4017 W 63rd Street, Chicago, IL 60629
sale
$199,000
|
Retail
Listed By CENTURY 21 Circle
Great investment opportunity! This approximately 1,600 sq. ft. commercial storefront is currently occupied and utilized as storage by the adjacent tenant. The space includes a retail layout, private office, storage area, and separate men's and women's restrooms. The property offers 2 rear parking spaces. The HVAC system, including furnace, central air, and coil, was replaced within the last year. Tenant is on a month-to-month lease, offering flexibility for investors or owner-users. Current rent is $1,250/month, with tenant responsible for gas, electric, water, and business insurance. Current rent equates to approximately $9.40/SF annually, offering upside potential as market rents are higher in the area. Property can be purchased individually or as part of a package with the neighboring 4019 W. 63rd St. MLS #12615865, creating a larger investment opportunity with combined income potential. Strong location with great potential for future growth or redevelopment.
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Property Features
- Cross Docks: N
- For Auction: N
- Lot Size In Text: 3125 Sq. Ft.
- MLSID: 12616566
- Parking Places: 0
- Price Per Area: 0.00
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Tax Year: 2024
- Taxes: $6214.00
- Year Built: 1961
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