5165 South Michigan Avenue
5165 South Michigan Avenue
$199,000
8,276 / 0.19
Description
Residential developers don't miss out on this excellent opportunity to purchase an .19-acre lot in Chicagoland's Washington Park neighborhood. Zoned RM-5, this sizable lot is prime for development. Totaling 8,372 square feet - there is upside to develop an 8-unit residential building! 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 two 4-unit residential buildings!...Residential developers don't miss out on this excellent opportunity to purchase an .19-acre lot in Chicagoland's Washington Park neighborhood. Zoned RM-5, this sizable lot is prime for development. Totaling 8,372 square feet - there is upside to develop an 8-unit residential building! 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 two 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 two of these 4-units to achieve a $2M+ 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!
- Listed by Michael Applegate • Straight-A Realty, LLC
- Listed by D'Andre Daye • Straight-A Realty, LLC
Property Details for 5165 South Michigan Avenue
Area
CHI - Washington Park
TownshipHyde Park
OwnershipFee Simple
Num Of Parking Spaces0.0
ZoningMULTI
Location
LISTING UPDATED: 12/22/2023 12:06 AM
Property Details for 5165 South Michigan Avenue
Status | Active |
---|---|
MLS # | 11948000 |
Days on Market | 252 |
Taxes | $2,870 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land |
Year Built | - |
Lot Size | 0.19 AC |
County | Cook County |
Location
Building Information for 5165 South Michigan Avenue
Lot Size0.19 AC
Payment Calculator
$1,325 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5165 South Michigan Avenue
Property History for 5165 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 5165 South Michigan Avenue
Taxable ValueLand$14,232Additions-Total$14,232
Tax Record2022$2,936 ($245 / month)
Home Facts
Beds0Total Finished SqFt7,533 SqFtAbove Grade Finished SqFt7,533 SqFtStories3Lot Size8,372 SqFtStyleMiscellaneous Vacant LandYear Built1913CountyCOOKAPN20-10-302-013
Schools near 5165 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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