Sale of Surplus Chicago Public Schools Real Estate: 2 Vacant Buildings and 2 Vacant Land Sites

Chicago Public Schools is soliciting bids for the sale of four surplus real estate assets in Chicago, Illinois, consisting of two vacant buildings and two vacant land sites. The properties include a 6,250 square foot parcel at 1300-1304 S Avers Ave and a 24,800 square foot parcel at 5140-58 S Wells St, both with minimum bids of $25,000. Additionally, the sale includes a 19,500 square foot building at 5125 S Princeton Ave with a $25,000 minimum bid, and the former Parkman Elementary School at 245 W 51st St, a 61,109 square foot building on a 68,250 square foot parcel, with a minimum bid of $35,000. All properties are conveyed on an as-is, where-is basis, and the successful bidder must demolish any existing improvements within three years of the deed date unless a waiver is granted. Bids must be submitted as hard copies only and delivered to the CPS Security Desk at 42 W. Madison, Chicago, IL. A complete submission requires three bound copies, including two original signature sets sworn before a notary public, and one electronic PDF copy on a Windows-compatible USB stick. Required documentation includes an Offer to Purchase Real Estate, a Use Proposal detailing site plans and community impact, an Economic Disclosure Statement and Affidavit, and a Bidder's Disclosure Form. The Board of Education reserves the right to accept the highest responsible bid, reject all bids, or negotiate with the top two bidders. Interested parties must arrange site visits via email and sign a liability waiver before inspection.