Property profile

4952 Paulina St Chicago, IL 60609

OFF-MARKET
Specialty properties
Property ID
US28-1749551
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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 Specialty properties
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

Current use

Occupant on record · Public records
  • Church

Location

4952 Paulina St Chicago, IL 60609
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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