1949 W 48th St - Churches FOR SALE


Chicago, IL 60609- West Englewood
$425,000 USD
773-580-7900
1949 W 48th St, Chicago, IL for Sale
$425,000 USD
Churches - FOR SALE
1/13
null | Request Cap Rate

1949 W 48th St
Chicago, IL 60609
West Englewood


HIGHLIGHTS

  • Historic friary with redevelopment potential
  • Three floors plus walk-up attic
  • Sixteen dormitory-style sleeping rooms
  • Expansive two-story porch/patio

OVERVIEW

An historic parcel of the Back of the Yards built in the early 1940. Once used as St. Michaels Convent, more recently operated as a friary for an order of brothers. The first floor consists of nine rooms, three small offices, 3 large meeting/gatherings spaces, 2 separate but adjacent kitchens, one storage room one shared bath with three private stalls, and one other private bath and separate half-bath. The buildings second floor has a total of nine rooms - six bedrooms or private sleeping areas, one large office/meeting area, a large living room/gathering space, a former designated chapel two private shared bathrooms, one with two tubs, and the other with a shower and five stalls. The third floor of this commodity property has sixteen individual sleeping rooms - all dormitory style. There are two separate bathrooms consisting of two bathtubs, two showers, and four individual stalls. The full walk-up attic is floored and unfinished - possibly available for future improvement. The full basement is unfinished and houses the mechanicals, storage, and a laundry area. The exterior of the building is truly impressive - constructed largely of face and common brick, and grey limestone. There are a number of arched doors and windows with some leaded-glass windows. The west side of the building, facing Damen Avenue has an expansive and open two-story porch/patio area for outdoor entertainment. The building is set on a corner lot measuring approximately 118x124, or 14,632 square feet - about a third of an acre. A survey from August, 2023 shows the actual building set across the rear of five city lots - nos. 46, 47, 48, 49, and 50. There is a gravel parking area to the south of the building which is accessed through the alley. The entire parcel is fenced. The building itself has about 8,805 sq ft of usable and potential space. The building calls for development, creativity, repurposing, and deserves to be once again, an integral part of this vibrant community.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,771 SF

ZONING

RS-3

APN/PARCEL ID

20-07-208-001-0000

ASK ABOUT THIS PROPERTY

John KmiecikCentury 21 Circle CommercialMore Info
773-580-7900

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John KmiecikCentury 21 Circle CommercialMore Info
773-580-7900

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