5147 South Michigan Avenue

Chicago, IL 60615

$399,000
Price
16,117 / 0.37
Lot Size / Acres

Description

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...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!
  1. Listed by Michael Applegate • Straight-A Realty, LLC
  2. Listed by D'Andre Daye • Straight-A Realty, LLC

Property Details for 5147 South Michigan Avenue

Area
CHI - Washington Park
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Heat/Fuel
None
Zoning
MULTI

Location

Listing Courtesy of Straight-A Realty, LLC
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LISTING UPDATED: 12/23/2023 12:06 AM

Property Details for 5147 South Michigan Avenue

StatusActive
MLS #11947999
Days on Market251
Taxes$1,005 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.37 AC
CountyCook County

Location

Listing Courtesy of Straight-A Realty, LLC
Add your commute

Building Information for 5147 South Michigan Avenue

Lot Size0.37 AC

Payment Calculator

$2,261 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,178

Property Taxes

$84

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5147 South Michigan Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Location and General Information
  • Frontage Length: 100
  • Frontage Type: City Street
Property Information
Interior Features
  • Air Conditioning: None
  • Basement Description: None
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby
Property/Lot Information
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 100X161
  • Approx Land Sq Footage: 16105
  • Buildings on Land: No
  • Waterfront: No
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 5147
  • East Coordinate: 200
  • West Coordinate: 0
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-12-17T07:51:39
  • Photos Count: 1
  • OpenHouse Count: 0
Miscellaneous
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 5147 South Michigan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5147 South Michigan Avenue

Taxable ValueLand$9,064Additions-Total$9,064
Tax Record2022$1,870 ($156 / month)
Home Facts
Beds0Lot Size5,332 SqFtStyleMiscellaneous Vacant LandCountyCOOKAPN20-10-302-009

Schools near 5147 South Michigan Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Burke Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

Bronzeville Scholastic High School
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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5147 South Michigan Avenue is a 0.37 ac of land for sale in Chicago, IL 60615. This property was listed for sale on December 16, 2023 by Straight-A Realty, LLC, it's currently listed at $399,000. It has been on the market for a total of 251 days and was last sold on December 8, 2005. This listing's school district is City Of Chicago School District 299. Nearby schools include Burke Elementary School, Phillips Academy High School and Beasley Elementary Magnet Academic Center. 5147 South Michigan Avenue is a 0-bed, 0-bath, 0.37 ac of land on a 16,117 sq. ft. / 0.37 acres lot.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Straight-A Realty, LLC

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.