7550 S Phillips Avenue Chicago, IL ^$ 175,000

7550 S Phillips Avenue

^$ 175,000

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Recently Listed

7550 S Phillips Avenue

Chicago, IL, 60649

^$ 175,000

Bedrooms-- Baths-- Sq 15,000

Monthly Estimate*

^$ 1,105

7550 S Phillips Avenue, Chicago, IL 60649 - Image 1

7550 S Phillips Avenue, Chicago, IL 60649 - Image 2

7550 S Phillips Avenue, Chicago, IL 60649 - Image 3

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7550 S Phillips Avenue, Chicago, IL 60649 - Image 7

Commercial Property for sale in Chicago, IL

for $175,000. This 15,000 square foot building was built in 1950 on a lot size of 0.36.

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.

Commercial Active

Price

^$ 175,000

Property Type

Commercial

Taxes

^$ 0

Style

Education/School

Lot Size

0.36

Year Built

1950

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12684872

Features

General

Cooling Window Unit(s)

Zoning MULTI

Construction Materials Brick

Year Built 1950

Electric Circuit Breakers

Stories Count 2

Township Hyde Park

Property Subtype Business

Tax Year 2024

Business Type Education/School

Additional Parcels Description 21303000250000 21303000260000

County Cook

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Instut/To Develop

Status New

Directions SouthShore (Yates Blvd) & 71st Street south on Yates to 76th St East to Phillips on the NWC of Phillips & 76th St

City Chicago

MLS Area CHI - South Shore

Lot Size Square Feet 15320

Tax Annual Amount 0

Additional Parcels Y/N Y

Leasable Area 0

Standard Status Active

Exterior

Building Area Total 15000

Lot Dimensions 125X125

Lot Size Acres 0.36

* Excluded Features

List By

Sperry Van Ness

Broker

angelo.labriola@svn.com

Affordability Calculator

$1,105

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Monthly Principal & Interest: $1,105
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$943,862

Percent of Sale Price 439%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/22/2026	$175,000		Listed Price

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7550 S Phillips Avenue, Chicago, IL, 60649 is a Commercial Property for sale at $175,000 with 15,000 sqft and a lot size of 0.36. 7550 S Phillips Avenue was built in 1950. The property's zip code is 60649 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/24/2026.

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7550 S Phillips Avenue

Commercial Property for sale in Chicago, IL

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