• Restricted Address Chicago, IL 60651

  • Vacant Land / Owner Financing

Property Details for null St, Chicago, IL 60651

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

***UNIQUE RE-DEVELOPMENT OPPORTUNITY WITH ENDLESS POSSIBILITIES!*** Step inside this magnificent 100+ year old church, nestled just one block away from the charming Humboldt Park neighborhood. This iconic property boasts original stained glass windows, a stunning metal truss vaulted ceiling, and an abundance of character that's waiting to be transformed. With a total footprint of approximately 22,250 SF (including balcony infill), this expansive space offers incredible potential for a wide range of re-development options. // CURRENT USAGE: The building, with its dramatic metal truss ceiling structure and classic architecture, spans 3-stories for the church and 4-stories for the school, totaling approx. 18,724 SF. Currently zoned as RS-3, it can be subdivided for rental purposes at $10/sf/yr NNN. // PRIME LOCATION: Situated on a beautiful tree-lined residential street, this property is surrounded by a vibrant community with many renovated buildings and homes. It's also conveniently located just one block from the North Avenue bus stop. // RE-DEVELOPMENT IDEAS: (1) Religious Space or Shared Religious Space: Transform this historic church into a shared religious space for use by multiple religious groups. Lease it to various religious communities for their services and activities, accommodating different religions with separate service schedules. (2) Recreational Ventures: Consider turning this space into a Ping Pong Venue, Skating Rink, Fitness Center, or a Maker Space to cater to the active and creative communities. (3) Community Enrichment: Explore the potential to create a Community Center, Affordable Housing, or temporary housing for migrants. (4) Artistic Hub: Develop a shared Artist Studio and Gallery Space, promoting a live/work environment for artists. Design high-quality dorm-style bedrooms, communal living spaces, and a gallery within the sanctuary space, fostering an artist ecosystem. (5) Hospitality Ventures: Transform the church into a Hotel/Restaurant/Event Space, similar to the iconic St. Peter and Paul in New Orleans, or consider it for hosting various events and occasions. (6) Cultural and Entertainment: Explore options as an Event Space, Apartment Building, Music Venue, Movie Screenings, Ballet/Dance Center, Live Theater Venue, or even a Kids Museum. (7) Creative Workspace: Utilize the space as Office Space for a Creative Agency, Shared Non-Profit Office Space, Film Studio Venue, Circus Gym, or a Climbing Gym. (8) Permitted Uses: As permitted by the zoning, this property can also serve as a Religious Venue, Community Center, Library, Single Family Home, or a 2-Flat, offering incredible versatility. // Don't miss this chance to own a piece of history and create something truly exceptional in this thriving community. Explore the endless possibilities that this iconic church offers and be part of its exciting transformation! Owner will consider partnership or owner / seller financing***Adjacent huge lot (45x118) with home also listed for sale (listed separately) - MLS#11759633.***

Real Estate Professional In Your Area

Need help finding a home?
Contact a Real Estate Pro.



Are you a Real Estate Agent?

Get Premium leads by becoming a GetRentToOwn.com preferred agent for listings in your area

Learn More

Click here to view more details
Property Brokerage: Compass 2350 N. Lincoln Ave Chicago IL 60614
Copyright 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.