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7550 S Phillips Ave - Former South Central Elementary School 15,000 SF Specialty Building Offered at $269,000 in Chicago, IL 60649

Schools Illinois Chicago 7550 S Phillips Ave, 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.

ATTACHMENTS

Sale Offering

PROPERTY FACTS

Price $269,000 Building Size 15,000 SF
Price Per SF $17.93 No. Stories 2
Sale Type Investment or Owner User Year Built 1950
Property Type Specialty Parking Ratio 0.67/1,000 SF
Property Subtype School 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
  • 21-30-300-024-0000
  • 21-30-300-025-0000
  • 21-30-300-026-0000
Lot Size 0.36 AC
Zoning RT-4
Price $269,000
Price Per SF $17.93
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype School
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
Parcel Numbers
Multiple
  • 21-30-300-024-0000
  • 21-30-300-025-0000
  • 21-30-300-026-0000

LINKS

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Walk Score®
Very Walkable (79)
Transit Score®
Excellent Transit (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(630) 640-1001

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 37461366

  • Date on Market: 8/28/2025

  • Last Updated:

  • Address: 7550 S Phillips Ave, Chicago, IL 60649

More public record information on 7550 S Phillips Ave, Chicago, IL 60649

The South Shore Specialty Property at 7550 S Phillips Ave, Chicago, IL 60649 is currently available. Contact SVN | Chicago Commercial for more information.

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7550 S Phillips Ave - Former South Central Elementary School
(630) 640-1001 x

7550 S Phillips Ave - Former South Central Elementary School

Paul Cawthon
(630) 640-1001

Angelo Labriola
(312) 676-1870

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