740 59Th St Chicago, IL 60621
- Specialty properties
- 1,662 SF
Current Use by Public Records
- Renewal Life Community Development Corporation / Non-Profit Organization
Property Details for 740 59Th St
- Property size
- 1,662 SF
- Property type
- Specialty properties
- Property subtype
- Churches & religious facilities
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6441
- Latitude
- 41.7873
