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1648 W Monterey AVE Chicago, IL 60643
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12445032
Year Built 1888
Tax Year 2022
Lot Dimensions 25X125
Property Sub-Type Mixed Use
Property Description
This former church property, located in Chicago's Morgan Park neighborhood, presents a unique redevelopment opportunity under B3-1 zoning. The property consists of a one-story building with dual use areas (sanctuary and dining/kitchen), plus an adjacent vacant lot behind it. The zoning allows a mix of commercial uses on the ground floor with residential units above, though the current structure is only one floor. Location & Access: Three blocks from the 111th St.-Morgan Park Metra Station, providing convenient commuter rail access to downtown Chicago. One block from the Dan Ryan Expressway (I-57), providing excellent regional accessibility and visibility. One block from Morgan Park High School ensures steady pedestrian and vehicular traffic, benefiting any retail or service business. Positioned on a heavily trafficked street within a vibrant enclave of Chicago, reinforcing its commercial viability. Zoning Details: Zoned B3-1, allowing neighborhood shopping, retail stores, service businesses, and mixed-use developments (residential units must be above the commercial ground floor). Flexibility to either adaptively reuse the existing structure or demolish and rebuild a mixed-use building incorporating apartments over retail space. Development Incentives: Located within the 119th Street/I-57 Tax Increment Financing (TIF) district (Ref. No. T-125), offering potential financial incentives for redevelopment, which can reduce upfront costs and enhance project returns. Property Features & Potential: Existing building layout includes a sanctuary space and a dining/kitchen area, suitable for various commercial and community uses in its current form. The adjacent vacant lot provides additional development potential for parking, expansion, or new construction. The opportunity to rebuild with apartments above retail aligns well with market trends favoring mixed-use developments near transit and community hubs. Buyer to handle all closing costs. No Survey, AS IS sell
Location
State IL
County Cook
Area Chi - Morgan Park
Zoning RTAIL
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
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Listed by Daniel Ellington of Infiniti Properties, Inc.
