4019 W 63rd Street Chicago, IL 60629

Retail MLS #: 12615865 Listed By CENTURY 21 Circle

Property InformationDescription

Income-Producing West Lawn Storefront with Value-Add Flexibility! Prime commercial investment opportunity in the West Lawn neighborhood of Chicago. This approximately 3,000 sq. ft. storefront is currently occupied by a convenience store tenant, providing immediate rental income. The space features a spacious retail area, private office, storage room, and separate men's and women's restrooms. The property includes 3 rear parking spaces and a furnace replaced approximately 7 years ago. Tenant is on a month-to-month lease, offering flexibility for investors or potential owner-users. Current rent is $1,850/month, with tenant responsible for gas, electric, water, and business insurance. Rent equates to approximately $7.40/SF annually, offering significant upside potential as market rents in area are much higher. Tenant has expressed a desire to remain in place and understands rent is below market and subject to increase. Property may be purchased individually or as part of a package with the adjacent 4017 W. 63rd St. (separate PIN), creating additional value and income potential. Located along the high-traffic 63rd Street corridor, this property benefits from strong visibility, steady foot traffic, and a well-established commercial presence.

Features

  • Cross Docks: N
  • For Auction: N
  • Lot Size In Text: 3750 Sq. Ft.
  • MLSID: 12615865
  • 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