunozListing Leaders NWMore Info
224-627-1295

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.