Former School Building with
For Sale
$175,000
7550 S Phillips Avenue, Chicago, IL 60649
Versatile former school layout with classrooms, offices, and a hall/gymnasium, plus on-site parking for about 10 vehicles.
Property SizeContact for details
Days on Market52
Property Features for 7550 S Phillips Avenue
General Information
Standard status
Active
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Office Units
8
Amenities
Central air
Window Unit(s) Cooling
Building Details
Year Built
1950
Listing Agency:
SPERRY VAN NESS
(312) 676-1866
Listed By:
ANGELO LABRIOLA · License #475130926
Source:
Corcoran
Added: Jun 22
Changed: Aug 11
Last Checked: Aug 11 at 9:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SPERRY VAN NESS
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
