5165 S Michigan Avenue
Chicago, IL 60615
- – beds
- – baths
- – sqft
- 8,276 sqft lot
- – on site
Attention residential developers! Don't miss this exceptional opportunity to acquire a 0.19-acre lot in Chicago's thriving Washington Park neighborhood. Located at 5165 S Michigan Ave, this RM-5 zoned lot offers flexibility for various residential projects in an area experiencing rapid revitalization. With ample space to build an 8-unit residential building or two 4-unit buildings, this site presents a fantastic investment in a neighborhood seeing a surge in new construction. The property's prime location on Michigan Ave places it near key amenities, including Washington Park, Provident Hospital, and major transit routes, making it highly attractive to future residents. Whether you envision a boutique condo development or a rental property, the potential for strong returns is undeniable. With ongoing redevelopment efforts in the area, this lot is perfectly positioned for a profitable project-secure your stake in Washington Park's transformation today!
Last checked:
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Last updated Apr 14, 2025
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MLS# 12322600 —
Location
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Directions:Drive East on 51st Street to Michigan Ave, then drive South to the land site.
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Location:27867
The Property
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Parcel Number:20103020130000
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Property Type:Land
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Lot Size Dimensions:52X161
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Lot Size Acres:0.19
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Possible Use:Multi-Family
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Zoning:MULTI
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Building On Land:No
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Frontage Type:City Street
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Frontage Length:52
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Waterfront:false
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (708) 743-0043
- Office phone:
- (630) 288-2446
Taxes
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Tax Year:2023
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Tax Annual Amount:3012.69
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Electricity Nearby, Natural Gas Nearby
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/8/25
Apr 8, 2025
|
Listed / Active | MRED | $250,000 | |
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3/27/25
Mar 27, 2025
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Sold Subject To Contingencies | MRED | $250,000 | |
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3/27/25
Mar 27, 2025
|
Listed / Active | MRED | $250,000 |
