4052 S Wabash Ave - Schools FOR SALE


Chicago, IL 60653- Bronzeville
$1,900,000 USD
630-640-1001
4052 S Wabash Ave, Chicago, IL for Sale
$1,900,000 USD
Schools - FOR SALE
1/9
null | Request Cap Rate

4052 S Wabash Ave
Chicago, IL 60653
Bronzeville


HIGHLIGHTS

  • Offering includes: 29,500 square feet school and 10,050-square-foot annex gymnasium and Adjacent 19,934 SF Lot Included
  • Prime Candidate for Apartment Conversion
  • Located Within TOD Zone
  • 0.3 Miles to CTA Green Line Station and Easy Access to I-90/94
  • Prime Bronzeville Location
  • Surrounded by New Construction & Renovations

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. Elizabeth School

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,899 SF

ZONING

RM-5 & M1-2

APN/PARCEL ID

20-03-106-015-0000,20-03-106-028-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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