Property Description

Prime Development Opportunity in Washington Park!Discover the potential of this vacant 0.21-acre lot (approx. 9,148 sq ft) located at 5415 S Prairie Ave in the rapidly developing Washington Park area. Zoned RM-5, this oversized lot offers an excellent opportunity for developers, investors, or future homeowners looking to build a multi-unit residential building or a spacious single-family home.Nestled on a tree-lined street just minutes from the University of Chicago, Washington Park, and the Green Line, this lot provides convenient access to downtown, Hyde Park, and major expressways. New construction and revitalization projects are already underway throughout the neighborhood-be part of the momentum.Whether you're looking to build new, expand your portfolio, or hold for long-term investment, this is a can't-miss opportunity in one of Chicago's most promising areas. Drive by and envision the possibilities-bring your ideas and make them reality.

Features & Information

Key Details

List Price $250,000
Property Taxes $3,239
Lot Dimensions 25X125
Status Active

Schools

Elementary School District 299
Junior High District 299
High School District: 299

Location

General Information None
County Cook
Township Hyde Park
Corporate Limits Chicago
Directions to Property Go To Prairie And Right/left To Land

Property Taxes
Tax $3,239
Tax Year 2023
Tax Exemptions None
Parcel Identification Number 20103150030000

Listed by Grigory Pekarsky for Vesta Preferred LLC | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/19/2025 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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