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About the Listing 86967 - 401869
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.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Commercial Sale
MLS ®
12615865
Year Built
1961
Total Square Footage
3,000
Lot/Acreage
0.09
County
Cook
Area
CHI - West Lawn
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central Heat/Indiv Controls,Forced Air
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 30X125
- Zoning: RTAIL
- Roof:
- Others:
- Sewer:
- Parking Features: Parking-Street
Financial Details
- Tax Amount: $6,214
- Taxes w/Assessments: N/A
- Tax/Property ID: 19222070020000
- Tax Year: 2024
Payment Calculator
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Questions About..
4019 W 63rd St Chicago, IL 60629
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