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5147 S Michigan Avenue
$399,000
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5147 S Michigan Avenue

Chicago, Illinois 60615
Active / MLS #11947999 / Vacant Land / Washington Park
Listing information updated 12/23/2023 at 12:23am
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 REAL multifamily development upside! 5432 S Michigan Ave and 5434 S Michigan Ave recently sold for $1,055,000 each, within the past 3 months!! These two, new construction, buildings have only 3-units and within walking distance of the subject property! This available parcel also has the square footage to build four 3/4-unit residential buildings! Build your own collection of four luxury 3-units and achieve a $4M+ valuation upside, achieve potentially higher values with 4-unit building! 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!

Full Features

Basement:
None
Heating System:
None
Water Front:
No
Square Feet:
N/A
Lot Size:
.25-.49 Acre
Acreage:
0.37

Taxes & Assessments

Tax Amount:
$1,005
Tax Year:
2022

Location

Zip Code:
60615
City:
Chicago
County:
Cook

Schools

School District(s):
299
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Straight-A Realty, LLC

Listing Office Phone: 630.288.2446

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/23/2023 at 12:23am. 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.

Washington Park

Washington Park, IL

Surrounded by an expansive park of the same name, Washington Park offers a number of attractions that appeal to residents. The park spans more than 340 acres, and was the proposed location of the Olympic Stadium and swimming venue for the 2016 Summer Olympics. Added to the National Register of Histo...

CTA

CTA
Green line at 51st
CTA
Red line at Garfield
$252,385
Average Sale Price
175
Average Days On The Market
91%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 5147 S Michigan Avenue, Chicago, IL 60615

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5147 S Michigan Avenue is a vacant land currently listed at $399,000. This vacant land has been listed on @properties since December 16th, 2023. The nearest transit stops include 51st CTA Green line.

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