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Property profile

1150 Meadowcrest Rd La Grange Park, IL 60526

OFF-MARKET
Specialty properties
6,400 SF 0.86 ac lot
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Property summary

AI-generated overview

This exceptional 6,400 square foot church property in La Grange Park, Illinois, presents a unique opportunity for redevelopment or continued religious use. Located at 1150 Meadowcrest Rd, this 0.86-acre site (37,400 square feet) is zoned R-1 for single-family residential use, offering significant potential for various projects. The asking price is $895,000, translating to $139.84 per square foot. The property features a 1950s masonry structure with a sanctuary capable of seating over 120 people. Currently tax-exempt due to its religious use, the property includes five separate parcel identification numbers (PINs): 15-28-311-001, 15-28-311-002, 15-28-311-003, 15-28-311-004, and 15-28-311-005. The building is equipped with a hot water boiler system. This prime location in Cook County, Illinois, zip code 60526, offers convenient access to local amenities and transportation. Investors and developers will appreciate the substantial size of the lot and the flexibility afforded by the R-1 zoning. This property is an excellent investment opportunity with significant upside potential. Serious inquiries only.

Property profile

Verified
Property type Specialty properties
Total area 6,400 SF
Lot 0.86 ac (37,462 SF)

Cap rate & NOI

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

Location

1150 Meadowcrest Rd La Grange Park, IL 60526
La Grange Park metro
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Value estimations

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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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