IL
Cook
Chicago
60643
1648 W Monterey Avenue
1648 W Monterey Avenue, Chicago, IL 60643
Share Listing
Listing Type
Commercial/Industrial
Listing Status
active
17
$65,000

Home Details for 1648 W Monterey Avenue

Price
$65,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1888
County
Cook
Garage
Days on site
42
MLS Listing#
12445032
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

Property Features
  • Cooling Information
    • Window Unit(s)
Listing Courtesy: Infiniti Properties, Inc. - 708-206-3000
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-09-03 20:17:14. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-03 20:17:14
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Midwest Real Estate Data.
EXIT TRUE DESIGN REALTY
11070 S. Western Ave. Suite 7, Chicago, IL 60643
Office
708 573 8801
Request more details
Code: