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7550 S Phillips Ave - Former South Central Elementary School 15,000 SF Specialty Building Offered at $366,421 CAD in Chicago, IL 60649

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Investment Highlights

Fully Built-out School
Gymnasium/Hall

On-site parking
South Shore Location

Executive Summary

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.

Sale Offering

Property Facts

Price	$366,421 CAD	Building Size	15,000 SF
Price Per SF	$24.43 CAD	No. Stories	2
Sale Type	Investment or Owner User	Year Built	1950
Property Type	Specialty	Parking Ratio	0.67/1,000 SF
Property Subtype	Schools	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C	Parcel Numbers	Multiple 21-30-300-025-0000 21-30-300-026-0000 21-30-300-024-0000
Lot Size	0.36 AC
Zoning	RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District

Price	$366,421 CAD
Price Per SF	$24.43 CAD
Sale Type	Investment or Owner User
Property Type	Specialty
Property Subtype	Schools
Building Class	C
Lot Size	0.36 AC
Building Size	15,000 SF
No. Stories	2
Year Built	1950
Parking Ratio	0.67/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District
Parcel Numbers	Multiple 21-30-300-025-0000 21-30-300-026-0000 21-30-300-024-0000

Contacts

Paul Cawthon
Angelo Labriola
SVN | Chicago Commercial

Listing ID: 37461366
Date on Market: 2025-08-28
Last Updated:
Address: 7550 S Phillips Ave, Chicago, IL 60649

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7550 S Phillips Ave, Chicago, IL for sale Primary Photo- Image 1 of 6 — Primary Photo

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