3300 W Pierce Ave - Churches FOR SALE


Chicago, IL 60651
$995,000 USD
773-305-4900
3300 W Pierce Ave, Chicago, IL for Sale
$995,000 USD
Churches - FOR SALE
1/17
null | Request Cap Rate

3300 W Pierce Ave
Chicago, IL 60651


HIGHLIGHTS

  • RS-3 Zoned Redevelopment Opportunity in Neighborhood With Strong Rental DemandRS-3 Zoned Redevelopment Opportunity in Neighborhood With Strong Rental Demand
  • One Block From Humboldt Park, Steps to Several Bus Lines, and 2 Miles to the Metra NCS & MD-N Lines

OVERVIEW

3300 W. Pierce Ave. is a prime redevelopment opportunity in the heart of Chicago's Humboldt Park neighborhood. The Property consists of a three-story church and a four-story school, totaling 20,400 SF. It is situated on a 5,953 SF lot, zoned RS-3. This site presents an excellent opportunity for multi-family redevelopment, with conceptual plans and existing architectural drawings available. The Property is two blocks from the popular Humboldt Park, steps from multiple bus lines, and two miles from the Metra NCS and MD-N lines, providing easy access to greenspace and transportation. Additionally, it is just six miles from downtown Chicago, offering convenient access to the city. Humboldt Park offers strong demand for quality rental housing, evidenced by 60.3% of its housing units being renter-occupied. The area is experiencing a demographic shift, with rising educational attainment and a significant increase in median household income from $37,959 to $51,105 over the past decade. This shift towards a more affluent and educated population makes Humboldt Park an increasingly attractive area for development. The seller is open to exploring joint venture opportunities. Additional details are available upon request.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RS-3

APN/PARCEL ID

16-02-202-031-0000

ASK ABOUT THIS PROPERTY

Rick OfmanEssex Realty GroupMore Info
773-305-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Rick OfmanEssex Realty GroupMore Info
773-305-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.