8725 May St Chicago, IL 60620

This unique 3.52-acre property in Chicago's Auburn-Gresham community presents a remarkable investment opportunity. The site encompasses an entire city block, bordered by 87th, May, 88th, and Aberdeen Streets, and includes several existing structures. A significant asset is a modernized and expanded school building (over 50,000 sq ft) leased to Noble Network of Charter Schools under a long-term agreement, providing immediate and substantial rental income. The property also features a 12,688 sq ft church building constructed in 1936-37, showcasing an Italian Renaissance architectural style with notable interior features including custom wood trusses, stained-glass windows, and ample pew space. A 5,534 sq ft rectory, built in the late 1920s, offers additional space with multiple rooms and bathrooms across two stories and a partially finished basement. The property also includes a 6-car garage, a paved parking lot, and ample green space. The church, rectory, and school buildings offer significant potential for redevelopment or repurposing, making this a truly exceptional and rare opportunity for a discerning investor seeking a large-scale project with immediate income generation. The asking price for this substantial property is $2,900,000. The lot size is 154,230 square feet. This is a once-in-a-lifetime chance to acquire a significant parcel in a rapidly developing area of Chicago.