Former School Building in South
For Sale
Contact for pricing
7550 S Phillips Avenue Chicago, Chicago, IL 60649
Versatile building in Chicago's South Shore neighborhood.
Property Size15,000 SF
Price / SF$17.93
Days on Market350
Property Features for 7550 S Phillips Avenue Chicago
General Information
Standard status
Active
Size
15,000 SF
Class
C
Property subtype
Multifamily, Special Purpose
Zoning
RT-4
Investment Type
Redevelopment
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
SVN | Chicago Commercial
(312) 676-1878
Listed By:
Angelo Labriola · License #IL 475130926
Source:
Crexi
Added: Aug 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:46AM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
This former school building provides a versatile layout suitable for redevelopment. The property includes a hall/gymnasium, 10 classrooms, 8 offices, a library, a staff lounge, a lunchroom, and a conference room. On-site parking is available for approximately 10 vehicles. The building requires a new roof and some updates. Its structure and flexible floor plan support continued use as an educational facility, community center, office space, or residential conversion. The buyer is responsible for repairs, and the property is sold as-is. Located in Chicago's South Shore neighborhood, the property is near cultural institutions like the South Shore Cultural Center and Rainbow Beach Park. Access to Lake Shore Drive and public transportation provides connections to Chicago. The neighborhood's history and community make it an attractive location for educational or special-purpose use. The property size is 15000 square feet.
Key Highlights
- Versatile layout suitable for redevelopment as an educational facility, community center, office space, or residential conversion.
- Strategic location in Chicago's historic South Shore neighborhood with convenient access to Lake Shore Drive and public transportation.
- Proximity to cultural institutions like the South Shore Cultural Center and recreational spaces like Rainbow Beach Park.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - Versatile building in Chicago's South Shore neighborhood.
Where is this school located?
The property is located at 7550 S Phillips Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Versatile layout suitable for redevelopment as an educational facility, community center, office space, or residential conversion.; Strategic location in Chicago's historic South Shore neighborhood with convenient access to Lake Shore Drive and public transportation.; Proximity to cultural institutions like the South Shore Cultural Center and recreational spaces like Rainbow Beach Park.
