4727 S Wabash Avenue Chicago, IL 60615

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.