Property Description

BUILD THE FUTURE: PRIME WASHINGTON PARK DEVELOPMENT SITE READY FOR YOUR VISION! Developers, get ready to build in one of Chicago's most vibrant growth corridors! This is not just land; it's a blank canvas for your next residential masterpiece in the thriving Washington Park neighborhood. Dual Lots, Dual Potential: Secure two adjacent parcels: 5254 S. Indiana Ave: A substantial 30x145 footprint. 5256 S. Indiana Ave: An additional 16x145 space. Both lots are zoned RM5, offering immense flexibility for a multitude of residential projects. Bring your creative ideas! Positioned in a neighborhood experiencing significant revitalization. Just a quick 10-minutes to the future Obama Presidential Center, a major area anchor and value driver. Don't just watch Washington Park grow-shape it! This exciting development opportunity won't last long. Imagine the possibilities and make them a reality.

Features & Information

Key Details

List Price $199,995
Property Taxes $3,144.28
Lot Dimensions 46x145
Status New

Schools

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

Location

General Information School Bus Service,Commuter Bus,Commuter Train,Interstate Access
County Cook
Township Hyde Park
Corporate Limits Chicago
Directions to Property Michigan Ave South/north To 52nd Ave

Property Taxes
Tax $3,144.28
Tax Year 2024
Parcel Identification Number 20103030290000

Listed by: Pearson Realty Group | Phone: 773.325.2800
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 1/8/2026 10:02 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

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.