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$300,000
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Property Description
This oversized city lot (approx. 15,946 sq ft) offers a rare opportunity for developers and investors to create something substantial in Chicago's Washington Park neighborhood. With nearly four times the size of a standard Chicago lot, this property provides maximum flexibility for residential or mixed-use development. Washington Park is experiencing growth and revitalization, supported by city investment, cultural institutions, and community development. This parcel presents an exceptional opportunity to build in a prime location with strong upside potential.
Full Property Details
Full Property Details for 5721 S State St
General
- Price: $300,000
- Taxes: $3,038 (2023)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12481099
- Updated: 10/7/2025
- Added to Site: 109 day(s) ago
Interior
- Basement: None
Location
- Area: CHI - Washington Park
- County: Cook
- Township: Hyde Park
- Driving Directions: take State to 5713-15 S State
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Onsite: None
Structural Information
- Basement Desc.: None
- Square Feet: 0.37
Lot Features
- Lot Size (Acres): 0.37
- Lot Size (Sq. Ft.): 15,946
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 15946
- Frontage: City Street
- Street/Road Desc.: Asphalt
- Potential Use: Commercial, Development, Multi-Family, Single Family
Financial Considerations
- Tax Amount: $3,038
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20151130100000
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Schools
Schools serving 5721 S State St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Carter Elementary School, Chicago, IL 5740 South Michigan Avenue, Chicago, IL 60637 | PK-8 | 0.1 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2.4 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 5721 S State St
Date
Details
Price
Change
Source
10/01/2025
Listed
$300,000
93.55%
MLS
6/20/2023
Sold
$155,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5721 S State St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,038
3%
$14,351
—
2022
$2,961
2%
$14,351
—
2021
$2,894
-9%
$14,351
—
2020
$3,197
11%
$14,351
—
2019
$2,883
2%
$14,351
—
2018
$2,835
10%
$14,351
20%
2017
$2,574
7%
$11,959
—
2016
$2,395
9%
$11,959
—
2015
$2,191
-1%
$11,959
—
2014
$2,219
2%
$11,959
—
2013
$2,175
1%
$11,959
—
2012
$2,146
—
$11,959
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5721 S State St
5721 S State Street, Chicago, IL 60621 (MLS# 12481099) is a Lots/Land property with a lot size of 0.37 acres. 5721 S State Street is currently listed for $300,000 and was received on October 01, 2025. Want to learn more about 5721 S State Street? 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.

