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7550 S Phillips Avenue Chicago, IL 60649 Commercial - Business Active

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Description

LENDER DIRECTED SALE! This expansive former school building offers a versatile layout ideal for a variety of redevelopment opportunities. The property features a Hall/gymnasium, 10 classrooms, 8 offices, a library, staff lounge, lunchroom, and conference room. On-site parking accommodates approximately 10 vehicles. While the building will require a new roof and some updates, its solid structure and flexible floor plan make it well-suited for continued use as an educational facility, community center, office space, or residential conversion. The buyer will be responsible for the repairs and the property will be sold as an as-is sale.

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1950

General Information

County: Cook
Listed By:
Sperry Van Ness 312-676-1866
MRED MLS
$175,000
Est. $1,195/mo
Active
SQUARE FEET15,000 MLS#12684872
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors
563.441.1776

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7550 S Phillips Avenue, Chicago, IL 60649.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $175,000$175,000$175,000
Down Payment $35,000$6,125$43,750
Monthly Mortgage Amount $851$1,044$1,081
Taxes $244$244$244
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$77$0
Monthly Estimated Total $1,195$1,465$1,425

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