4052 S Wabash Ave, Chicago, IL 60653

Rare opportunity to acquire the former St. Elizabeth School campus located at 4052 S Wabash Avenue in the heart of Chicago’s historic Bronzeville neighborhood. The main school building offers approximately 29,500 square feet, including a full garden level, and is complemented by a 10,050-square-foot annex housing a gymnasium and two floors of classrooms. The property is ideal for a wide range of adaptive reuse options, including a charter school, creative office space, or conversion into residential units.

Also included in the offering is a large vacant lot located directly behind the school at 4051 S State Street, spanning approximately 19,934 SF. This lot offers ample space for parking, a playground, or future ground-up development. The combined site offers a potential for affordable housing, mixed-use redevelopment, or expansion of educational facilities, especially in a neighborhood experiencing strong momentum and continued investment.

With nearly 40,000 square feet of existing building area and nearly half an acre of additional land, this property presents a compelling opportunity for developers, school operators, or mission-driven organizations to transform a historic asset into a vibrant new use in one of Chicago’s most dynamic neighborhoods. The property is in need of full renovation and is being sold as-is.

Situated in the heart of Bronzeville, 4052 S Wabash Avenue offers an exceptional location with unmatched connectivity and redevelopment potential. The property is just steps from the CTA Green Line station at Indiana Avenue, providing convenient access to downtown Chicago and surrounding neighborhoods within minutes. Its proximity to the I-90/94 expressway further enhances accessibility, making it an ideal site for commuters, educators, and residents alike.

Located within a designated Transit Oriented Development (TOD) zone, the property benefits from increased development incentives and reduced parking requirements, an attractive advantage for developers and institutional users. The surrounding area is rich in cultural heritage and continues to experience significant investment, with a growing number of residential and mixed-use developments, parks, and community resources contributing to its ongoing revitalization.

With excellent transit access, a strong neighborhood identity, and supportive zoning, this site is ideally positioned for adaptive reuse or redevelopment into educational facilities, affordable housing, or community-based initiatives. Its location strikes a perfect balance between accessibility, neighborhood charm, and long-term growth potential.