Chicago, IL 60615 5165 S Michigan Avenue
$250,000



4 more





Presented By: Straight-A Realty, LLC
Home Details
Attention residential developers! Don't miss this exceptional opportunity to acquire a 0.19-acre lot in Chicago's thriving Washington Park neighborhood. Located at 5165 S Michigan Ave, this RM-5 zoned lot offers flexibility for various residential projects in an area experiencing rapid revitalization. With ample space to build an 8-unit residential building or two 4-unit buildings, this site presents a fantastic investment in a neighborhood seeing a surge in new construction. The property's prime location on Michigan Ave places it near key amenities, including Washington Park, Provident Hospital, and major transit routes, making it highly attractive to future residents. Whether you envision a boutique condo development or a rental property, the potential for strong returns is undeniable. With ongoing redevelopment efforts in the area, this lot is perfectly positioned for a profitable project-secure your stake in Washington Park's transformation today!
Presented By: Straight-A Realty, LLC
Interior Features for 5165 S Michigan Avenue
Bathrooms
Total Baths
General for 5165 S Michigan Avenue
CityChicago
ContingencyAttorney/Inspection
CountyCook
DirectionsDrive East on 51st Street to Michigan Ave, then drive South to the land site.
Elementary School District299
High School District299
MLS AreaCHI - Washington Park
Middle/Junior School District299
OwnershipFee Simple
PossessionClosing, Immediate
Possible UseMulti-Family
Property TypeLand
Property TypeLand
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount3012.69
Tax Year2023
TownshipHyde Park
UtilitiesElectricity Nearby, Natural Gas Nearby
Waterfront Y/NNo
ZoningMULTI
Exterior for 5165 S Michigan Avenue
Frontage Length52
Frontage TypeCity Street
Lot Dimensions52X161
Lot Size Acres0.19
Road Surface TypeAsphalt
Total Parking0
Additional Details
Price History
