Property profile

1527 W Edgewater Ave Chicago, IL 60660

FOR SALE
Churches & religious facilities
Property ID
US28-Q000593
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Property summary

AI-generated overview

The subject property is an irregularly shaped 4,932 SF site improved with an approximately 1,941 two-story framed church with a full basement. The site boasts 54' of frontage, 117' of depth and a rear dimension of 31.55'. The main floor is used primarily as the nave with the basement functioning as a gathering spot, washrooms, offices and other support functions. The property is currently zoned RS3, but with a zoning change to RT4, the site can accommodate 4 dwelling units and perhaps a 5th with an administrative adjustment.

Property profile

Verified
Property type Churches & religious facilities
UPID US28-Q000593

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Church Mosque

Location

1527 W Edgewater Ave Chicago, IL 60660
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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