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5731-41 S State St
Land
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$225,000

5731-41 S State St, Chicago

81% below median
0 bd·0 ba·0 sqft
Washington Park

5731-41 S State St, Chicago, IL

0 bd · 0 ba · 0 sqft Land listed at $225,000 in the Washington Park neighborhood.

About this home

Discover the potential of two adjacent city lots (totaling approx. 8,050 sq ft) located on State Street in the Washington Park community. This property offers a rare chance to build ground-up new construction or develop multi-family housing in a neighborhood seeing steady revitalization. Lot Size: 8,050 sq ft (combined) Location: Easy access to I-94, public transit, shopping, and schools Development Potential: Ideal for multi-unit, town homes, or custom single-family residences Surrounded by ongoing redevelopment and investment, these lots present a strategic opportunity for builders, developers, and investors looking to create value in one of Chicago's historic neighborhoods. Bring your vision - this property is ready for its next chapter.

Property details

Price
$225,000
Bedrooms
0
Bathrooms
0
Type
Land
Days on market
207
Est. property tax
$4,680/yr · $390/mo · 2.08% IL avg

Estimated monthly payment

Down payment20% ($45,000)
Interest rate6.75%
Principal & Interest$1,167
Property Tax$206
Insurance$150
Total$1,524/mo

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Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Home Intelligence

Neighborhood (zip 60621)

This neighborhood is primarily renter-occupied (25% owner-occupied). Median age is 37.4; 11% hold a bachelor's degree; median household income is $30,163.

Median income
$30,163
Median age
37.4
Owner-occupied
25.4%
Bachelor's degree
10.7%
Census median home value
$125,100

Source: US Census Bureau American Community Survey 5-year estimates.

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