5537 West 63rd Place

Chicago IL 60638

Multi-Family

Currently for sale - view listing

Overview

Solid brick two-flat building with excellent income potential, including a possible third unit in the basement. The first-floor unit has been recently rehabbed and features an in-unit washer and dryer. Current tenants are on a month-to-month lease. The second-floor unit offers three bedrooms and has been occupied by long-term tenants for over 15 years. They are currently on a month-to-month lease and in the process of moving out. This unit will require updates, presenting a great value-add opportunity. Being sold as-is. The basement was previously rented as a one-bedroom unit generating $1,200/month and includes a front-loading washer and dryer. Basement flooring is all ceramic tiles. Please note, the basement has experienced flooding and backup during periods of heavy rain, an issue that has impacted the surrounding block. Ideal for investors or owner-occupants looking to add value and maximize rental income.

Features

5 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

Multi-Family

Property history for 5537 West 63rd Place

2020

Sold

$276,500

22 Sep 2020 by Ali Mallah, of Arc Red Inc Arc Realty Group

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Local market activity for 5 bedroom multi families in Chicago

In the last 12 months, 3 five-bedroom multi families similar to 5537 West 63rd Place, have been sold.

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Margo Nancy Carrasquillo

at Property Services Network

View listing

Sales:: (619) 566-0008

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