7550 South Phillips Avenue, Chicago, IL 60649

Property Description

LENDER-DIRECTED SALE! 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.

Location Description

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.