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$259,900
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Property Description
Great opportunity to own a solid brick mixed-use building in the heart of Chicago Lawn on busy 63rd Street! This versatile property features approximately 2,500 sq. ft. of commercial space on the main level, previously operated as a furniture store, offering endless possibilities for retail, office, professional, medical, or service-related businesses. The second floor offers a spacious 3-bedroom, 1-bath apartment with a large living room, dining room, and kitchen, ready for your renovation ideas. The main level includes a large open space showroom, basement storage, and private rear access. Perfect for an owner-occupant looking to live upstairs while operating a business below, or an investor seeking both commercial and residential rental income. Ideally located in a high-visibility, high-traffic corridor just 1/2 block east of Kedzie Ave., surrounded by established national and local businesses. With ongoing investment and redevelopment throughout the area, this corridor is positioned for continued growth, making this an excellent opportunity to add value. Property is being sold AS-IS.
Full Property Details
Full Property Details for 3116 W 63rd St #5
General
- Price: $259,900
- Taxes: $2,638 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12723806
- Updated: 8/10/2026
- Added to Site: 25 day(s) ago
Location
- Area: CHI - Chicago Lawn
- County: Cook
- Township: South Chicago
- Driving Directions: ON 63RD EAST OF KEDZIE: GO EAST TO PROPERTY
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Structural Information
- Roof: Rubber
- Stories/Levels: 2
- Square Feet: 4,025
- Current Bldg. Use: Commercial
- # of Stores: 1
- Year Built: 1949
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1949
- Tax Amount: $2,638
- Tax Year: 2023
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 19133250320000
Listed by REMAX Legends
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Schools
Schools serving 3116 W 63rd St #5
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Fairfield Elementary Academy 6201 South Fairfield Avenue, Chicago, IL 60629 | K-8 | 0.5 mi |
Gage Park High School 5630 South Rockwell Street, Chicago, IL 60629 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3116 W 63rd St #5
Date
Details
Price
Change
Source
8/04/2026
Listed
$259,900
299.85%
MLS
4/07/2010
Sold
$65,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3116 W 63rd St #5
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,638
—
$25,001
127%
2023
$2,638
3%
$10,999
—
2022
$2,573
3%
$10,999
—
2021
$2,503
-39%
$10,999
-31%
2020
$4,079
-5%
$16,029
-14%
2019
$4,305
—
$18,639
—
2018
$4,294
-19%
$18,639
-13%
2017
$5,319
7%
$21,523
—
2016
$4,953
-2%
$21,523
-8%
2015
$5,037
3%
$23,450
5%
2014
$4,908
2%
$22,396
—
2013
$4,818
5%
$22,396
—
2012
$4,569
—
$22,396
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3116 W 63rd St #5
3116 W 63rd Street #5, Chicago, IL 60629 (MLS# 12723806) is a Commercial property. 3116 W 63rd Street #5 is currently listed for $259,900 and was received on August 04, 2026. Want to learn more about 3116 W 63rd Street #5? Do you have questions about finding other Commercial real estate for sale in Chicago Lawn? You can browse all Chicago Lawn real estate or contact a Coldwell Banker agent to request more information.

