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Listing provided courtesy of Sperry Van NessMREDas Distributed by MLSGrid- MLS# 12684872MLS Provider

7550 S Phillips AvenueChicago, IL 60649

Commercial · 15,000 Sq. ft. | 0.36 Acres
$175,000 Active

7550 S Phillips Avenue Overview

Time on Site:
7 days
Visits:
6

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.

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7550 S Phillips Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 15,000
  • Price/Sq.ft. $12
  • Lot 0.36 Acres

Details

General

Income/Expenses

  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1950

Business Information

  • Business Type: Education/School

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Shore
  • Township: Hyde Park

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2024

General Information

  • Parcel Number: 21303000240000
  • Property Sub Type: Business
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 15000

General Information

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Leasable Area: 0
  • Stories: 2

Unit Information

  • Unit SqFt.: 15000

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Acres: 0.36
  • Lot Size Dimensions: 125X125
  • Lot Size Square Feet: 15320

Building Exterior/Construction

  • Construction Materials: Brick

7550 S Phillips Avenue Neighborhood

Community

60649 (Chicago) Demographics

38
Median Age
11,999
Population Density (per sq. mile)
35%
College Educated
$36,130
Estimated Median Income
5,387
Estimated Total Home Owners
16,947
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7550 S Phillips Avenue Monthly Cost

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7550 S Phillips Avenue Market Data

Based on the last 30 days in this zip code

$194,506
Average List Price
$134
Average Price per Square Foot
12
Properties Sold
66
Average Days on Market
134
Properties for Sale
Calculations provided by Reliance Network

7550 S Phillips Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/22/2026Source: MRED Added to Database
June 22, 2026