4952 Paulina St Chicago, IL 60609
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.
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Apostolic House of Prayer Church
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.