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Property profile & analytics
OFF-MARKET
Specialty properties

1800 Union Ave Chicago, IL 60616

40,623 SF Built 1914
Property ID
Property summary
AI-generated overview

Exceptional redevelopment opportunity in Chicago's vibrant South Loop. This unique 40,623 square foot property comprises a three-story former school with a kitchen, a stunning former church boasting soaring ceilings and a large stage, and a substantial parking lot. The buildings sit on a 29,475 square foot lot, zoned RT-4, offering significant potential for various uses. Benefitting from high visibility along the I-90/94 Dan Ryan Expressway, the property enjoys excellent access to major expressways (I-55 and I-290) and public transportation (CTA Orange Line and Metra). Its proximity to the University of Illinois Chicago campus and the Chicago Business District, coupled with its Transit Oriented Development location, makes this a compelling investment. The church features high ceilings, abundant natural light, and multiple exits, while the school building offers ample classroom space. On-site parking is available, and significant signage opportunities exist due to the high-traffic expressway location. Built in 1914, this property presents a rare chance to acquire three assets in a highly desirable area. The asking price is $1,980,000.

Property profile
Verified
Property type Specialty properties
Year built 1914
Total area 40,623 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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