7550 S Phillips Avenue, Chicago, IL 60649

Building Details

Year Built

1950

Listing office SPERRY VAN NESS a***@svn.com Show Phone

Listing date Jun 22, 2026

Source Corcoran

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Overview

This expansive former school building includes a hall/gymnasium, 10 classrooms, 8 offices, a library, staff lounge, lunchroom, and a conference room. The property also has on-site parking that accommodates approximately 10 vehicles. The building will require a new roof and some updates, and it is being sold as-is, with the buyer responsible for repairs. The existing interior layout supports multiple redevelopment and reuse paths, including continued education or conversion to other functional uses.

The property is located at 7550 S Phillips Avenue in Chicago, Illinois. Access is available via the on-site parking area, which can support tenant or resident parking needs depending on the ultimate redevelopment plan.

For buyers and operators, the current room configuration offers a practical starting point for an educational facility, community center, office space, or a residential conversion, subject to required renovations and approvals. Because the sale is lender directed and all work is the buyer’s responsibility, prospective purchasers should plan for the roof replacement and other updates as part of their capital budgeting. The structure and flexible floor plan provide the basis for continued use or repurposing once improvements are completed.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.5654949

Latitude

41.7574612

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FAQs

What type of property is this?

School - Versatile former school layout with classrooms, offices, and a hall/gymnasium, plus on-site parking for about 10 vehicles.

Where is this school located?

The property is located at 7550 S Phillips Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: Former school building built in 1950 with a hall/gymnasium, 10 classrooms, 8 offices, and additional rooms for flexible use.; Includes a library, staff lounge, lunchroom, and conference room—multiple interior spaces for redevelopment or repurposing.; On‑site parking for approximately 10 vehicles.