Remarks

Now available as a pre-foreclosure short sale, 7920 S Greenwood Ave presents a rare opportunity to acquire a substantial commercial property in the heart of Chicago's vibrant Chatham community. This 12,500-square-foot facility is being sold strictly as-is, with no survey or disclosures provided. Power, heat, or water will not be activated for inspections or appraisal. All offers must be submitted with proof of funds and a pre-approval letter. Taxes will be prorated at 100%, and all earnest money must be in certified funds. Any existing or future City of Chicago violations, as well as the removal of any trash, debris, or remaining contents, will be the sole responsibility of the buyer. Please note: property details such as room count and lot size are not guaranteed. Formerly an adult day care center, the property underwent a remarkable transformation in 2021 and now serves as a dynamic hub for businesses in technology, product manufacturing, and consulting. The southern wing offers two renovated office suites, a newly constructed executive office, a refreshed mail/IT room, and a converted library that now functions as a state-of-the-art multimedia conference room for teams of 8-12. A fully equipped kitchen enhances usability, while a spacious artisan manufacturing area connects to a large garage with a roll-up door and capacity for 10+ vehicles. Two updated bathrooms add style and convenience. The northern side of the building features two expansive offices, a welcoming lobby, and a vast open space ideal for large conferences or custom build-outs. Two additional bathrooms and raw, unrenovated space offer even more potential for co-working or creative expansion. Recent updates include roof repairs, tuckpointing and masonry work, a new water heater, upgraded plumbing with four new toilets, and newly installed doors that elevate the feel of the lobby and conference areas. Whether you're an entrepreneur, startup, or non-profit visionary, this property offers unlimited potential to build something extraordinary. Sold as-is under short sale terms-this is your chance to secure a bold, adaptable space and shape it into something truly impactful.

Details

MLS#: 12340728
Price: $432,000

Sq Ft: 12500
Year Built: 1956

County: Cook
Lot Size: 100X125
Tax Fee: 0