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    5731-41 S State St Chicago, IL 60621

    For Sale
    $225,000

    Land - Chicago, IL

    Days on Market:
    68
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 5731-41 S State St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    20151130110000

    Building Details

    Architectural style
    Other

    Chicago Homes Realty Group (772) 495-2144 [email protected]

    Listing agent Sanina Ellison (877) 445-4192 License #471018328

    Listing date Oct 1, 2025

    MLS# 12481106 Listing URL

    Copyright © 2025 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.

    Overview

    Chicago Land Opportunity on State

    Located on State Street in Chicago's Washington Park community, this property features two adjacent city lots totaling approximately 8,050 square feet. The site is ideally suited for ground-up new construction or the development of multi-family housing within a neighborhood undergoing revitalization. The location provides convenient access to I-94, public transportation, shopping, and schools. The lots are suitable for multi-unit developments, townhomes, or custom single-family residences. Surrounded by ongoing redevelopment and investment, these lots offer a strategic opportunity for builders, developers, and investors looking to create value in one of Chicago's historic neighborhoods.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6252909
    Latitude
    41.7900769

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    FAQs

    What type of property is this?
    Residential land & home lot - Two adjacent lots perfect for new construction or multi-family housing.
    Where is this residential land & home lot located?
    The property is located at 5731-41 S State St Chicago, IL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Large combined lot size (approx. 8,050 sq ft) suitable for various development projects.; - Prime location on State Street in the revitalizing Washington Park community.; - Ideal for multi-unit, townhome, or custom single-family construction.
    (877) 445-4192
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    5731-41 S State St Chicago, IL 60621
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    Chicago, IL 60621
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5731-41 S State St Chicago, IL 60621
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