8725 S May Street
Chicago, IL, 60620 $ 2,900,000
Baths0.0 Sq 19,000 Monthly Estimate*
$ 17,368
Studio
for $2,900,000. This 19,000 square foot building was built in 1937 on a lot size of 3.52.
A unique opportunity - an entire city block available in Chicago's Auburn-Gresham community! The site of the former St. Kilian's Parish, this 3.52-acre parcel includes the church building, the former rectory, a modernized and leased school along with 6-car garage parking, a private paved parking lot and ample green space. Bordered by 87th Street, May Street, 88th Street, and Aberdeen Street. The church (1111 W. 87 Street), with approximately 12,688 sq ft of floor space, was built in 1936-37, and designed by Joe W. McCarthy in an imposing Italian Renaissance style with interior Celtic motifs on the walls and stained-glass windows. Imposing ceilings with custom wood trusses, ample pew space, carpeted and tiled flooring, some paneling, and a partial unfinished basement which houses the boiler/steam heat system for the church. Two additional side rooms served as a sacristy and preparation area. There is a private entrance/breezeway to the church from the rectory. The 5,534 sq ft rectory (8725 S. May Street), built in the late 1920's, is a towering all brick two-story building with a full partially finished basement. The main level consists of 3 offices, kitchen, dining room, 3 bedroom/living quarters, and 3 bathrooms. The upper level has 10 rooms (bedroom & living quarter suites) and 5 bathrooms. The rectory heating system, a boiler for radiator heat, is about five years old. The original school building (8748 S. Aberdeen) was recently updated and expanded (over 50,000 sq ft) along the entire length of South Aberdeen by the current lessee, Noble Network of Charter Schools with state-of-the-art classrooms, laboratories, gymnasium, full restaurant-style kitchen, and so much more. The existence of the school with a long-term lease makes this an excellent investment with immediate income. Truly a commodity property with a once-in-a-lifetime opportunity to make this parcel something special!
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FeaturesGeneralCooling Central Air Window Unit(s)
Utilities Electric to Site Gas to Site Sanitary Sewer Water to Site
Construction Materials Brick Steel Siding
Year Built 1937
Electric Circuit Breakers
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Insurance Repairs Scavenger
Stories 2
Township Lake
Tax Year 2023
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Instut/To Develop
Status Active
Directions 87th Street to May Street (1132West) then south to 8725.
City Chicago
MLS Area CHI - Auburn Gresham
Lot Size Square Feet 154230
Tax Annual Amount 0
Additional Parcels Y/N N
Days on Market 11
Standard Status Active
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ExteriorFoundation Details Concrete Perimeter
Building Area Total 19000
Lot Dimensions 265X582
Lot Size Acres 3.52
Frontage Type City Street
Exterior Brick Other Combination
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* Excluded FeaturesList Byc21kmiecik@aol.com; jkmiecik@c21circle.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $17,368
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $820,937
Percent of Sale Price 72%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
8/13/2024 | $2,900,000 | | Listed Price |