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819 & 831-847 N Leamington Ave - Former School Building & Adjacent Vacant Lot 26,886 SF Specialty Building Offered at $1,250,000 in Chicago, IL 60651
Investment Highlights
- School building is efficiently laid out with a two-story classroom configuration alongside a full sized, high ceiling gymnasium
- Adjacent ±27,500 SF vacant land parcel offers optionality for parking lot expansion, playground space, or future redevelopment
- Gated parking lot of ±4,500 SF immediately adjacent to the building
- Located in Chicago’s Austin neighborhood on the city’s west side, in a residential area one block north of Chicago Avenue
Executive Summary
819 & 831-847 N. Leamington Avenue is a ±27,000 SF school building with a ±4,500 SF parking lot and an adjacent parcel of vacant land of approximately 27,500 SF. In total, the Property comprises 49,407 SF of land area (1.13 acres). The Property is located just north of Chicago Avenue in the Austin neighborhood of Chicago and is zoned B3-1 & RS-3.
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per SF | $46.49 | Lot Size | 1.28 AC |
| Sale Type | Investment | Building Size | 26,886 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | School | Year Built | 1954 |
| Zoning | B3-1 & RS-3 - Zoned B3-1 (School Building & Parking Lot) & RS-3 (Vacant Land) | ||
| Price | $1,250,000 |
| Price Per SF | $46.49 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 26,886 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | B3-1 & RS-3 - Zoned B3-1 (School Building & Parking Lot) & RS-3 (Vacant Land) |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $70,512 | |
| Land Assessment | $109,480 | Total Assessment | $179,992 |
Property Taxes
Parcel Numbers
Land Assessment
$109,480
Improvements Assessment
$70,512
Total Assessment
$179,992
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819 & 831-847 N Leamington Ave - Former School Building & Adjacent Vacant Lot
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