643 W. 31st Street, Chicago, IL

Others for Sale - $1,100,000 - 17,500 Sq. Ft. on 0.4 acres


Agent Info

Bruce Heller
Coldwell Banker Realty

Property Info

CIMLS#1147421
Location
  643 W. 31st Street
  Chicago IL 60616
UpdatedAugust 25th, 2023
TypeOthers
Price$1,100,000
Building17,500 Sq. Ft.
Land0.4 acres

Property Description

A unique opportunity in Chicago's Bridgeport neighborhood. The former First Lutheran Church of the Trinity, 2-story community center, and adjacent / attached 5-6 bedroom parsonage is now available for purchase. This is an incredible redevelopment or revitalization opportunity in the heart of the Bridgeport neighborhood, 5 minutes from Guaranteed Rate Field. The lot is 140' x 125' (+/- 17,500 sq ft). Zoning is B3-2. It is in the 11th Ward and the Alderman is Nicole Lee. The church and (former) community center were built in the 1906 to approximately 1920 timeframe. The church floor is +/- 3,500sqft with an additional +/- 900sqft on the balcony, totaling +/- 4,600sqft. The sanctuary can seat over 500 between both floors. The basement is gravel (never finished). The 2 story community center measures 55' x 85', or +/- 9,350sqft of educational and recreational space. In addition, the community center features a finished basement with additional recreational rooms and bathrooms. There is a parking lot for 10 cars with handicap spaces included. All of the buildings have deferred maintenance issues and the sale will be "AS-IS/ WHERE-IS". The property is located in a Federal Enterprise Zone. This may have tax benefits for a buyer. Renovate the iconic Church or redevelop the site. We are happy to schedule tours.


Financials



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