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1814 South Union Avenue

The Chicago Church Purchases Former Providence Of God Church Campus From Archdiocese Of Chicago For $1.85M
SOLDMixed-use

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

82,000 SF

Asset Type

Mixed-use

Closing

Sep 18, 2025

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.

Players

Paul Cawthon

SVN

Broker

$28.5M

vol

12 deals

Broker
SVN
SVNBrokerage
The Archdiocese of Chicago
The Archdiocese of ChicagoSeller

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