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Property profile & analytics
OFF-MARKET
Specialty properties

740 59Th St Chicago, IL 60621

1,662 SF
Property ID
Property summary
AI-generated overview

This exceptional Chicago property at 740 W 59th Street presents a unique investment opportunity. The offering encompasses a 4,735 square foot main building, complemented by a 1,662 square foot, two-story auxiliary structure. Situated on a substantial 19,157 square foot lot, this property boasts significant redevelopment potential. The building previously served as a church and features a 1,500 square foot mezzanine, offering versatile space. The RS-3 zoning allows for a range of uses. The location is highly visible, with over 9,000 vehicles passing daily, and benefits from excellent street frontage on both Emerald Avenue (175 feet) and 59th Street (100 feet). Convenient access to public transportation is a key advantage, with proximity to multiple CTA bus routes and train stations. The property also includes approximately 31-50 outdoor parking spaces adjacent to the building. This versatile property is priced at $500,000 and presents a compelling opportunity for adaptive reuse in a thriving Chicago neighborhood. The property's size and location make it ideal for a variety of commercial or special purpose ventures.

Property profile
Verified
Property type Specialty properties
Total area 1,662 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
Current use
Occupant on record · Public records
  • Renewal Life Community Development Corporation Charitable Organization Social Service Agency
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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