The median home value in Chicago, IL is $312,000.
This is
higher than
the county median home value of $285,000.
The national median home value is $308,980.
The average price of homes sold in Chicago, IL is $312,000.
Approximately 40% of Chicago homes are owned,
compared to 48% rented, while
12% are vacant.
Chicago real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Chicago real estate agent to arrange a tour today! Learn more about Chicago.
Nestled in the Kenwood and bordering historic Hyde Park, this exceptional vacant land offering presents a unique opportunity for discerning developers and investors. Spanning a generous plot, this property is zoned with the potential to accommodate the construction of two luxury single-family homes, each promising to be a beacon of modern living and sophisticated design. This land is perfectly situated amidst a vibrant landscape of both meticulously rehabbed historic residences and sleek new constructions, reflecting the area's rich blend of tradition and contemporary appeal. Hyde Park, known for its cultural significance and architectural beauty, offers an unmatched setting for potential homeowners looking to be part of a storied community while enjoying the luxuries of modern living. The property itself is a canvas awaiting the visionary touch of its next owner. With ample space for innovative design, each home can be tailored to feature state-of-the-art amenities, expansive living areas, and private outdoor retreats, all while maintaining the integrity and charm that Hyde Park is renowned for. Opportunities like this, to create something truly remarkable in such a sought-after location, come once in a lifetime. Whether you're looking to make your mark on Hyde Park's architectural landscape or to offer future homeowners a chance to be part of something special, this land holds the key to a myriad of possibilities. Surrounded by the community's commitment to excellence and growth, this property is not just a piece of land but a foundation for a legacy in one of the city's most historic neighborhoods. .44 Acre lot. 19,000+ sq ft. 283.5 x 67.5 lot with alley access on east and north ends of lot. No warranty(s) or survey. Sold AS IS
Residential developers don't miss out on this excellent opportunity to purchase an .37-acre lot in Chicagoland's Washington Park neighborhood. Zoned RM-5, this sizable lot is prime for development. 16,000+ square feet - There is REAL multifamily development upside! 5432 S Michigan Ave and 5434 S Michigan Ave recently sold for $1,055,000 each, within the past 3 months!! These two, new construction, buildings have only 3-units and within walking distance of the subject property! This available parcel also has the square footage to build four 3/4-unit residential buildings! Build your own collection of four luxury 3-units and achieve a $4M+ valuation upside, achieve potentially higher values with 4-unit building! Condo conversion is also an excellent strategy, 3-bedroom condos in Washington Park sell for $250,000+. This plot sits in an excellent territory on Chicago's famous Michigan Ave, proximity to George Washington Park, Provident Hospital, and interstate access!
Residential developers don't miss out on this excellent opportunity to purchase an .19-acre lot in Chicagoland's Washington Park neighborhood. Zoned RM-5, this sizable lot is prime for development. Totaling 8,372 square feet - there is upside to develop an 8-unit residential building! An 8-unit residential building recently sold for $1,152,575 within 1-mile of the subject property within the past 12 months. The subject parcel also has the square footage to build two 4-unit residential buildings! A new construction 4-unit sold for $975,000 within a square mile of the subject property within the past 12 months! Build two of these 4-units to achieve a $2M+ valuation upside. Condo conversion is also an excellent strategy, 3-bedroom condos in Washington Park sell for $250,000+. This plot sits in an excellent territory on Chicago's famous Michigan Ave, proximity to George Washington Park, Provident Hospital, and interstate access!
Washington Park is happening now! Loads of new construction, easy access to transportation: Redline, Greenline, 90/94, LSD and CTA buses. Next to Bronzeville and near Woodlawn! You are not the first in...Bring your ideas, blueprints and offer today!
Listings courtesy of MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 4/23/2024. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
How may I help you?
Get property information, schedule a showing or find an agent
