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5840 W 63Rd St 4,603 SF 100% Leased Retail Building Chicago, IL 60638 $530,000 ($115.14/SF) 4.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Proforma
- High Traffic Area
- Value Add
EXECUTIVE SUMMARY
Prime investment opportunity in Chicago's Clearing neighborhood! This well-maintained commercial storefront at 5840 W 63rd St features four rentable units, all currently leased. A newly signed tenant just secured the 496 SF space at $1,500/month as a tattoo shop-demonstrating strong market demand and proving rental upside for the larger suites. The remaining three units range from 1,000-1,550 SF, offering ample room for future rental growth. With a diverse tenant mix, visible frontage along 63rd Street, and steady neighborhood traffic, this property delivers both stability and upside potential.
Tenants pay electric, gas, garbage.
Owner Pays: Taxes, Insurance, Water
Tenants pay electric, gas, garbage.
Owner Pays: Taxes, Insurance, Water
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$87,600
|
$19.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$87,600
|
$19.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$35,962
|
$7.81
|
| Net Operating Income |
$51,638
|
$11.22
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $87,600 |
| Annual Per SF | $19.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $87,600 |
| Annual Per SF | $19.03 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $35,962 |
| Annual Per SF | $7.81 |
| Net Operating Income | |
|---|---|
| Annual | $51,638 |
| Annual Per SF | $11.22 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,603 SF
Building Class
C
Year Built
1968
Price
$530,000
Price Per SF
$115.14
Cap Rate
4.31%
NOI
$22,848
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
B1-1
Parking
11 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Real Estate
- 1,054 SF
- -
- -
- -
Established in 1978, Americorp Real Estate has since been one of the leading companies in the greater Chicagoland area. Since their agents understand how personal buying and selling property can be, customers compliment their professionalism and passion for this industry. Their reliable, reassuring, no-pressure reputation is what helped Americorp Real Estate remain one of the top companies for over 30 years. They have two convenient locations, Garfield Ridge and the River North neighborhood of Chicago.
- Cipriani's Pizza
- Accommodation and Food Services
- 1,503 SF
- -
- Plus Utilities
- -
- Rollers & Cuts
- Services
- 1,550 SF
- -
- -
- -
- Tattoo Studio
- Services
- 496 SF
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Real Estate | 1,054 SF | - | - | - | |
| Cipriani's Pizza | Accommodation and Food Services | 1,503 SF | - | Plus Utilities | - | |
| Rollers & Cuts | Services | 1,550 SF | - | - | - | |
| Tattoo Studio | Services | 496 SF | - | - | - |
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $63,696 (2024) | |
| Land Assessment | $34,804 (2024) | Total Assessment | $98,500 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$34,804 (2024)
Improvements Assessment
$63,696 (2024)
Total Assessment
$98,500 (2024)
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5840 W 63Rd St
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