The Chicago Church Purchases Former Providence Of God Church Campus From Archdiocese Of Chicago For $1.85M
1814 South Union Avenue & 717 West 18th Street
$1,850,000
$22/SF
Building Size
41,000 SF
Asset Type
Mixed-use
Closing
Sep 18, 2025
About this deal
AI
The Chicago Church acquired a mixed-use property located at 1814 South Union Avenue & 717 West 18th Street in Chicago. The property sold for $1,850,000 and comprises 41,000 square feet, featuring a 26,000-square-foot church and a 14,000-square-foot school along with ample parking space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,850,000
- Square Footage: 41,000
- Address: 1814 South Union Avenue & 717 West 18th Street
- Market: Chicago
- Buyer: The Chicago Church
- Seller: The Archdiocese of Chicago
- Buyer's Representative: Leibel Moscowitz - Vandon Forbes
- Seller's Representative: Paul Cawthon - Cawthon-Labriola Group - SVN Chicago Commercial
- Price per Square Foot: $45
The transaction involved the Archdiocese of Chicago selling the former Providence of God Church campus in Pilsen to the nonprofit organization Chicago Church. The plans for the property include renovation and expansion of the existing structures.
On the Map
$1,850,000
$22/SF
Mixed-use
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Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93