2701 W 63rd St - Funeral Home FOR SALE


Chicago, IL 60629- Marquette Park
$300,000 USD
312-826-9925
2701 W 63rd St, Chicago, IL for Sale
$300,000 USD
Funeral Home - FOR SALE
1/20
null | Request Cap Rate

NEW


2701 W 63rd St
Chicago, IL 60629
Marquette Park


HIGHLIGHTS

  • Fire-Damaged Value-Add Opportunity: 1,000 SF of the front sitting area sustained fire damage, offering a rare chance to renovate and reposition
  • Flexible B1-1 Zoning + Parking
  • Located on 63rd Street with excellent access to I-55, I-90/94, CTA Red/Green Lines & bus routes

OVERVIEW

MoHall Commercial & Urban Development presents a rare commercial real estate opportunity in the heart of Chicago’s thriving Chicago Lawn neighborhood. This expansive 6,939 square foot free-standing commercial building sits on a massive 17,963 square foot lot and is now available for acquisition. Located at 2701 W 63rd Street, this high-exposure corner property offers significant development potential, off-street parking for 20 vehicles, and flexible zoning under B1-1 Neighborhood Shopping District, which allows for retail storefronts with residential units above—making it ideal for mixed-use redevelopment, institutional reuse, or value-add repositioning. Formerly a full-service funeral home, the property was thoughtfully configured with two spacious chapels, two private offices, a professional-grade preparation room, a casket display area, and guest restrooms. A spacious front sitting room served as a welcoming area for families and clients. However, a recent fire damaged approximately 1,000 square feet of the front sitting area, providing a unique value-add opportunity for a buyer seeking to restore and customize the asset to meet modern operational needs. The structure remains fundamentally sound, offering a solid base for repositioning. The building also includes a well-appointed two-bedroom, one-bath residential unit on the second floor—perfect for on-site staff, live-work arrangements, or additional rental income. With its generous lot size, parking capacity, and strategic location, this asset is ideal for a funeral home operator seeking expansion, a church or nonprofit seeking to establish a presence, or an investor/developer looking to tap into Chicago’s south-side commercial corridor. Positioned along the busy 63rd Street commercial corridor, the site benefits from high vehicle and foot traffic, excellent visibility, and proximity to major transit routes. It is just minutes from the CTA Red and Green Lines, multiple bus routes, and less than 10 minutes from I-55 and I-90/94, providing easy access to Downtown Chicago, Midway Airport, and regional suburbs. The surrounding area is home to local schools, churches, retail plazas, and a growing residential population, adding to the long-term value of this site. Located within the jurisdiction of 16th Ward Alderwoman Stephanie D. Coleman, this location is part of a community undergoing ongoing investment and revitalization. With B1-1 zoning and significant building and land footprint, this property offers an exceptional opportunity for redevelopment, adaptive reuse, or long-term hold. Whether you’re looking to expand a legacy business, establish a new institutional footprint, or reposition a property with intrinsic community value, 2701 W 63rd Street offers the canvas to create something impactful.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fire Damaged Value Add Funeral Home For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Funeral Home

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,666 SF

ZONING

B1-1

APN/PARCEL ID

19-24-201-044-0000

ASK ABOUT THIS PROPERTY

Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

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Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.