Redevelopment Site in
4727 S Wabash Avenue, Chicago, IL 60615
COMMERCIAL - Chicago, IL
Type:Office
Property size:
6,135 SFLot size:
0.19 AcresPrice / SF:
$65/SF- Added:
- Nov 5, 2025
- Days on Market:
- 203
- Last Refresh:
- May 27 at 8:06 pm
Property Features for 4727 S Wabash Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active Under Contract
- APN
- 20101010060000
- Size
- 6,135 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2023
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Floors in Building
- 1
Listing agent Moses Hall License #471019687 (312) 826-9925
Listing office MoHall Commercial & Urban Development 350 N. Orleans St. #9000N, Chicago, IL (312) 826-9925
Listing date Nov 5, 2025
MLS# 12511505
Copyright © 2026 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.
HighLights
- Located in a Federal Opportunity Zone, offering potential capital gains tax benefits.
- Eligible for the Neighborhood Opportunity Fund and near the 47th/King Drive TIF district, providing access to city grants and financing.
- Excellent transit access with CTA Green and Red Line stations nearby, along with major bus routes and easy access to the Dan Ryan Expressway/Lake Shore Drive.
- Zoned RT4, allowing for low‑density multi‑unit developments.
- Large 6,135 sq ft building on an 8,270 sq ft lot, offering a 'blank canvas' for creative redesign.
- Located in the revitalizing Bronzeville/Grand Boulevard district, benefiting from major redevelopment projects.
Overview
Located in Chicago's Bronzeville/Grand Boulevard district, 4727 S Wabash Avenue is a redevelopment site featuring a single-story masonry building of approximately 6,135 square feet on an approximately 8,270 square foot lot. The building was constructed as a church, featuring a pitched roof facade and solid masonry shell that opens into a sanctuary with high ceilings. The property will be delivered vacant, offering developers a blank canvas for redesign. The parcel is zoned RT4 (Residential Two-Flat, Townhouse, and Multi-Unit), permitting low-density multi-unit developments. This zoning allows for converting the former church into loft residences or constructing new townhouses or a small apartment building. Institutional and community uses are also possible through special-use approval. The site is located within a Federal Opportunity Zone and is eligible for the Neighborhood Opportunity Fund. It is also near the 47th/King Drive TIF district. The property is blocks from the CTA Green Line 47th station and within a half-mile of the CTA Red Line 47th station, placing downtown Chicago and the Loop minutes away by train. Major bus routes on 47th Street, King Drive, and State Street supplement rail service, while the Dan Ryan Expressway (I-90/94) and Lake Shore Drive are nearby. The Grand Boulevard area's population increased between 2010 and 2020. New retail and grocery options have opened on nearby streets, and the City's Invest South/West initiative is re-energizing commercial corridors along 43rd and 47th Streets. The generous lot and adaptable interior allow for a wide range of uses, from loft apartments or townhomes to a community arts center or educational facility.
Property Profile
Location Intelligence
Current Use by Public Records
Clement of Alexandria Theological ...
Church
consuming fire kingdom ...
Church
Bountiful Life Church
Church
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6239614
- Latitude
- 41.8084354
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Unique redevelopment site in Chicago's revitalized Bronzeville/Grand Boulevard district.
Where is this commercial land located?
The property is located at 4727 S Wabash Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Located in a Federal Opportunity Zone, offering potential capital gains tax benefits.; Eligible for the Neighborhood Opportunity Fund and near the 47th/King Drive TIF district, providing access to city grants and financing.; Excellent transit access with CTA Green and Red Line stations nearby, along with major bus routes and easy access to the Dan Ryan Expressway/Lake Shore Drive.
