5716 South Indiana, Chicago IL 60637
Property Description
Attention developers, investors, and owner-occupants with a vision! Discover the potential of 5716 S Indiana Ave, a prime opportunity in Chicago's thriving real estate market. This RM-5 zoned property is a blank canvas, ready for a complete rehab. Whether you are looking to design a luxurious 3-level mansion, create a single family home with an income-generating garden unit, or convert the property into 3 separate units, the possibilities are endless! The basement already features plumbing and egress, making the addition of a 3rd unit straightforward. With the versatility of RM-5 zoning, this property is a rare find for those ready to transform potential into profit. Situated in a desirable location with access to the Garfield Green Line station, easy access to highways, close to Washington Park, Jackson Park, library, Hyde Park, and 10 minutes from the future site of the Obama Library, and so much more. This is your chance to make an impact! Bring your renovation financing or your developer's dream team and unlock the endless potential of this diamond in the rough! Schedule your showing today and let your imagination run wild! Room sizes and measurements are estimated.
Features & Information
Key Details
- List Price $290,000
- Property Taxes $4,445.13
- Square Feet 3348
- Price/ Sq. Ft. $86.62
- Year Built 1900
- Parking Type Space/s
- Status Active
Rooms
- Total Rooms 9
- Basement E
-
Master Bedroom
- Master Bath F
- Room Size 15X12
-
Bedroom 2
- Room Size 12X11
- Floor Level 2nd Level
-
Bedroom 3
- Room Size 13X10
- Floor Level 2nd Level
-
Bedroom 4
- Room Size 12X10
- Floor Level Basement
-
Living Room
- Room Size 15X11
- Floor Level Main Level
-
Family Room
- Room Size 14X12
- Floor Level Main Level
-
Dining Room
- Room Size 15X12
- Floor Level Main Level
-
Kitchen
- Room Size 12X10
- Floor Level Main Level
-
Basement
- Basement Description Unfinished
- Bathroom(s) in Basement N
Additional Rooms
Interior Features
-
Heating & Cooling
- Heating Type None
- Air Conditioning None
Exterior Features
-
Building Information
- Age of Building 100+ Years
- Exterior Construction Brick,Stone
-
Parking
- Parking Space/s
- # of Cars 2
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property East/west On Garfield To Michigan, 1-way South To 58th St, East To Indiana, 1-way North To Property.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 4445.13
- Tax Year 2023
- Parcel Identification Number 20151150200000
-
Lot Information
- Dimensions 21 X 160
- Acreage 0.078
Utilities
- Sewer Sewer-Publ
Listed by Gwendolene Newton for Century 21 S.G.R., Inc. | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 2/3/2025 5:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Washington Park
For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.
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