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Ellington Elite Realty

1650 W Monterey AveChicago, IL 60643

1650 W Monterey AveChicago, IL 60643

Regular price $65,000.00 USD
Regular price $85,000.00 USD Sale price $65,000.00 USD
Sale Sold out

PROPERTY OVERVIEW
This former church property in Chicago’s vibrant Morgan Park neighborhood presents a rare multi-use redevelopment opportunity. The property consists of a one-story building with a sanctuary and dining/kitchen area, plus an adjacent vacant lot—used for multi-family living as recently as June 2023.

Address:
(Insert street address here)
Chicago, IL

Lot & Improvements:

  • Existing building: Sanctuary + dining/kitchen space

  • Adjacent vacant lot for expansion, parking, or new construction

  • B3-1 zoning — commercial on ground floor, residential above

  • Located within 119th St./I-57 TIF District (Ref. T-125)


LOCATION & ACCESS

  • Transit: 3 blocks to 111th St.–Morgan Park Metra Station (direct to downtown)

  • Highway: 1 block to I-57 (Dan Ryan Expressway)

  • Community Foot Traffic: 1 block from Morgan Park High School

  • High-visibility street in established neighborhood retail corridor


ZONING ADVANTAGES (B3-1)

  • Neighborhood shopping, restaurants, service businesses allowed

  • Residential units must be above commercial space

  • Up to approx. 38ft building height (per Chicago zoning)

  • 1 residential unit per ~2,500 sq ft of lot area


DEVELOPMENT POTENTIAL
✔ Adaptive reuse of existing building for community, retail, or service business
✔ Demolish & redevelop as mixed-use with retail on first floor and apartments above
✔ Vacant lot can accommodate expansion, new construction, or resident parking
✔ Location supports neighborhood-serving retail with added residential income stream


DEVELOPMENT INCENTIVES

  • Located in TIF district (potential financial assistance for qualifying projects)

  • Proximity to transit and schools — strong appeal for public/private funding

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