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819 & 831-847 N Leamington Ave - Former School Building & Adjacent Vacant Lot

26,886 SF Specialty Building Offered at $1,250,000 in Chicago, IL 60651

Investment Highlights

  • Gymnasium in the school building boasts high ceilings and includes a full basketball court and bleachers
  • Existing gated and secured parking lot adjacent to the building, with ability to expand
  • Generously sized classrooms and offices throughout the school building
  • Located in Chicago’s Austin neighborhood on the city’s west side, situated in a dense residential area

Executive Summary

Baum Realty Group (“Baum Realty”) has been exclusively retained to offer for sale 819 & 831-847 N. Leamington Avenue in Chicago, IL (“the Property”). The Property offers a move-in-ready school building with a full height gymnasium and paved parking lot, and an adjacent vacant land parcel. The School Building is a ±26,886 SF part one-story and part two-story masonry constructed building with a small basement. The building is efficiently laid out with a traditional multi-story classroom configuration alongside a full height, high ceiling gymnasium. To the north of the school building and parking lot, there is an additional 27,566 SF of unimproved land, which provides optionality for the school in terms of additional development, parking, or potential playground space. In total, the Property contains roughly 49,546 SF (1.14 acres) of land area and 26,886 SF of building area. The Property is located just north of Chicago Avenue in Chicago’s Austin neighborhood and is zoned B3-1 (School Building & Parking Lot) & RS-3 (Vacant Land).

Attachments

Sale Brochure

Property Facts

Price $1,250,000
Price Per SF $46
Sale Type Investment
Property Type Specialty
Property Subtype Schools
Building Class C
Lot Size 1.14 AC
Building Size 26,886 SF
No. Stories 2
Year Built 1954
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-04-424-031-0000
  • 16-04-424-009-0000
  • 16-04-424-005-0000
  • 16-04-424-010-0000
  • 16-04-424-007-0000
  • 16-04-424-008-0000
  • 16-04-424-004-0000
  • 16-04-424-006-0000
Land Assessment
$88,426
Improvements Assessment
$217,771
Total Assessment
$306,197

zoning

Zoning Code B3-1 & RS-3 (Zoned B3-1 (School Building & Parking Lot) & RS-3 (Vacant Land))
B3-1 & RS-3 (Zoned B3-1 (School Building & Parking Lot) & RS-3 (Vacant Land))
  • Listing ID: 33760596

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 819 & 831-847 N Leamington Ave, Chicago, IL 60651

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