6029 West 63rd Street

Chicago, IL 60638

$975,000
Price
9
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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....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.

Property Details for 6029 West 63rd Street

Area
CHI - Clearing
Township
Lake
Zoning
MULTI
LISTING UPDATED: 10/28/2024 12:34 PM

Property Details for 6029 West 63rd Street

StatusActive
MLS #12175266
Days on Market38
Taxes$7,033 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1969
Lot Size0.13 AC / 5,700 SF
CountyCook County

Building Information for 6029 West 63rd Street

Stories3Year Built1969Building Size-Lot Size0.13 AC / 5,700 SF

Property Information for 6029 West 63rd Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • # Of Washers: 1
  • Heat/Ventilation: Radiators
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • Misc Inside: Storage Inside,Laundry Room
  • # Of Dryers: 1
  • Num of Baths: 6.0
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 50X114
  • Lot Size Square Feet: 5700.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 4900
  • Lot Size Source: Owner
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 39
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $421.00
  • Fuel Expense: $3,013.00
  • Gross Income: $71,040.00
  • Gross Scheduled Income: $72,692.00
  • Insurance Expense: $2,923.00
  • Maintenance Expense: $1,175.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 6058
  • Water Expense Source: Actual
  • Net Operating Income: $53,108.00
  • Operating Expense: $16,031.00
  • Other Expense: $696.00
  • Trash Expense: $1,546.00
  • Water Sewer Expense: $2,646.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 6029 West 63rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6029 West 63rd Street

Taxable ValueLand$3,562Additions$13,437Total$16,999
Tax Record2022$3,516 ($293 / month)
Home Facts
Baths4Total Finished SqFt3,328 SqFtAbove Grade Finished SqFt3,328 SqFtStories2Lot Size2,850 SqFtStyleMulti-Family Res (5+ Units)Year Built1967CountyCOOKAPN19-20-103-013

Schools near 6029 West 63rd Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 2
Rating
School
Distance
Hale Elementary School
PublicK to 8

Kennedy High School
Public9 to 12

Hancock College Preparatory High School
Public9 to 12

Blair Early Childhood Center
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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6029 West 63rd Street is a multi-family home for sale in Chicago, IL 60638. This property was listed for sale on October 9, 2024 by Americorp, Ltd, it's currently listed at $975,000. It has been on the market for a total of 38 days and was last sold on August 23, 2022. This listing's school district is Chicago Public Schools. Nearby schools include Hale Elementary School, Kennedy High School and Hancock College Preparatory High School. 6029 West 63rd Street is a 9-bed, 6-bath, multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Americorp, Ltd

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/28/2024 12:34 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.