740 59Th St Chicago, IL 60621
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.
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Renewal Life Community Development Corporation Charitable Organization Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.