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For Sale
$299,000

5031 S Michigan Avenue, Chicago, IL 60615

LAND - Chicago, IL

Days on Market10

Property Features for 5031 S Michigan Avenue

General Information

Property type Land
Property subtype Other
Elementary school district 299
Middle school district 299
High school district 299
Directions Dan Ryan Expy to 51st St, east to Michigan Ave, north to property.
Subdivision CHI - Grand Boulevard
Standard status Active
APN 20101200110000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 3490

Utilities

Utilities Natural Gas Available
Listing Agency: Real Broker, LLC
Listed By: Landon Kelly · License #475199429
Added: Jul 23 Last Checked: Aug 1 at 8:06PM
MLS# 12713871

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Building Supply HVAC Service Kitchen & Bath Showroom Plumbing Service Acupuncture (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,389
Businesses Nearby

Demographics for 60615, IL

43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value

Market

Average Price Trend$/SF for Land in Chicago, IL

Feb
$93.21 Mar
$93.21 Apr
$93.21 May
$113 Jun
Jul

Properties on Market for Land in Chicago

Feb
Mar
Apr
May
Jun
Jul
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

Where is this land located?
The property is located at 5031 S Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $299,000.
More about this property
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