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    542 E 75Th St Chicago, IL 60619

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    For Sale
    $140,000

    4,735 SF building on 19,157 SF lot, excellent redevelopment opportunity.

    Lot size:
    0.27 Acres

    Property Features for 542 E 75Th St

    General Information

    Lot size
    0.27 Acres

    Source: Miller Chicago Agent Andrea Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity in High-Visibility Location

    The property features a 4,735 square foot building with a 1,500 square foot mezzanine and a 1,662 square foot two-story auxiliary storage building, all situated on a 19,157 square foot lot. It is suitable for use as an event space. Formerly Victory Outreach City Church Chicago, the property includes 31 to 50 outdoor parking spaces adjacent to the building. With 175 feet of frontage on Emerald Avenue and 100 feet of frontage on 59th Street, the location offers a redevelopment opportunity with high visibility and over 9,000 vehicles per day. The property is easily accessible to public transportation, located on CTA #59 59th / 61st bus route, 0.1 miles from CTA #8 Halsted bus stop, 0.6 miles from Halsted Green Line Station, and 0.8 miles from 63rd Street Red Line Station. The property is exempt from taxation.
    Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6109605
    Latitude
    41.7587433

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    FAQs

    What type of property is this?
    Church & religious facility - 4,735 SF building on 19,157 SF lot, excellent redevelopment opportunity.
    Where is this church & religious facility located?
    The property is located at 542 E 75Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Excellent redevelopment opportunity on a high-visibility location with over 9,000 vehicles per day and substantial frontage.; - Large 4,735 Sq Ft building with a 1,500 Sq Ft mezzanine and a 1,662 Sq Ft 2-story auxiliary storage building on a 19,157 Sq Ft lot.; - Ample parking with 31-50 outdoor spaces.
    (312) 988-0669
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    542 E 75Th St Chicago, IL 60619
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    Chicago, IL 60619
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    542 E 75Th St Chicago, IL 60619
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