7756 South Morgan StreetChicago, IL 60620Price: $160,000

  • Price: $160,000
  • 35 Days on Market
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 7,000Square Feet
  • 1893Year Built

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The building formally known as Gethsemane Garden Baptist Church Established 54 years ago, in what was at the time a 75 year old building Is for sale. The most recent church in this space was established 55 years ago, in December of 1997, there was a devastating fire, much of which was rebuilt by the church family. Viewing this building gives one the sense of history and the growth of a community that has stood the slings and arrows of community change with resilience. This building has antiquities that could be salvaged for additional revenue. This building is a tribute to Chicago's past in grand architectural tradition. Pros - Brick structure estimated sq footage 7000. 2 apartments (3000 sq ft). Room for childcare, food pantry, kitchen, public meeting spaces, garden space, antiquities that value 25K on open market at the low end. Eligible for city and federal grants to rebuild, could be repurposed as a school, loft building for housing. Could be raised and could house up to 24 units on this site. No tax liability as it is a 501C3 religious class Cons - Complete rehab required Electrical, replacement including technology, kitchen, HVAC security, plumbing, sewer systems, gray water handling systems, irrigation, Dry wall, framing, sump pumps Flooring, Windows, Carpentry - basic and restoration, Apartments 2 complete restoration Elevator installation. Showings before 5 PM Sunday showings preferred.

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Listed by Crystal Powell of Crystal J. Powell

Based on information submitted to MRED  as of November 29, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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