5755 S Calumet Ave

$127,000
Last Sold Price
12,068 / 0.28
Lot Size / Acres

Description

Prime development opportunity in one of Chicago's fastest-appreciating neighborhoods, this oversized 12,068 SF corner parcel offers rare scale, prime positioning, and optimal RM-5 zoning that allows for a wide range of residential uses. Its premier corner location provides outstanding visibility, natural light, and design flexibility. Uniquely wide, the lot offers over 67 feet of frontage on Calumet Avenue and stretches nearly 180 feet deep, providing ample space for creative development with virtually...Prime development opportunity in one of Chicago's fastest-appreciating neighborhoods, this oversized 12,068 SF corner parcel offers rare scale, prime positioning, and optimal RM-5 zoning that allows for a wide range of residential uses. Its premier corner location provides outstanding visibility, natural light, and design flexibility. Uniquely wide, the lot offers over 67 feet of frontage on Calumet Avenue and stretches nearly 180 feet deep, providing ample space for creative development with virtually every residential configuration on the table. Permitting up to 26,549 buildable square feet and 30 dwelling units by right, RM-5 zoning enables meaningful density and architectural flexibility. Just steps from Washington Park, one of the city's most iconic and expansive green spaces, the property offers a rare setting for nature lovers, outdoor enthusiasts, and cultural explorers alike. Spanning nearly 370 acres, the park features lush walking and biking trails, serene lagoons, tennis courts, athletic fields, and cultural landmarks like the DuSable Black History Museum. It's an ideal environment for recreation, connection, and inspiration - and just a short walk or bike ride through the park connects you directly to the University of Chicago campus. Convenient access to the nearby CTA Green Line further enhances the location's appeal. This property presents a rare opportunity to capitalize on a prime location with strong fundamentals and long-term upside.

Property Details for 5755 South Calumet Avenue

Area
CHI - Washington Park
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
MULTI
LISTING UPDATED: 12/12/2025 05:09 PM

Property Details for 5755 South Calumet Avenue

StatusClosed
MLS #12480038
Days on Market59
Taxes$4,343 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.28 AC
CountyCook County
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Virtual Tour

Building Information for 5755 South Calumet Avenue

Lot Size0.28 AC

Payment Calculator

$989 per month

30 year fixed, 6.28% Interest

Principal and Interest

$628

Property Taxes

$362

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5755 South Calumet Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Carter Elementary School
  • Jr High Middle School: Carter Elementary School
  • High School District: 299
  • High School: Phillips Academy High School
  • Middle Or Junior School District: 299
Location and General Information
  • Frontage Length: 67.42
  • Frontage Type: City Street
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Water: Municipal Water
  • Utilities: Electricity Nearby, Natural Gas Nearby, Sewer Nearby
Property/Lot Information
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 67.42 X 179
  • Approx Land Sq Footage: 12068
  • Buildings on Land: No
  • Waterfront: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 5755
  • East Coordinate: 334
  • West Coordinate: 0
Property and Assessments
  • Possible Use: Condominium, Multi-Family, Single Family
  • Public Document Count: 1
  • Document Date: 2025-09-24T19:15:37
  • Photos Count: 21
  • OpenHouse Count: 0
Miscellaneous
  • Land Amenities: Sidewalks
  • Location: Corner,Park Adjacent
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 5755 South Calumet Avenue

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Sold

MRED #12480038

$127,000
Nov 21, 2025

Pending

MRED #12480038

Nov 21, 2025

Contingent

MRED #12480038

Sep 24, 2025

Cancelled

MRED #12427141

$200,000
Sep 24, 2025

Listed (Active)

MRED #12480038

$175,000
Jul 24, 2025

Listed (Active)

MRED #12427141

$200,000
DateEvent & SourcePrice
12/12/2025

Sold

MRED #12480038

$127,000
11/21/2025

Pending

MRED #12480038

11/21/2025

Contingent

MRED #12480038

09/24/2025

Cancelled

MRED #12427141

$200,000
09/24/2025

Listed (Active)

MRED #12480038

$175,000
07/24/2025

Listed (Active)

MRED #12427141

$200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5755 South Calumet Avenue

Taxable ValueLand$20,515Additions-Total$20,515
Tax Record2023$4,343 ($362 / month)
Home Facts
Beds0Lot Size12,068 SqFtStyleMiscellaneous Vacant LandCountyCOOKAPN20-15-118-023

Schools near 5755 South Calumet Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - PK to 8
Rating
School
Distance
Carter Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

CICS Washington Park
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/12/2025 05:09 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.