5147 South Michigan Avenue
5147 South Michigan Avenue
$399,000
16,117 / 0.37
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!
- Listed by Michael Applegate • Straight-A Realty, LLC
- Listed by D'Andre Daye • Straight-A Realty, LLC
Property Details for 5147 South Michigan Avenue
Area
CHI - Washington Park
TownshipHyde Park
OwnershipFee Simple
Num Of Parking Spaces0.0
Heat/FuelNone
ZoningMULTI
Location
LISTING UPDATED: 12/23/2023 12:06 AM
Property Details for 5147 South Michigan Avenue
Status | Active |
---|---|
MLS # | 11947999 |
Days on Market | 251 |
Taxes | $1,005 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land |
Year Built | - |
Lot Size | 0.37 AC |
County | Cook County |
Location
Building Information for 5147 South Michigan Avenue
Lot Size0.37 AC
Payment Calculator
$2,261 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5147 South Michigan Avenue
Property History for 5147 South Michigan Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Beasley Elementary Magnet Academic Center PublicPK to 8 | ||
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.
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