6029 W 63rd ST Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60638
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,900 sqft
Price per Sqft $198
MLS Listing ID 12175266
Maintenance Fees $1,175
Year Built 1969
Annual Tax Amount $7,032
Tax Year 2023
Lot Size 3,049 Sqft
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.
Location
State IL
County Cook
Area Chi - Clearing
Zoning MULTI
Interior
Cooling Window Unit(s)
Exterior
Utilities Available Sanitary Sewer,Water-Municipal
Building
Dwelling Type Multi Family 5+
Structure Type Brick