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Property profile & analytics
OFF-MARKET
Churches & religious facilities

4952 Paulina St Chicago, IL 60609

Property ID
US28-1749551
Property summary
AI-generated overview

This exceptional property, located at 4952 S Paulina St, Chicago, IL 60609, presents a unique investment opportunity. Priced at $500,000, this special purpose property consists of a beautiful older church in good condition and an additional building. The main church building boasts a sanctuary with seating for approximately 250 people. A spacious fellowship hall and kitchen are conveniently located on the lower level, providing ample space for gatherings and events. The second building, formerly a single-family home, is currently utilized as office and classroom space, adding versatility to the property. A significant advantage is the inclusion of a substantial parking lot situated behind the church, capable of accommodating 25 or more vehicles. The property's location in Cook County, Illinois, offers excellent accessibility and visibility. The combined structures offer a multitude of potential uses, including continued use as a religious facility, conversion into residential units (potentially a 2 or 3-flat), or repurposing for a variety of commercial ventures. This is a rare opportunity to acquire a well-maintained property with significant potential in a desirable Chicago location. The property's size and features make it an attractive investment for those seeking a unique and versatile space.

Property profile
Verified
Property type Churches & religious facilities
UPID US28-1749551
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
  • Apostolic House of Prayer Church
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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