1813 63Rd StChicago, IL 60636

Property Details for 1813 63Rd St

Year built

1916

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

2,424 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

20-19-203-004

APU

2019203004

Description

This exceptional mixed-use property in Chicago's growing Englewood neighborhood presents a unique investment opportunity. The building features two well-appointed 3-bedroom, 1-bathroom residential units, each providing comfortable living spaces and generating a combined gross annual rental income of $67,800. Two commercial storefronts are situated on a high-traffic street, offering excellent visibility and ideal spaces for entrepreneurs or small businesses. One storefront is currently leased to a liquor store with a 17-year history, providing a stable income stream. The property is fully rented, boasting a gross rent multiplier of 6.9. Annual expenses include real estate taxes ($2,109.42), fuel ($350), electricity ($250), water ($200), scavenger ($200), and insurance ($3,000). The property has two PIN numbers: 20192030040000 and 20192030050000. This investment offers multiple income streams and strong potential for future growth in a vibrant urban location. The asking price is $469,900. Total monthly income is $5,650. The property is located at 1813 W 63rd St, Chicago, IL 60636.

• CAP approach

  CAP return

  Valuation

  6%

  $965,966

  6.5%

  $891,661

  7%

  $827,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $489,375

  Geo Method

  $489,375

• Alternative Use

  Use

  Valuation

  Residential

  $891,661

  Hospitality

  $816,756

  Educational

  $679,532

  Medical

  $702,902

  Retail

  $1,057,049

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7791

Longitude

-87.6697

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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