2 Acre Premier Development Opportunity
Chicago, IL 60614-1027
1641 W Diversey Pkwy # 1651
Chicago, IL 60614-1027
  • Asking Price: Call for Details
  • Status: Under Contract

Incredibly unique, generational development opportunity in Lakeview, one of Chicago’s most affluent and desirable north side neighborhoods. 1641-1651 W. Diversey Parkway encompasses a total of 84,903 square feet of M1-2 zoned land at the southeast quadrant of W. Diversey Parkway and N. Paulina Street (the “Property”). The Property is “L” shaped, with approximately 265 feet of frontage on the south side of Diversey Parkway and 541 feet of frontage on the east side of Paulina Street. Current improvements to the Property include: (i) a part 2-story and part 3-story school building, formerly the Cardinal Bernardin Montessori Academy, estimated to contain approximately 30,000 square feet of building area, (ii) a 77-car parking lot to the south of the school building along E. Paulina Street, totaling approximately 28,000 SF, and (C) a 3-story rectory building estimated to contain approximately 9,500 square feet of building area fronting Diversey Parkway with a small 10-car parkinglot and single story garage structure in the rear. Located in Lakeview. Asking price is subject to offer.