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$420,000 Just Listed
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Property Description
Prime Mixed-Use investment opportunity in the Clearing neighborhood of Chicago! This versatile mixed-use property offers immediate income potential and long-term upside. The front commercial space includes a private bathroom and is currently leased to a hair salon on a flexible month-to-month basis, providing instant cash flow with flexibility for future use.The rear residential unit features 3 bedrooms, 1 bathroom, and a full basement, currently vacant and ready for occupancy or rental income. A detached 2-car garage adds additional value and convenience. Previously utilized as a car dealership, the property sits on an expansive lot ideal for automotive use, including parking, vehicle sales, or other commercial applications. Zoned C2-2, this property allows for a wide range of business and mixed-use possibilities. Located in a high-visibility, up-and-coming area with strong accessibility, this is a perfect opportunity for investors, owner-users, or developers seeking a flexible, income-producing asset with significant growth potential. Survey available for your convenience.
Full Property Details
Full Property Details for 6551 W 63rd St
General
- Price: $420,000
- Taxes: $4,220 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12611378
- Updated: 4/7/2026
- Added to Site: 4 day(s) ago
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Location
- Area: CHI - Clearing
- County: Cook
- Township: Stickney
- Driving Directions: west of central on 63rd St
- Location Details: Downtown Chicago, Chicago West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Utilities
- Trash: 50
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 1
- Square Feet: 1,800
- Current Bldg. Use: Automotive
- # of Stores: 1
- Year Built: 1962
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 2,850
- Lot Dimensions: 114 x 75
- Zoning: COMMR
Financial Considerations
- Operating Expenses: $8,420
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1962
- Tax Amount: $4,220
- Tax Year: 2025
- Tenant Pays: All Utilities
- Pays Electric: 200
- Pays Trash: 50
Disclosures and Reports
- Property ID: 19192020740000
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Schools
Schools serving 6551 W 63rd St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dore Elementary School 7134 West 65th Street, Chicago, IL 60638 | PK-8 | 0.8 mi |
Kennedy High School 6325 West 56th Street, Chicago, IL 60638 | 9-12 | 0.9 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 6551 W 63rd St
Date
Details
Price
Change
Source
4/06/2026
Listed
$420,000
20%
MLS
11/14/2017
Sold
$350,000
—
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 6551 W 63rd St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,220
3%
$19,999
—
2022
$4,113
2%
$19,999
—
2021
$4,022
-7%
$19,999
3%
2020
$4,319
-2%
$19,387
-12%
2019
$4,426
2%
$22,031
—
2018
$4,352
25%
$22,031
13%
2017
$3,484
2%
$19,560
—
2016
$3,418
10%
$19,560
—
2015
$3,104
29%
$19,560
26%
2014
$2,405
3%
$15,531
—
2013
$2,346
—
$15,531
—
2012
$2,339
—
$15,531
—
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 6551 W 63rd St
6551 W 63rd Street, Chicago, IL 60638 (MLS# 12611378) is a Commercial property. 6551 W 63rd Street is currently listed for $420,000 and was received on April 06, 2026. Want to learn more about 6551 W 63rd Street? Do you have questions about finding other Commercial real estate for sale in Clearing? You can browse all Clearing real estate or contact a Coldwell Banker agent to request more information.

