5731-41 South State, Chicago IL 60621
$225,000

Property Description

Discover the potential of two adjacent city lots (totaling approx. 8,050 sq ft) located on State Street in the Washington Park community. This property offers a rare chance to build ground-up new construction or develop multi-family housing in a neighborhood seeing steady revitalization. Lot Size: 8,050 sq ft (combined) Location: Easy access to I-94, public transit, shopping, and schools Development Potential: Ideal for multi-unit, town homes, or custom single-family residences Surrounded by ongoing redevelopment and investment, these lots present a strategic opportunity for builders, developers, and investors looking to create value in one of Chicago's historic neighborhoods. Bring your vision - this property is ready for its next chapter.

Features & Information

Key Details

  • List Price $225,000
  • Property Taxes $12,706
  • Lot Dimensions 25 x 178.45
  • Status Active

Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

Location

  • General Information None
  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property Take State To 5713-15 S State
  • Property Taxes

  • Tax $12,706
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 20151130110000

Listed by: Re-CHRG Inc | Phone: 877.445.4192
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/27/2025 5:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Washington Park

For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.

Mortgage Calculator

  • List Price${ formatCurrency(listPrice) }
  • Taxes${ formatCurrency(propertyTaxes) }
  • Assessments${ formatCurrency(assessments) }
  • List Price
  • Taxes
  • Assessments
${ formatCurrency(price) }
${ selectedInterestRate }%
${ downPaymentPercent }%

Estimated Monthly Payment

${ formatCurrency(monthlyTotal) } / month

  • Principal & Interest${ formatCurrency(monthlyPrincipal) }
  • Taxes${ formatCurrency(monthlyTaxes) }
  • Assessments${ formatCurrency(monthlyAssessments) }

All calculations are estimates for informational purposes only. Actual amounts may vary.

Ask a Question 5731-41 South State, Chicago IL 60621

This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply.

Request a tour 5731-41 South State, Chicago IL 60621

This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply.

Share this Listing