Providence of God | 4 Building Campus | Chicago, IL

717 W 18th Street Chicago, IL 60616

717 W 18th Street, Chicago, IL, 60616
717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616 717 W 18th Street, Chicago, IL, 60616
FOR SALE
Property Type:
Schools/Education
Amount:
$3,130,000
Last Verified:
Dec 14, 2024

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Highlights

  • 46.450 SF + Garden Level Space for over 55,000 SF
  • Located with the TOD Boundary
  • Prime Exposure
  • Almost Immediate Access to I-90/94, I-55 & I-290
  • RT-4 Zoning
  • School Has Been Vacated as of 6/24

Description

Former Church Campus and school with a total of 4 buildings and a parking lot. The breakdown of the site includes the following:

Church - 14,011 SF + Garden Level with High ceilings - Built-out for approximate total of 28,000 SF
School - 10,176 SF + Garden Level
Convent - 3,782 SF + Garden Level
Rectory - 4,499 SF + Garden Level

All buildings feature high ceilings and have been maintained. There is parking for approximately 21 vehicles and a rare opportunity to redevelop the site into a variety of uses, including a school, apartments and/or keep as a church.

Located in Chicago's East Pilsen neighborhood on 18th Street and I-90/94. The subject property is just a mile or two to Chicago's Business District and less than a mile to University of Illinois at Chicago (UIC).

For the commuter, the Metra Station at Halsted is just two blocks away and the Orange Line, Red Line and Pink Line are all about 1 mile away and almost immediate access to I-90/94, I-55 and I-290.


Year Built: 1914
Building Size: 55515sq ft
Lot Size: 0.9 acres


Documents

Providence of God | Sales Offering

Map of 717 W 18th Street, Chicago, IL, 60616

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.