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Commercial > Multi-family / Apartments
Active
04/08/2025
List Price
$300,000$43/ft²

2701 63rd St
Chicago, IL 60629

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  • Malobo BannerMalobo Banner Square
    2701 63rd St, Chicago, IL 60629 is a 2 bed, 4 bath, 6,939 ft² multi-family/apartments property built in 1955 on a 0.412 acre lot with 1 construction permit. This multi-family/apartments is currently on the market for $300,000.

    MLS Description

    The listing agent's description. Original Listing

    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.

    Listing Agents

    The listing agent for 2701 63rd St is Moses Hall.

    Permits

    2701 63rd St has 1 permit records.

    Permit History
    1
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    2701 63rd St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 2701 63rd St

    School Information

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    Neighborhood

    This property is located in Chicago Lawn, Chicago, IL 60629.

    Market Trends

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    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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