www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26713512
26713513

7550 S Phillips Avenue, Chicago, IL, Chicago, IL 60649

AL
IL 475130926
SVN | Chicago Commercial
PC
IL 475130924
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial
$269,000
279 days on market
Updated 30 days ago
Opportunity zone

South Central Elementary School

Details
APN 21-30-300-024,-025,-026-0000
Property Type Multifamily, Special Purpose
Sub Type School, As-Is (+1)
Square Footage 15,000
Tenancy Vacant
Broker Co-Op Yes
Class C
Year Built 1950
Buildings 1
Stories 2
Acreage 0.360
Zoning RT-4
Investment Type Redevelopment

Special Purpose / Redevelopment Opportunity in South Shore

Marketing description

This expansive former school building offers a versatile layout ideal for a variety of redevelopment opportunities. The property features a Hall/gymnasium, 10 classrooms, 8 offices, a library, a staff lounge, a lunchroom, and a conference room. On-site parking accommodates approximately 10 vehicles. While the building will require a new roof and some updates, its solid structure and flexible floor plan make it well-suited for continued use as an educational facility, community center, office space, or residential conversion. The buyer will be responsible for the repairs, and the property will be sold as an as-is sale.

Strategically located in Chicago's historic South Shore neighborhood, this property offers proximity to a range of amenities perfect for a Special Purpose / School investor. The area is home to renowned cultural institutions like the South Shore Cultural Center, providing opportunities for educational and recreational programming. Nearby, the Rainbow Beach Park offers outdoor spaces for students and the community to enjoy. With easy access to Lake Shore Drive and public transportation, the location provides convenient connections to the wider city of Chicago. The neighborhood’s rich history and vibrant community make it an attractive choice for investors looking for a dynamic and well-connected location for educational or special-purpose use.

Investment highlights

  • Fully Built-out School

  • On-site parking

  • Gymnasium/Hall

  • South Shore Location

Listing Contacts

AL
IL 475130926
SVN | Chicago Commercial
PC
IL 475130924
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591