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$199,000
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Property Description
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!
Full Property Details
Full Property Details for 5165 S Michigan Ave
General
- Sold For: $199,000
- Taxes: $3,012 (2023)
- Status: Closed
- Type: Lots/Land
- Source: MRED
- MLS ID: 12322600
- Added to Site: 295 day(s) ago
Additional Information
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Location
- Area: CHI - Washington Park
- County: Cook
- Driving Directions: Drive East on 51st Street to Michigan Ave, then drive South to the land site.
School Information
- School District: 299
- Midd School District: 299
Utilities
- Onsite: Electricity Nearby, Natural Gas Nearby
Structural Information
- Square Feet: 0.19
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,372
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 52 x 161
- Frontage: City Street
- Frontage Feet: 52
- Street/Road Desc.: Asphalt
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Tax Amount: $3,012.69
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20103020130000
Listed and Sold by Straight-A Realty, LLC
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Schools
Schools serving 5165 S Michigan Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burke Elementary School 5356 South King Drive, Chicago, IL 60615 | PK-8 | 0.4 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5165 S Michigan Ave
Date
Details
Price
Change
Source
8/14/2025
Sold
$199,000
-20.4%
MLS
3/27/2025
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5165 S Michigan Avenue, Chicago, IL 60615 (MLS# 12322600) is a Lots/Land property that was sold at $199,000 on August 14, 2025. Want to learn more about 5165 S Michigan Avenue? Do you have questions about finding other Lots/Land real estate for sale in Washington Park? You can browse all Washington Park real estate or contact a Coldwell Banker agent to request more information.

