Listing provided courtesy of REMAX LegendsMREDas Distributed by MLSGrid- MLS# 12611378
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Request Info6551 W 63rd StreetChicago, IL 60638
Commercial · 1,800 Sq. ft.$395,000
Price Change
6551 W 63rd Street Overview
- Time on Site:
- 84 days
- Visits:
- 0
Prime Mixed-Use investment opportunity in the Clearing neighborhood of Chicago! This versatile mixed-use property offers immediate income potential and long-term upside. The front commercial space includes a private bathroom and is currently leased to a hair salon on a flexible month-to-month basis, providing instant cash flow with flexibility for future use.The rear residential unit features 3 bedrooms, 1 bathroom, and a full basement, currently vacant and ready for occupancy or rental income. A detached 2-car garage adds additional value and convenience. Previously utilized as a car dealership, the property sits on an expansive lot ideal for automotive use, including parking, vehicle sales, or other commercial applications. Zoned C2-2, this property allows for a wide range of business and mixed-use possibilities. Located in a high-visibility, up-and-coming area with strong accessibility, this is a perfect opportunity for investors, owner-users, or developers seeking a flexible, income-producing asset with significant growth potential. Survey available for your convenience.
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6551 W 63rd Street Facts & Features
- Type Commercial
- Sq. ft. 1,800
- Price/Sq.ft. $219
Details
General
Income/Expenses
- Electric Expense: 200
- Fuel Expense: 0
- Gross Income: 5000
- Gross Scheduled Income: 69000
- Insurance Expense: 0
- Net Operating Income: 60000
- Operating Expense: 8420
- Trash Expense: 50
- Water Sewer Expense: 100
Building Information
- Year Built: 1962
Business Information
- Current Use: Automotive
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Clearing
- Township: Stickney
Rent/Lease Information
- Tenant Pays: All Utilities
Tax Information
- Tax Annual Amount: $4,220.00
- Tax Year: 2025
General Information
- Parcel Number: 19192020740000
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 1800
General Information
- Cooling: Central Air
- Electric: Service - 101 to 200 Amps
- Stories: 1
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 114X75
- Lot Size Square Feet: 2850
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 2
6551 W 63rd Street Neighborhood
Community
60638 (CHICAGO) Demographics
38
Median Age
5,137
Population Density (per sq. mile)
31%
College Educated
$68,041
Estimated Median Income
15,909
Estimated Total Home Owners
4,317
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.6551 W 63rd Street Monthly Cost
6551 W 63rd Street Market Data
Based on the last 30 days in this zip code
$365,806
Average List Price
$252
Average Price per Square Foot
34
Properties Sold
52
Average Days on Market
119
Properties for Sale
6551 W 63rd Street History
| Date | Value | Agent |
|---|---|---|
| 6/25/2026Source: MRED | $395,000 -6.0% |
|
| 6/25/2026Source: MRED | Price Change |
|
| 4/11/2026Source: MRED | Active |
|
| 4/6/2026Source: MRED | April 06, 2026 |