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Dream Town Realty


MLS #11712198

5147 S Michigan Avenue , Chicago IL, 60615
Washington Park Land

Bed: - | Bath: 0 | Tax: 1828.10 | HOA: -

For Sale: $399,000


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    Residential developers don't miss out on this excellent opportunity to purchase an .37-acre lot in Chicagoland's Washington Park neighborhood. Zoned RM-5, this sizable lot is prime for development. 16,000+ square feet - there is upside to develop two 8-unit residential buildings! An 8-unit residential building recently sold for $1,152,575 within 1-mile of the subject property within the past 12 months. The subject parcel also has the square footage to build four 4-unit residential buildings! A new construction 4-unit sold for $975,000 within a square mile of the subject property within the past 12 months! Build four of these 4-units to achieve a $4M+ valuation upside. Condo conversion is also an excellent strategy, 3-bedroom condos in Washington Park sell for $250,000+. This plot sits in an excellent territory on Chicago's famous Michigan Ave, proximity to George Washington Park, Provident Hospital, and interstate access!

    Features and Information

    Property Information

    • List Price: $399,000
    • Tax: $1,828
    • Square Feet: -
    • Market Time: 46
    • Status: Active
    • Type: Land
    • Built: -
    • Garage Spaces: -
    • Dimensions: 100X161

    Property Location

    • Address: 5147 S Michigan Avenue
    • Unit: -
    • Unit Floor Level: -
    • City/State: Chicago
    • ZIP: 60615
    • MLS Area: CHI - Washington Park
    • County: Cook
    • PIN #: 20103020090000


    • Heat: None
    • Air Conditioning: None
    • Appliances: -
    • Parking: -
    • Age: -
    • Exterior: -
    • Assessments Include: -


    • Total Rooms: -
    • Bedrooms: -
    • Master Bedroom: -
    • Bathrooms: 0
    • Basement Bath: No
    • Master Bath: -

    Based on information submitted to the MLS GRID as of 3/21/2023 5:32 AM. 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.

    Map of 5147 S Michigan Avenue , Chicago IL, 60615
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    Listed by: Michael Applegate - Straight-A Realty, LLC
    Source: MRED as distributed by MLS GRID

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