Former School Building with
For Sale
$175,000
7550 South 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 Size15,000 SF
Days on Market78
Property Features for 7550 South Phillips Avenue
General Information
Standard status
Active
Size
15,000 SF
Total Parking Spaces
10
Property subtype
Special Purpose
Additional Details
Office Units
8
Building Details
Building Size
15,000 SF
Year Built
1950
Listing Agency:
SVN | Chicago Commercial
Listed By:
Paul Cawthon · License #475130924
(630) 640-1001
Source:
Svn
Added: Jun 23
Changed: Sep 7
Last Checked: Sep 8 at 3:51AM
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 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
1,353
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
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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 South 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.
