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$ 300,000
Est. payment /mo
Active
2701 W 63rd ST Chicago, IL 60629
6,939 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 6,939 sqft
Price per Sqft $43
MLS Listing ID 12332024
Year Built 1955
Annual Tax Amount $5,037
Tax Year 2023
Lot Dimensions 132 X 137
Property Sub-Type Retail/Stores
Property Description
Located in the heart of the Chicago Lawn community, 2701 W 63rd St presents a unique opportunity for investors, developers, or end users with vision. This 6,939 square foot commercial building sits on a generously sized 17,963 square foot corner lot and includes private parking for 20 vehicles-a rare feature in this densely populated urban corridor. Zoned B1-1 Neighborhood Shopping District, the property allows for commercial storefronts on a low-traffic street and permits residential units above the ground floor, opening doors for a mixed-use redevelopment strategy. The site falls under the jurisdiction of Alderwoman Stephanie D. Coleman of the 16th Ward, a district that has seen increasing interest from commercial and community-driven investors alike. Previously operating as a full-service funeral home, the property was designed with care and functionality, offering two private chapels for services, two administrative offices, a fully equipped preparation room, a casket display area, and two restrooms on the main level. A spacious sitting room at the front of the facility once served as a welcoming space for families and guests. However, the building recently experienced a fire that damaged approximately 1,000 square feet of the front sitting room, leaving visible damage that requires remediation. The structure remains fundamentally sound, and the fire-damaged section presents an opportunity for a buyer to renovate and modernize the space while building equity. Above the commercial area sits a two-bedroom, one-bath residential unit, which could serve as additional income-producing space or on-site staff housing. This flexible layout supports a variety of end uses-whether by an established funeral home operator expanding their footprint, a local church or nonprofit seeking a central and community-oriented location, or a commercial real estate developer looking to transform the property into a mixed-use asset. Strategically positioned along 63rd Street, a major East-West thoroughfare, this site enjoys high visibility and strong traffic counts. The property is easily accessible via nearby CTA bus routes, with close proximity to the 63rd Street Red Line Station and major expressways including I-55 and I-90/94, providing excellent connectivity for both patrons and staff. The surrounding area is home to schools, parks, retail corridors, and a vibrant residential base-making this a smart long-term investment for those who can see beyond the current condition and into the future potential. This is more than just a rehab project-it's a rare value-add commercial opportunity in a neighborhood with momentum, offering size, flexibility, and access in one of Chicago's under-the-radar investment corridors. For the right buyer, 2701 W 63rd St represents the chance to create a meaningful commercial asset with community impact and lasting value.
Location
State IL
County Cook
Area Chi - Chicago Lawn
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 2
Structure Type Brick,Concrete
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Listed by Moses Hall • MoHall Commercial & Urban Development