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Chicago International Charter School Acquires Former St. Felicitas Church Campus For $1.7M

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SOLD
$1,700,000

Illinois

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School90,000 SF
Sold 07/17/2025
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Property Image
SOLD

Chicago International Charter School Acquires Former St. Felicitas Church Campus For $1.7M

8400 South Blackstone Avenue

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School90,000 SF
Sold 07/17/2025
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Summary

ILLINOIS
Asset Type:School
Price Per Square Foot:$18
Total Square Footage:90,000 SF
Transaction Type:Sale

The former St. Felicitas Church Campus located at 8400 South Blackstone Avenue in Chicago was sold for $1,700,000. The property encompasses 2 acres and consists of a school asset type with a total square footage of 90,000. The transaction occurred in the Chicago market.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: $1,700,000
  • Address: 8400 South Blackstone Avenue
  • Market: Chicago
  • Asset Size: 2 acres
  • Square Footage: 90,000
  • Price per Square Foot: $19
  • Buyer: Chicago International Charter School (CICS)
  • Brokers: Paul Cawthon & Angelo Labriola - SVN Chicago Commercial

The deal was brokered by SVN Chicago Commercial, representing the interests of both Paul Cawthon and Angelo Labriola. Chicago International Charter School had been leasing part of the site since 2002 for its CICS Avalon campus, and this transaction ensures their long-term presence in the community while enabling potential campus expansion in the future.

Players

Paul Cawthon
12 deals$28.5M volume
BROKER

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

SVN | Chicago Commercial
BROKERAGE

Details

SOLD
IMAGE: Paul Cawthon & Angelo Labriola DATE: 07/17/2025 ADDRESS: 8400 South Blackstone Avenue MARKET: Chicago ASSET TYPE: School ~ ACRES: 2 BUYER: Chicago International Charter School (CICS) (@CICS_CharterSchools) BROKERS: Paul Cawthon & Angelo Labriola (@CLG_Chicago) - SVN Chicago Commercial (@SVN_Chicago) SALE PRICE: $1,700,000 SF: 90,000 ~ PPSF: $19 NOTE: SVN Chicago Commercial brokered the $1.7M sale of the former St. Felicitas Church Campus on Chicago’s South Side to Chicago International Charter School, which had leased part of the site since 2002 for its CICS Avalon campus. The deal secures CICS's long-term presence and opens the door for future campus expansion.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41