548 East 63rd StreetChicago, IL 60637Price: $2,250,000

  • Price: $2,250,000
  • 72 Days on Market
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Federal 30-year interest rate: 6.09% last updated on Feb 2, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 9,125Square Feet
  • 1921Year Built

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Investor opportunity in Hyde Park Municipality. A great opportunity with a 7 cap rate. Owner Retiring. Fully leased out with 2 tenants though the building design has 9 door cutouts for smaller suites if needed in the future. Total sf is 9125 and the lot is 13,981sf. This building was rebuilt in 2004 and was given a rating of "excellent condition" by a 3rd party valuation. Steel framing with masonry and brick. Has a Basement for storage. Recent updates include a new Roof and a $250,000 build out in anchor tenant suite. That tenant has a lease in place through 2032 and smaller space tenant through 8/24. Lessees are paying property taxes as well as NNN all utilities. 63rd & S St Lawrence is near the University of Chicago, Expressway, Lake Front and the Greenline. More photos coming soon

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Listed by Lee Ernst and Matthew Walton of eXp Realty,LLC

Based on information submitted to MRED  as of February 7, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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