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Local Developer Acquires Former Precious Blood Church & School For $2.4M In Chicago

Property Image
SOLD
$2,400,000
Paul Cawthon
Angelo Labriola

Illinois

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Mixed-use50,500 SF
Sold 02/26/2026
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Property Image
SOLD

Local Developer Acquires Former Precious Blood Church & School For $2.4M In Chicago

2401 West Congress Parkway

See Similar Deals
Mixed-use50,500 SF
Sold 02/26/2026
Paul Cawthon
Angelo Labriola
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$47
Total Square Footage:50,500 SF
Transaction Type:Sale

The property asset involved in the transaction is a mixed-use site located at 2401 West Congress Parkway in Chicago. The sale price was $2,400,000 for a total square footage of 50,500. The property comprises two buildings and is situated near the Western Blue Line station.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,400,000
  • Square Footage: 50,500
  • Price Per Square Foot: $48
  • Address: 2401 West Congress Parkway
  • Market: Chicago
  • Brokers: Paul Cawthon & Angelo Labriola - Cawthon-Labriola Group - SVN Chicago Commercial

The deal was facilitated by SVN Chicago Commercial, representing the local developer buyer who intends to convert the church and school into residential buildings. The plan includes constructing a five-story apartment structure on the rectory site, aiming to create over 50 new housing units as part of a transit-oriented redevelopment project.

Players

Paul Cawthon
SVN
Paul Cawthon
12 deals$28.5M volume
BROKER
Angelo Labriola
SVN
Angelo Labriola
11 deals$26.6M volume(312) 676-1870
BROKER

Details

SOLD
IMAGE: Paul Cawthon & Angelo Labriola DATE: 02/26/2026 ADDRESS: 2401 West Congress Parkway MARKET: Chicago ASSET TYPE: Mixed-use BROKERS: Paul Cawthon & Angelo Labriola - Cawthon-Labriola Group (@CLG_Chicago) - SVN Chicago Commercial (@SVN_Chicago) SALE PRICE: $2,400,000 SF: 50,500 ~ PPSF: $48 NOTE: SVN Chicago Commercial brokered the $2.4 million sale of the former Precious Blood Church & School at 2401 W Congress Parkway in Chicago, a 50,500-square-foot two-building site near the Western Blue Line station.The local developer buyer plans to convert the church and school into residential buildings and build a five-story apartment structure on the rectory site, targeting more than 50 new housing units in the transit-oriented redevelopment project.

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