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6029 W 63rd Street

Chicago, IL 60638
  • $975,000
  • STATUS: Active
  • ON SITE: 123 Days
  • MLS #: 12175266
UPDATED: 65 min ago
$975,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1969
County:
Area:

School Ratings & Info

Description

Well-maintained 6-unit multi-family property, located in Chicago's desirable Clearing neighborhood. The building features a mix of three 2-bedroom/1-bath and three 1-bedroom/1-bath units, occupied by long-term tenants paying under market rates. The property includes five parking spaces behind the building and coin-operated laundry. Situated in Clearing, a quiet and friendly area known for its proximity to Midway Airport, major highways, parks, and schools, this location ensures steady tenant demand. At the asking price and with rents adjusted to market levels, the property will generate over a 7% cap rate without the need for improvements. Offering Memorandum available upon request.

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-10T19:03:17.687 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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6029 W 63rd Street Chicago, IL 60638

  • Price: $975,000
  • Status: Active
  • On Site: 123 Days
  • Updated: 65 min ago
  • MLS #: 12175266
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1969
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Well-maintained 6-unit multi-family property, located in Chicago's desirable Clearing neighborhood. The building features a mix of three 2-bedroom/1-bath and three 1-bedroom/1-bath units, occupied by long-term tenants paying under market rates. The property includes five parking spaces behind the building and coin-operated laundry. Situated in Clearing, a quiet and friendly area known for its proximity to Midway Airport, major highways, parks, and schools, this location ensures steady tenant demand. At the asking price and with rents adjusted to market levels, the property will generate over a 7% cap rate without the need for improvements. Offering Memorandum available upon request.
Exterior Features

Exterior Building Type Brick Frontage Type City Street Outdoor Parking 1-5 Spaces

Interior Features

Cooling Window Unit(s) Heat Ventilation Radiators Miscellaneous Inside Storage InsideLaundry Room Number Of Dryers 1 Number Of Ranges 6 Number Of Washers 1

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 4900 Built Before1978 YN Yes Current Use Multi-Family Gross Income 71040 Gross Scheduled Income 72692 Insurance Expense 2923 Maintenance Expense 1175 Mls Actual Status Active Net Operating Income 53108 Operating Expense 16031 Ownership Types Individual Possible Use Multi-Family Tax Annual Amount 7032.56 Tax Year 2023 Tenant Pays Electricity Total Monthly Income 6058 Township Lake Type Multi Family 5+ Utilities Sanitary SewerWater-Municipal Zoning MULTI

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Americorp, Ltd: 773-585-5385.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-10T19:03:17.687 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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